Argonaut Resources NL (ASX:ARE) has been granted a trading halt by the ASX.
The halt was requested due to the release of upcoming information regarding the outcome of an application by the Torrens Joint Venture under the South Australian Aboriginal Heritage Act.
The trading halt will end on the earlier of the commencement of normal trading on Monday 19 February 2018 or the release of the relevant information to the market.
READ: Argonaut Resources shares continue to run, more news flow from Torrens Project expected
The Torrens Copper Project in South Australia has been a catalyst for the improved share prices.
The project hosts the large-scale Torrens anomaly that has been likened to the nearby Olympic Dam deposit.
READ: Argonaut Resources issues 1 million shares after exercising options
Argonaut is a 30% partner in the Torrens Joint Venture with Aeris Resources Ltd (ASX:AIS) holding 70%.
The company’s subsidiary, Kelaray Pty Ltd, is managing the joint venture.