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Kidman raises cash for WA lithium, gold exploration

ASX-listed Kidman Resources is raising $21-million to accelerate an exploration programme at its Mount Holland project, including comprehensive drilling programmes at the Earl Grey lithium deposit and the Blue Vein gold deposit, in Western Australia. The miner issued 73.7-million fully paid ordinary shares at 28.5c apiece and noted on Wednesday that it was heavily oversubscribed, reflecting strong support for its projects.