Lindian Resources (ASX: LIN) is in pre-open this morning following the ASX granting the company a trading halt pending an exploration update.
Lindian is focused on gold and copper in the Philippines, with the company's flagship project known as Masapelid.
The tenements of the Masapelid project cover all of Masapelid Island, and at the Layab Prospect low grade copper has been identified at the Layab Porphyry.
The Sabang Prospect has multiple high grade gold veins cutting through a copper enriched supergene zone of mineralisation from surface.
Lindian has around $3 million in cash.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 12th December.
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