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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.

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Alloy Resources Ltd Timeline

November 04 2016
October 26 2015

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