Comet Resources raises $1 million in placement to support exploration in Australia and Mexico Funds will primarily be used at the Barraba Copper Project with exploration to be expanded to include two historic mine areas. The placement is priced at a 10% discount to the last closing price of Comet shares on February 4 Comet Resources Ltd (ASX:CRL) has received commitments for a placement to raise $1 million, bringing several new strategic shareholders to the register and providing additional cash to support exploration activities at projects in Australia and Mexico. This will enable Comet to expand its exploration scope at the Barraba Project in NSW to include further exploration at the historic Murchison Mine in addition to planned exploration works at the historic Gulf Creek mine.