Exploration company Jaguar Minerals has raised $1.65m to finance the exploration of its base and precious metal projects in Colombia, in addition to an existing joint venture scheme in Australia.

The mineral exploration firm also announced the completion of the acquisition of Australian exploration company West Rock Resources, the owner of one fully granted tenement covering a total area of nearly 1,998ha, in Colombia’s Southern Antioquia region, reported Proactive Investors Australia.

Meanwhile, Jaguar is also set to change its name to Pacifico Minerals on 20 August 2013.

Jaguar Minerals operates projects in Western Australia, Tasmania and New South Wales.