PolarX Ltd (ASX:PXX) has been granted a trading halt by the ASX pending the release of information regarding a strategic investment in the company.
Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Tuesday 4 June 2019.
READ: PolarX confirms large copper-gold porphyry target in 3D modelling at Alaska Range project
Most recently, PolarX received 3D modelling results confirming that the Saturn prospect is a large, compelling copper-gold porphyry target.
When combined with other key geological features established in earlier exploration, the results are entirely consistent with the presence of a porphyry system.
An IP survey over the Saturn target is planned.
Proactive caught up with PolarX in early April for an update.