Sign up Australia
Proactive Investors - Run By Investors For Investors

3D Resources pauses ahead of acquisition of Haiti gold projects

The halt will remain in place until Wednesday 9th August 2017
3D Resources pauses ahead of acquisition of Haiti gold projects
The Haitian government has been working on a new mining code

3D Resources Ltd (ASX:DDD) has been granted an ASX trading halt, as the company requested the pause to provide an update on the acquisition of the Haiti gold projects.

The projects have a combined resource of 740,000 gold ounces, and contained within that resource is a high grade core of oxide ore containing 420,000 ounces.

The halt will remain in place until the opening of trade on Wednesday 9th August 2017, or earlier if an announcement is made to the market.

Why Haiti

In 2014, the Haitian government together with the World Bank began drafting a new mining code that would help open the country to new foreign investment from mining companies.

This new mining code is currently in the final stages of going through the Haitian parliament.

Once signed into law, this new mining code will very likely see a rush of companies to explore and build sustainable and economic mining operations, as has happened in other countries which updated their mining codes.





Register here to be notified of future DDD Company articles
View full DDD profile View Profile

3D Resources Ltd Timeline

Newswire
November 17 2016

Related Articles

Potash West NL's Patrick McManus talks near-term news in Proactive Q&A Sessions™
November 30 2016
Patrick McManus, MD, exclusively joins Proactive Q&A Sessions™.
Nevada2.png
December 07 2016
Tertiary Minerals is the UK's only public traded fluorspar company - a mineral the firm describes as "strategic".
Wayne-Rossiter-photo.JPG
July 28 2017
We are joined exclusively by Wayne Rossiter, CEO, in Proactive Q&A Sessions™.

© Proactive Investors 2017

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