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