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Pluton's Cockatoo Island project.

Pluton to raise $80m through placement

Struggling Perth-based mineral explorer Pluton Resources has announced it intends to raise about $80 million through the issue of about 8 billion shares.

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Broome Kimberley
The high risk nature of Plutons seawall mining operation on Cockatoo Island and the aged shiploading facilities,will ensure that mining costs remain above 55 to 60 dollars per ton.This is a high risk and speculative operation.Plutons plans to mine Irvine Island are also high risk, with Pluton struggling to meet its obligations to the Mayala native title group.

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