AusQuest Limited (ASX: AQD) has been granted an ASX trading halt as it prepares to update on a capital raising.
The halt will last until the earlier of the announcement being released, or the start of trade on Monday 14th October 2013.
The company is moving towards drilling some highly prospective nickel and copper targets at its wholly-owned Dundas project that is located 80 kilometres south of Sirius Resources’ (ASX: SIR) Nova-Bollinger discovery in the Fraser Range, Western Australia.
Clearance surveys have been completed over three high priority drill targets identified by fixed loop electromagnetic surveys at Dundas, with the drilling program set to kick off in the current quarter.
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