Boadicea Resources Managing Director Jon Reynolds chats with Stockhead about the next phase in the company’s development history. The raising of $2.98 million will accelerate exploration and advance business development activities.

Boadicea Resources Managing Director Jon Reynolds tells Proactive's Andrew Scott of the company undertaking a fully underwritten renounceable rights issue to raise up to $2.98 million to accelerate exploration and advance business development activities. He says the funds raised will provide a solid financial base to explore the company’s highly prospective gold, copper and nickel exploration prospects.

Proactive Investors reports Boadicea Resources Ltd (ASX:BOA) is undertaking a fully underwritten renounceable rights issue to raise up to $2.98 million to accelerate exploration and advance business development activities.

Boadicea’s capital raising of $2.98 million will be used to fund exploration activities in two of Australia’s hot destinations - the Paterson Province of Western Australia and Drummond Basin of Queensland. Stockhead reports on Boadicea’s capital raising endeavours.

Boadicea Resources Managing Director Jon Reynolds outlines the company’s program of works in an interview with Stockhead’s Garimpeiro columnist Barry Fitzgerald. Listen to the interview and gain insights into a company that has a great upside story in the making.

Boadicea has been reported by highly-respected mining industry journalist Barry Fitzgerald as one of five explorers who have the potential of a decent nickel discovery which could ramp up the share price regardless of the daily, monthly or quarterly nickel price moves.

Boadicea Resources has appointed experienced geologist Graeme Purcell to the board as a non-executive director. Graeme Purcell is a highly regarded geologist who has been a part of a number of important mineral discoveries within Australia and overseas.

Stockhead news has begun coverage of Boadicea Resources. Boadicea’s most prominent news flow is expected from Symons Hill drilling by IGO and exploration work by Boadicea Resources at the Koongulla Project in the Paterson Province.

This week’s Stockhead news reports on Antipa’s Minyari Dome Project which is being compared to the Newcrest-Greatland Gold JV Havieron gold-copper project. Could Boadicea’s Koongulla be another Telfer-like dome discovery?

Boadicea Resources Ltd (ASX:BOA) has welcomed IGO Ltd's (ASX:IGO) planned diamond drilling program at the Orion extension within Boadicea's Symons Hill licence in Western Australia, scheduled for May-June. IGO will be testing for extensions from known nickel mineralisation.