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Meteoric Resources in trading halt ahead of potential acquisition

The priority target within Meteoric’s cobalt portfolio is the Joyce Copper-Cobalt-Gold Project in western Ontario.

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Meteoric is expecting drilling assays from Joyce

Meteoric Resources NL (ASX:MEI) has been granted a trading halt by the ASX pending release of an announcement regarding a potential acquisition.

Shares in the company will remain halted until the earlier of, the release of relevant information, or, the commencement of trading on Tuesday 19 March 2019.

Meteoric is developing a portfolio of cobalt assets in Canada’s Ontario province with a program of systematic exploration.

READ: Meteoric Resources focuses on Canadian cobalt assets with view to expandportfolio

The priority target within Meteoric’s cobalt portfolio is the Joyce Copper-Cobalt-Gold Project in western Ontario.

An eight-hole diamond drilling program for 500 metres was started in January with initial samples submitted for analysis.

The company also holds interest in several joint venture projects in northern Australia, which are prospective for kimberlite, gold and copper.

Quick facts: Meteoric Resources NL

Price: 0.0265 AUD

ASX:MEI
Market: ASX
Market Cap: $29.74 m
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