EXPLORATION & DEVELOPMENT

Austpac to start drilling after $1.2 million placement

AUSTPAC Resources said today it has raised $1.2 million in working capital through the placement of 15 million 8c shares, which will help kick-off a drilling program on its Murray Basin joint venture ground with Ticor Ltd.

Greg Tubby

Austpac to start drilling after $1.2 million placement

The latest campaign will focus on delineating coarse-grained strand line heavy mineral deposits in the western half of exploration licence 4521 held by the 50:50 Austpac-Ticor joint venture. Austpac...

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