Belmont-based gold and base metals explorer Great Australian Resources Ltd will raise over $3.9 million through the placement of a 19.9 per cent stake in the company to West Perth's Sylvania Resources Ltd.

Belmont-based gold and base metals explorer Great Australian Resources Ltd will raise over $3.9 million through the placement of a 19.9 per cent stake in the company to West Perth's Sylvania Resources Ltd.