Duke cashed up for copper work

DUKE Exploration is raising A$8 million at 36c per new share for exploration of its Bundarra copper project in Queensland, with another $3 million being sought in a share purchase plan.

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Duke's copper country west of Mackay, Qld

The company is expecting to report a maiden resource estimate for the Mt Flora prospect at Bundarra later this month and will use the funding for further drilling and mining studies.