logo-loader

Bellevue Gold enters trading halt ahead of capital raising

Published: 14:28 20 Feb 2019 AEDT

australian dollars
Further resource upgrade slated for the second quarter

Bellevue Gold Ltd (ASX:BGL) has been granted a trading halt by the ASX this morning pending the release of information regarding a capital raising.

Shares in the company will remain halted until the earlier of, either the release of relevant information, or the commencement of trading on Friday 22 February 2019.

READ: Bellevue Gold increases gold deposit to over 1.5 million ounces, shares rise

Earlier this month, the company increased the JORC resource at its Bellevue Gold Project in Western Australia by 47% to 1.53 million ounces grading 11.8 g/t gold.

The upgrade is the result of drilling completed in the December quarter to extend mineralisation of the Bellevue Lode and mineralisation adjacent the underground workings.

 

The drilling at Bellevue Gold Project is ongoing and a further resource upgrade is slated for the second quarter.

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...

5 hours, 13 minutes ago