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Australasian flags capital raising

AUSTRALASIAN Resources’ base case scenario for the Balmoral South project has been boosted by the iron ore contract price increases, with the magnetite hopeful estimating the project’s net present value at around $A6.37 billion.

MiningNews.Net
Australasian flags capital raising

The company revealed yesterday it was planning a capital raising within the next three months, subject to "prevailing market conditions" and working capital levels. However, this raising will be limited...

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