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  • Rare earth explorer Broken Hill has almost doubled its project space in Arizona, adding an extra 660 hectares
  • The company is looking to raise roughly $1.6 million from shareholders to fund the developments
  • CEO Trangie Johnston said recent work at the project has found new prospective areas to target
  • Broken Hill’s share price is up to four per cent today, with shares currently sitting at 2.6 cents each

Rare earth explorer Broken Hill has almost doubled its project space at La Paz, Arizona.

The company has added an extra 660 hectares of land right next door to the existing project area.

Broken Hill’s CEO Trangie Johnston said recently the explorers have found new prospective rare earth targets at La Paz.

‘”Our initial work on the ground over the last 2 weeks highlighted the sheer potential that exists at La Paz and the identification of a significant extension to the existing NI 43-101 Resource estimate,” Trangie commented.

As detailed structural mapping, sampling and reviewing of historical data have taken place, it has demonstrated higher-grades of rare earths are present.

“The extended zone has been mapped and rock chipped over 0.5 ton of oxide mineralisation collected for metallurgical work programs,” Trangie added.

A share purchase plan has recently been extended by Broken hill, which is looking to raise roughly $1.6 million to help fund developments at the project.

Broken Hill’s share price is up four per cent today, with shares currently sitting at 2.6 cents apiece.

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