Sign up Australia
Proactive Investors - Run By Investors For Investors

Alloy Resources to boost cash for cobalt and gold

The halt will remain in place until Monday 16th October 2017.
Alloy Resources to boost cash for cobalt and gold
The company's shares are in pre-open

Alloy Resources Ltd (ASX:AYR) recently wrapped up a survey at its Ophara Project located 50 kilometres west of Broken Hill in New South Wales.

The aim was to define potential bedrock sulphide conductors that may have Cobalt-Gold-Copper mineralisation similar to the company’s Great Goulburn Prospect and the adjacent Mutooroo and Thackaringa deposits.

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

The halt will remain in place until the opening of trade on Monday 16th October 2017, or earlier if an announcement is made to the market.

View full AYR profile View Profile

Alloy Resources Ltd Timeline

Newswire
November 04 2016
Newswire
October 26 2015

Related Articles

shutterstock_157865516-001_580d4502e2d04.jpg
October 24 2016
These mid-program results demonstrate the potential the Wa Gold Project has to host shallow gold mineralisation.
Chaarat-Gold-view-of-mountains.jpg
February 17 2017
Chaarat is progressing with economic studies at the Tulkubash project in Kyrgyzstan and will look to raise finance shortly
Bjorkdal.jpg
April 14 2017
In the three months to March 31 this year, Mandalay produced 32,481 ounces of gold equivalent from the three mines

© 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