Pilbara Minerals (ASX:PLS) recently outlined a new discovery of lithium-tantalite mineralisation at its Pilgangoora Spodumene-Tantalite Project, which is located near Port Hedland in Western Australia.
The market has liked the company's progress in 2015, with the shares last trading at $0.28, after a recent high of $0.41.
Six months ago shares were trading at circa $0.05.
Pilbara Minerals has now been granted a trading halt by the ASX pending details of a placement.
The halt will remain in place until the opening of trade on Tuesday 24th November 2015, or earlier if an announcement is made to the market.
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