Mandrake cashed up for Julimar-type exploration play

JULIMAR-style exploration play Mandrake Resources has raised A$12 million in a placement ahead of first drilling of its Newleyine PGE nickel-copper target next week.

 Mandrake cashed up for Julimar-type exploration play  Mandrake cashed up for Julimar-type exploration play  Mandrake cashed up for Julimar-type exploration play  Mandrake cashed up for Julimar-type exploration play  Mandrake cashed up for Julimar-type exploration play

The placement priced new shares at 20c each, with unidentified investors involved in the raising.

Mandrake's shares were trading at levels around 2c 12 months ago.