Frontier Resources Limited (AU:LNR) has released an update.
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Frontier Resources Limited has completed extensive soil sampling at its Lady Grey Lithium Project and plans to drill 50 RC and 193 Air Core holes following a heritage clearance. The company has also secured a farm-in agreement to earn up to a 70% stake in the project, located in a tier 1 lithium district adjacent to Covalent Lithium’s Earl Grey Mine. Additionally, Frontier Resources announced the completion of a $2m capital raise and the sale of PNG assets, enhancing their cash balance.
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