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Explaurum to boost cash position ahead of gold resource upgrade

Published: 09:23 27 Jul 2017 AEST

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A resource upgrade is pending

Explaurum Ltd (ASX:EXU) remains focused on the Tampia Gold Project in Western Australia, which hosts a historical Inferred resource 4.7 million tonnes at 2.0g/t gold for 310,000 ounces.

A significant resource upgrade is due in August 2017 based on 36,000 metres of drilling over 300 holes.

Explaurum is now heading to market with a capital raising, with the ASX granting a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 31st July 2017, or earlier if an announcement is made to the market.

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