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Cove Resources has Scoping Study results on the table, halt granted pending release

Cove Resources has Scoping Study results on the table, halt granted pending release

Cove Resources (ASX: CVE) has some potentially very interesting news on the horizon with the company granted a trading halt by the ASX pending the release of a Scoping Study.

Cove has not yet indicated the project for the study, but earlier in the month the company acquired the advanced stage Koivu Titanium Project in Finland for a total consideration of €9 million (A$11.2 million) - and said a Scoping Study was due within weeks.

Koivu hosts five titanium deposits with a combined JORC Indicated and Inferred Resources of 68.7 million tonnes at 7.5% titanium dioxide (TiO2), which equates to over 5 million tonnes of contained TiO2.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 24th July.

 

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