Lindian Resources Ltd (ASX:LIN) recently entered a binding heads of agreement to acquire a 75% farm in interest in the Tanzanian Lushoto bauxite project.
The project has potential to be a direct shipping ore operation.
Lindian has this morning been granted a trading halt by the ASX, pending assay results from the project.
The halt will remain in place until the opening of trade on Monday 4th September 2017, or earlier if an announcement is made to the market.