Sign up Australia
Proactive Investors - Run By Investors For Investors

Monax Mining to boost cash position ahead of gold drilling program

Monax Mining to boost cash position ahead of gold drilling program

Monax Mining (ASX:MOX) recently outlined that its maiden drilling program at the Mt Ringwood Gold Project will commence in just over a month.

Drilling will comprise a 10-hole program to target high-grade gold veins.

Monax acquired the project in October 2015, which is located in the Northern Territory.

Rock chip samples have recorded >1,000 g/t of gold at the Great Northern mining leases.

The company is now heading to market with a capital raising, and the ASX has granted a trading halt.

The halt will remain in place until the opening of trade on Wednesday 2nd march 2016, or earlier if an announcement is made to the market.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

View full MOX profile View Profile

Monax Mining Ltd Timeline

Related Articles

February 03 2017
Brad Lingo discussed with investors ELK's assets in the U.S.
Robert Thomson, managing director, Stonewall Resources
May 19 2017
Robert Thomson talked pathway to gold production with investors.
May 15 2017
Kazakhstan's decision to curtail uranium output by 10% from its mines gave a shot in the arm to the sector

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

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