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DMC Mining closes $2.2m exploration expenses IPO

West Perth-based base metals exploration company DMC Mining Ltd will close its $2.2 million initial public offer today, with money raised to go towards the acquisition and exploration of its tenements in New South Wales and Western Australia. The company has the option to acquire 80 per cent of the Tumut project, an advanced base metals project in New South Wales, as well as acquiring the Capricorn greenfields base metals project in Western Australia.

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