Bauxite Resources (ASX:BAU) has lifted the anticipation factor requesting a trading halt in relation to a proposed corporate transaction.
The company requested the halt in trading of its shares until 23 October.
BRL is involved in bauxite exploration in the Darling Range which is the largest bauxite and alumina producing region in the world.
In tandem with its Joint Venture partners including Yankuang Resources and with the Shandong Bureau of Geology and Mineral Exploration, BRL has identified 396.5 million tonnes of refinery grade bauxite.
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