Norwest Minerals' shares jumped 60 per cent to trade at 7.2 cents on the Australian Stock Exchange after releasing its maiden drilling results from its Bali copper project.
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Kairos Minerals has raised $9 million to fund further exploration activities in the Pilbara on the same day Norwest Minerals pursued its first capital raise.
Shares in Norwest Minerals fell 10 per cent to close its first day of trading at 18 cents each, after the company raised $6.6 million via an initial public offering.