EXPLORATION & DEVELOPMENT

Exco sharpens Ernest Henry feed focus

EXCO Resources is raising cash to pursue a “higher value outcome” for its shareholders from its Cloncurry copper projects in Queensland, with Xstrata’s Ernest Henry operation looming large in the foreground.

Michael Quinn
Exco sharpens Ernest Henry feed focus

A non-renounceable pro-rata entitlements issue on the basis of one share for every six (priced at 15c) will raise $2.65 million, with Melbourne-based investment fund Lion Selection underwriting $2.28 million...

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