Firefinch Ltd (ASX:FFX) has been granted a trading halt with an announcement pending in relation to the joint venture for the development of Goulamina Lithium Project.
In its application to the ASX for the halt, Firefinch stated that it was “in relation to the joint venture between the company and a wholly-owned subsidiary of Jiangxi Ganfeng Lithium Co Ltd”.
The halt will remain in place until the start of regular trade on Tuesday, August 17, or until an announcement is released to the market, whichever occurs earliest.
Shares last traded at A$0.57, while the company’s market cap is approximately A$519.2 million.
High-grade gold results at Viper
The company has this week delivered more strong gold assays providing further evidence of the growing strength of the Morila Gold Project in Mali.
The Mali-focused miner has received high-grade results from Viper Deposit, part of the 80%-owned Morila Project.
Firefinch is focused on the Morila Gold Mine that has produced 7.5 million ounces of gold since 2000 and aims to become a mid-tier gold producer in Mali.
The new results coincide with the start of mining operations at Viper after Firefinch fast-tracked pre-mining activities including grade control drilling, site clearing and topsoil removal.