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Oz junior's new Spanish tungsten inquisition

Rafaella Resources has optioned the Santa Comba tungsten-tin project in north-western Spain for scrip, and has flagged a A$2.6 million capital raising to support studies into the development of a project that has offtake and debt financing and critical mining licences in place, and funders willing to pay a premium to support the junior.

Oz junior's new Spanish tungsten inquisition Oz junior's new Spanish tungsten inquisition Oz junior's new Spanish tungsten inquisition Oz junior's new Spanish tungsten inquisition Oz junior's new Spanish tungsten inquisition

Rafaella Resources believes it can start tungsten mining in the near-term

The company, which listed on the Australian bourse last year, has agreed to secure Galicia Tin & Tungsten from venture capital fund Starboard Global (75%) and Spain's Ulex Resources(25%) for 17.