Peel Mining Ltd (ASX:PEX) has been granted a trading halt by the ASX, pending details of an exploration update.
Peel is focused on the Mallee Bull project near Cobar in New South Wales, which is a 50:50 joint venture with CBH Resources Limited (CBH).
A recent resource upgrade delivered a 65% increase in total contained copper equivalent tonnes and comprises 6.76 million tonnes at 1.8% copper, 31 g/t silver, 0.4 g/t gold, 0.6% lead and 0.6% zinc for a 2.6% copper equivalent.
The halt will remain in place until the opening of trade on Thursday 19th October 2017, or earlier if an announcement is made to the market.