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  • Apollo Minerals Appoints Chris Anderson As Special Advisor 0 comments
    Apr 9, 2013 10:48 PM

    Apollo Minerals (ASX: AON) has appointed Chris Anderson, with over 35 years in mineral exploration in Australia and abroad, as a special advisor to the board of directors.

    Anderson brings recent experience that includes an instrumental role in the 2005 discovery of the Carrapateena iron-oxide, copper-gold-uranium prospect in South Australia, currently being developed by Oz Minerals (ASX:OZL).

    His earlier experience includes acting as Placer Pacific's Exploration Manager for Eastern Australia, where he was instrumental in the discovery of the Kalkaroo copper-gold-molybdenum deposit in South Australia.

    Anderson's international experience includes recent geophysical interpretation in Zambia for Equinox Resources Ltd., and in Tanzania for North Mara Gold Mines, where he contributed to the discovery of the one million ounce Gokona gold deposit.

    Oversubscribed capital raising

    Apollo received an overwhelming response to its recent $1 million Share Purchase Plan with subscriptions for $2.27 million worth of shares.

    Funds raised from the SPP and the placement will be used for:

    - Initial drilling of the Acacia East Base Metals Prospect;
    - Acquiring electromagnetic and gravity data over similarly prospective ground elsewhere on the Titan Base-Precious Metals Project;
    - Drill testing of possible high grade iron ore mineralisation; and
    - Increase working capital.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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