Total
0
Shares
Rafaella Resources (ASX:RFR) - Managing Director, Steven Turner
Managing Director, Steven Turner
Source: Rafaella Resources
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Rafaella Resources (RFR) has begun the week in a trading halt ahead of an upcoming capital raise
  • So far, it is unknown how much the company is aiming to raise and where the funds will be spent
  • Under the halt, Rafaella shares will be paused until Wednesday, December 23, or when more information is released to the market
  • Last week, the company identified significant copper, gold and silver targets at the McCleery Project in Canada
  • Rafaella last traded for 6.6 cents on December 18

Rafaella Resources (RFR) has entered into a trading halt at the start of the week as it plans to raise capital.

Currently, there is no information on how much the company is aiming to raise and where the funds will be spent.

Company shares will be paused until Wednesday, December 23, or when more information is released to the market.

Rafaella is a global developer and explorer of world-class mineral deposits.

Last week, the company identified significant copper, gold and silver targets at the McCleery Project in Canada.

Throughout September, Rafaella’s geological consulting team, Aurora Geosciences, conducted an exploration program at the project. This work confirmed the presence of polymetallic, copper-silver-cobalt-gold.

Earlier this week, Rafaella released its pre-feasibility study (PFS) for its Santa Comba Tungsten and Tin Project in Spain. The PFS has given the project a proven and probable ore reserve of 4.59 million tonnes at a 0.148 per cent tungsten (WO3) grade.

The project is expected to cost US$7.1 million (around A$9.3 million), but the PFS has suggested that payback could be achieved within five months.

Rafaella last traded for 6.6 cents on December 18.

RFR by the numbers
More From The Market Herald
Cannon Resources (ASX:CNR) - CEO, Steve Lynn

" Cannon Resources (ASX:CNR) enters first trading halt since ASX listing

Cannon Resources (CNR) has entered a trading halt while it plans the details of an upcoming capital raising.
AD1 Holdings (ASX:AD1) - Non Executive Chairman, Andrew Henderson

" AD1 Holdings (ASX:AD1) halts shares ahead of fundraise

AD1 Holdings (AD1) is considering raising more capital after placing its securities in a trading halt on the ASX.
Peak Minerals (ASX:PUA) - Principal Geologist, Barbara Duggan

" Peak Minerals (ASX:PUA) eyes additional capital

Peak Minerals (PUA) has entered a trading halt pending an announcement to the market regarding a capital raise.

" Allegiance Coal (ASX:AHQ) enters trading halt as it plans capital raise

Allegiance Coal (AHQ) has entered the day into a trading halt while it plans an upcoming capital raise.