Frontier boosts development funding

AUSSIE junior Frontier Resources is looking to raise $A5.74 million through a non-renounceable rights issue to further its Papua New Guinea-focused exploration portfolio, which could see it commence pre-feasibility work at its Kodu project by mid-year.

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Frontier plans to spend $3.9 million on its PNG projects and just over $1.06 million on its Tasmanian interests before the end of 2008.

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