logo-loader

Pluton Resources to clarify Cockatoo Island Project joint venture

Published: 08:20 12 Aug 2013 AEST

no_picture_pai

Pluton Resources (ASX: PLV) is set to provide an update on the Cockatoo Island Project joint venture, which is a 50:50 venture with Wise Energy Group, and is located off the northern Kimberley coast of Western Australia.

The ASX has granted Pluton a trading halt to organise the update, with the company's shares placed in pre-open.

During the June quarter 2013 six shipments were loaded at the Cockatoo Island operations which had an average grade of 60.08% iron. In total 260,350 tonnes were exported, an increase of 92% on the previous quarter.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 14th August 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

12 hours, 59 minutes ago