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Impact Minerals raises $3.25m to fund nickel-copper-PGE exploration at Broken Hill

Smallcaps - A capital raising by junior explorer Impact Minerals (ASX: IPT) has put an extra $3.25 million in the bank to fund a drill program at the Red Hill, Platinum Springs and Little Broken Hill targets within the company’s wholly-owned Broken Hill nickel-copper-platinum group elements project in New South Wales.

Firm commitments were received from investors including German investment company and major shareholder, Deutsche Balaton.

Xcel Capital Pty Ltd and 180 Markets were joint lead managers for the capital raising.

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