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PolarX Ltd

PolarX prepares for immediate drilling at Zackly after raising $2.5 mln

PolarX Limited (ASX:PXX) CEO Frazer Tabeart tells Proactive Investors the company has received commitments to raise about AUD $2.5 million from existing major shareholders and new investors via the issue of shares at AUD $0.10 each.

The funds will be used for exploration and development activities at the Alaska Range Project in Alaska, US, including resource extension drilling at the Zackly deposit.

Quick facts: PolarX Ltd

Price: $0.12

Market: ASX
Market Cap: $47.83 m
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PolarX Ltd enjoying an 'embarrassment of riches' at its Alaska Range project

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart caught up with Proactive London's Andrew Scott for a chat while at Mines and Money 2018. He says the company's made significant progress on its Alaska Range Project this year, considerably enhancing the prospectivity of the project to...

on 28/11/18

2 min read

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