viewBreaker Resources NL

Breaker Resources NL to lift cash balance following Kalgoorlie gold discovery

The halt will remain in place until Friday 25th August 2017.

Breaker shares are in pre-open

Breaker Resources NL (ASX:BRB) has been a standout performer on the ASX over the past year, with its shares recently hitting a high of $0.80, pushing the company into the $100 million market cap club.

The valuation is four times higher than a year ago, and driving the positive re-rating has been a greenfields gold discovery hidden by thin transported cover 100 kilometres east of Kalgoorlie.

Drilling highlights include: 7 metres at 61.78g/t gold; and 9 metres at 53.29g/t gold, supported by broader widths of: 24 metres at 7.75g/t gold; and 19 metres at 7.56g/t gold.

Drilling is underway with four rigs, and a maiden resource is planned by the end of 2017, providing the company with strong news flow.

Breaker has this morning entered a trading halt, pending details of a capital raising.

The halt will remain in place until the opening of trade on Friday 25th August 2017, or earlier if an announcement is made to the market.

Quick facts: Breaker Resources NL

Price: 0.215 AUD

Market: ASX
Market Cap: $49.73 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Bulls, Bears and Brokers: Alto Capital’s Tony Locantro picks five...

Alto Capital investment manager and stock market commentator Tony Locantro speaks to Proactive about the stock markets reaction to the Dow Jones crash as well as the top five investments to look out for this week.  Locantro also provides his views on the real-estate markets'...

5 hours, 53 minutes ago

2 min read