Rox ResourcesLtd. said July 25 that it is raising about A$1.0 million to followup on "very strong" targets generated at the nickel project inWestern Australia.
The company is placing 55.5 million shares at 1.8 centsapiece. Proceeds will also go toward general working capital.
Rox Resources is focused on further expanding containing 78,000 tonnesof nickel at Fisher East.