Placement to accelerate Mbalam project: Sundance

IRON ore play Sundance Resources has boosted its coffers to the tune of $A50 million with the funds to be used to accelerate the resource drilling program and pre-feasibility study at Sundance's 90%-owned Mbalam iron ore project in Cameroon, West Africa.

Placement to accelerate Mbalam project: Sundance Placement to accelerate Mbalam project: Sundance Placement to accelerate Mbalam project: Sundance Placement to accelerate Mbalam project: Sundance Placement to accelerate Mbalam project: Sundance

Investors welcomed the news, driving the company’s share price up 8c (18%) to an intraday high of 53.5c with 41.4 million shares changing hands.

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