Clean energy mineral boom

Cashed-up miner spends $7m on Julimar farms as shares skyrocket 2400 per cent

By Michael Sinclair-Jones

TOODYAY is gearing up to be a world player in supplying raw materials for new global clean energy markets after “exceptional” results from recent test drilling for rare precious metals in Julimar.

A report to the Australian Stock Exchange (ASX) suggests Toodyay may be heading for an economic bonanza in new jobs, supplies and corporate community funding.

The discovery has triggered a rush by rival explorers to peg other large areas of Toodyay in the hope of finding similar deposits.

Chalice Gold Mines shares have skyrocketed by more than 2400 per cent since mid-March, bolstered by last month’s announcement that the explorer had bought three Julimar farms for a total of $7 million in cash and a further $7 million in shares.

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