CAPITAL MARKETS

Sandfire looks to PNG

COPPER producer Sandfire Resources has acquired a stake in Toronto-listed junior WCB Resources to gain exposure to the Misima copper-gold project in Papua New Guinea, which it describes as a potential tier-one opportunity.

Kristie Batten
Sandfire looks to PNG

Sandfire has subscribed for $A5.9 million worth of shares in WCB in a private placement, which is likely to make it the company’s largest shareholder. WCB will use the proceeds for a diamond drilling...

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