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Majors to fund exploration

Australia-based finance firm PCF Capital reckons the junior sector may be in the early stages of a resurgence on the back of increased cash injections, with the funding to come from the larger miners, rather than the investment community.

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St Barbara has invested in Peel Mining in the first sign of a large-cap-funded junior exploration wave

PCF noted major miners had upped investment into the junior market over the first quarter as they looked to short-cut the exploration lead time after years of underinvestment and the subsequent lack

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