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Thundelarra flags capital raising

Drilling by Sandfire Resources in the Doolgunna region. Picture: Tim Lewis.

Shares in Thundelarra Resources have been placed in a trading halt pending an announcement about a capital raising.

Shares in the explorer have spiked in recent weeks to a three-year high of 36 cents over high grade copper hits at its Red Bore prospect in the Doolgunna region near Meekatharra.

Thundelarra shares last traded yesterday for 23.5 cents.