Andromeda Metals Ltd (ASX:ADN) has a portfolio of projects in Australia, and most recently took full-control of the Rover Copper Gold Project in the Northern Territory.
Historical drill intercepts at Rover include: 55 metres at 3.36% copper and 0.12% cobalt; and 21 metres at 2.33% copper and 0.94g/t gold).
Andromeda is now heading to market with a capital raising to expand exploration, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Friday 27th October 2017, or earlier if an announcement is made to the market.