Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: BFE
Latest Price: A$0.08  (0,00%)
52-week High: A$0.16
52-week Low: A$0.08
Market Cap: A$12.63M
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Black Fire Minerals
www.blackfireminerals.com.au

Black Fire Minerals' (ASX: BFE) corporate strategy includes a Mining House structure that allows both direct participation in and investment within the resources industry. The company's primary commodity focus is gold, copper and strategic minerals.

 

Black Fire currently has three active projects, the Longonjo Rare Earth (REE) Project in Angola, the Mystique Gold JV in Western Australia and the Karibib Lithium Project in Namibia, and is actively assessing new opportunities in Australia, Asia, the Americas and Africa.

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Black Fire Minerals in pre open pending Kangeshi Copper Project announcement

19th Jan 2012, 3:02 am

Black Fire Minerals (ASX: BFE) has a material announcement pending regarding the Kangeshi Copper Project, and therefore the company has been granted a trading halt by the ASX, with its shares placed in pre-open.

Black Fire has not yet elaborated any further on the project, but Kangeshi is an advanced project in the Democratic Republic of Congo, and hosts an exploration target of 25-35 million tonnes at 0.8-1.2% copper and 15-20g/t silver.

This target is based on nine broadly spaced diamond holes drilled by Vale in 2008, and highlighting the potential of the project, another five other prospects yet to be assessed.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 23 January.

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