Red 5 Limited (ASX:RED) has been granted a trading halt by the ASX pending an update from the company regarding a pit wall movement at the Siana gold project.
The project is situated on the island of Mindanao in the Philippines.
The company recently said that total gold recovered for the June 2015 financial year is expected to exceed 21,000 ounces.
Red 5 had a healthy A$13.3 Million cash balance at end of May 2015.
The halt will remain in place until the opening of trade on Friday 10th July 2015, or earlier if an announcement is made to the market.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.