Millennium Minerals (ASX: MOY) has been granted a voluntary suspension by the ASX pending the release an announcement regarding the company’s future financing arrangements.
Millennium is currently advancing towards production at the Nullagine Gold Project, with commissioning scheduled to start in the September quarter this year, and production expected the following quarter.
The company recently boosted Reserves at the project, in Western Australia, by 31% to 741,000 ounces of gold.
Nullagine also hosts JORC Resources of 34.68 million tonnes at 1.19 grams per tonne gold for 1.33 million ounces of gold, of which 62% is contained within the Golden Eagle deposit.
Millennium said that it expects the period of voluntary suspension will last for no more than two trading days.