EXPLORATION & DEVELOPMENT

MacPhersons gets Boorara drilling cash

KALGOORLIE explorer MacPhersons Resources has raised A$2.93 million and is seeking a further $1.5 million from shareholders to delineate a resource underpinning a development of the Boorara project 10km east of Australia’s gold headquarters.

Michael Quinn
MacPhersons gets Boorara drilling cash

At 13c per share, the raising was done at a circa-20% discount to recent trading levels for MacPhersons’ shares. The company said it is budgeting to spend $2.5 million by the end of calendar 2017 on...

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