Westar Resources Ltd (ASX:WSR)'s Karl Jupp updates from Mt Magnet following the news it's filled a placement to raise A$850,000 from new and existing professional and sophisticated investors. The injection of capital and existing cash reserves will fund the company’s exploration activities across 7 kilometres of prospective strike at Gidgee North, where successful geochemical and geophysical surveys have been undertaken revealing copper, zinc, silver and gold targets.
Westar Resources on site at Mt Magnet following A$850,000 raise