Peel Mining (ASX:PEX) has been granted a trading halt by the ASX, pending details of a capital raising.
Peel’s projects cover more than 5,000 square kilometres across New South Wales and Western Australia.
The halt will remain in place until the opening of trade on Wednesday 5th April 2017, or earlier if an announcement is made to the market.
Portfolio
- Mallee Bull: An advanced copper polymetallic deposit that remains open in many directions;
- Cobar Superbasin: Farm-in agreement that offers funded strategic greenfields exploration potential along with the new Wirlong copper discovery;
- Wagga Tank: A polymetallic VHMS-type deposit with many significant intercepts;
- Apollo Hill: Exploration project that hosts a major, protruding, shear-hosted, gold mineralised system that remains open down dip and along strike; and
- Attunga: A high grade tungsten deposit.