Juniors see the money flow

May 27, 2020 | News

Pictured: Alpha HPA Managing Director Rimas Kairaitis

A quick scan of the ASX today showed a willingness from investors to back junior companies in an array of activities with a number of handy capital raisings in progress.

Rox Resources Ltd $12.7 million (gold and nickel, Western Australia); Silver Mines Ltd $12 million (silver and gold, New South Wales); Kingston Resources Ltd $8.4 million (gold, WA and PNG); Core Lithium $7 million (lithium, Northern Territory) and Alpha HPA Ltd $7 million (HPA, Queensland) can now take their respective projects to the next step with some degree of certainty having funding available.

Traditionally, the end of May and June is a quiet time of the year, but 2020 so far is like nothing ever experienced and time will tell if positive sentiment in the mining sector tails off or not.