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Egan Street Resources lifting funds for one of Australia's highest grade gold projects

The halt will remain in place until Friday 15th September 2017.
A map of Australia
The company's shares are in pre-open

Egan Street Resources Ltd (ASX:EGR) floated this time last year at $0.20, and the last traded price of $0.275 provides a 38% premium.

The company is developing the wholly-owned Rothsay Gold Project, which is located on granted mining leases in Western Australia.

The project has a rich history of high-grade gold production, and hosts a resource of: 701,000 tonnes at 11.6g/t gold for 262,000 gold ounces.

A Definitive Feasibility Study is targeted for the March quarter 2018.

The halt will remain in place until the opening of trade on Friday 15th September 2017, or earlier if an announcement is made to the market.

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Egan Street Resources Ltd Timeline

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April 09 2018
The market hasn’t fully appreciated the company’s strong market connection with JV partner Cobalt Blue Holdings Ltd.

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