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Rox Resources Limited

Rox Resources in trading halt with material project acquisition news pending

The trading halt will remain in place until Wednesday, April 10, or when an announcement is released.

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Rox is seeking a property with “near-term commercialisation potential”.

Rox Resources Limited (ASX:RXL) is in a trading halt with an announcement pending regarding a material project acquisition.

The company’s securities will remain in a trading halt until the start of trade on Wednesday, April 10, or when an announcement is released to the market, whichever occurs earliest.

Shares last traded at 0.8 cents.

READ: Rox Resources hunts pre-development projects as it focuses on gold assets

The company is focusing its exploration efforts on the Mt Fisher Gold Project and Collurabbie Nickel-Copper-PGE-Gold Project in Western Australia.

Rox’s new chief executive officer Alex Passmore last month told Proactive Investors that the company was looking for a new gold, silver, copper or zinc project with “near-term commercialisation potential”.

He said: “There’s been a raft of new projects that we’ve started to look at that are different to the previous management team.

“The company is looking to further its existing projects but also to look at different projects, maybe more advanced projects that require a more financing and feasibility skill set.

“There’s been over a hundred assets we’ve looked at in the last year – we continue to be very actively looking for assets that offer shareholder value and that strategic fit in the pre-development stage.”

Quick facts: Rox Resources Limited

Price: $0.03

Market: ASX
Market Cap: $33.57 m
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