Rumble Resources well funded to advance Earaheedy with $11.1 million raise

(via NewsDirect)

Rumble Resources Ltd (ASX:RTR, OTC:RTRFF) MD Shane Sikora tells Proactive the company is raising up to $11.1 million through a strongly supported $8.1 million placement, supplemented by up to $3 million in a share purchase plan (SPP).

The funds will go towards continuing to advance the Earaheedy Zinc-Lead-Silver Project in Western Australia. He says the upcoming phases of drilling will focus on resource extensions and new discoveries, whilst DMS/ore sorting and initial scoping studies will occur in parallel with the exploration campaign.

“The company is pleased at the support level of current shareholders and welcomes new institutional and sophisticated investors to the register," Sikora said.

“The company is well funded to continue to advance the Earaheedy Project. The upcoming phases of drilling will focus on resource extensions and new discoveries, whilst DMS/ore sorting and initial scoping studies will occur in parallel with the exploration campaign.”

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