Mincor Resources will ramp-up its exploration activities at its Kambalda nickel project near Kalgoorlie after the company announced a $9 million capital raising.

The raising involves a $6 million share placement component and a $3 million share purchase plan.

The shares for both components will be sold at 32 cents each, representing a 14 per cent discount, and the company said it had received strong support from professional and sophisticated investors.

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