Proactive Investors - Run By Investors For Investors

Kin Mining in trading halt ahead of capital raising news

The company’s securities are in a trading halt until Wednesday, June 19, or when an announcement is made to the market.
Core from Cardinia project
Kin Mining is a west Australian gold development and exploration company

Kin Mining NL (ASX:KIN) has been granted a trading halt by the ASX ahead of a capital raising announcement.

The trading halt will remain in place until the beginning of trade on Wednesday, June 19, or when an announcement is made to the market, whichever occurs earliest.

Kin's securities last traded at 5.8 cents.

READ: Kin Mining uses recent drilling to update gold resource at Cardinia

In April the company updated the JORC-compliant resource for its Cardinia Gold Project in Western Australia to 782,000 ounces grading 1.41 g/t gold.

The project's 16 deposits were reviewed and other factors considered such as the gold price of $2,000 per ounce rather than $2,200 per ounce in the former estimate.

Other factors were updated optimisation parameters including revised open pit wall angles, test work derived metallurgical recoveries and updated 2019 mining and processing costs.

READ: Kin Mining receives positive Cardinia gold results with resource update on the way

Kin Mining also received positive drilling and metallurgical test work results as part of an ongoing assessment of development proposed at the Cardinia project near Leonora.

Diamond drilling at the Bruno-Lewis deposits focused on testing the north-trending main contact, northwest trending Bruno lodes and Lewis potassic alteration zones.

View full KIN profile View Profile

Kin Mining NL Timeline

Related Articles

The central processing plant for Lance Uranium Projects
March 25 2019
The Australian USA-uranium producer is targeting lower cost extraction methods at its project.
Fort Cady Borate Project in Southern California
March 11 2019
The company has a strategic cooperation agreement with a borate consumer subsidiary of Sinomach.
Inspection at Cangai property
April 28 2019
The company has the Cangai Copper Project in northern NSW as its flagship asset.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use