Centaurus Metals (ASX:CTM) is in a trading halt pending a proposed capital raising.
The Company recently increased the Measured Resource at its Jambreiro Iron Ore Project in Brazil.
The JORC Resource estimate, including combined Measured, Indicated and Inferred was increased to 125.2 million tonnes grading 26.7% iron, previously 116.5 million tonnes grading 26.8% iron.
A key change was the significant increase in the Measured component (friable and compact itabirite) to 46.7 million tonnes grading 28.3% Fe including 37.6 million tonnes of friable material grading 28.8% Fe.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.