The company sees potential to delineate further high-grade mineralisation throughout the Ta Khoa Nickel Project
() has been granted a trading halt by the ASX pending the release of an announcement regarding a proposed capital raising.
The halt will remain in place until the earlier of the start of trading on Monday, September 23, or when the announcement is released to the market.
Notable disseminated nickel sulphide zone at Ban Phuc
The company recently intersected the first ever platinum group element assays in the maiden drilling program at its Ta Khoa Nickel Project in Vietnam.
Initial drilling interested platinum, palladium and gold within the Ban Phuc disseminated nickel sulphide zone, with peak assays up to 3.4% nickel and 2 g/t PGE.
The maiden PGE assays combined with the abundance of disseminated nickel sulphide targets suggest PGEs associated with the sulphide mineralisation could substantially improve Ta Khoa’s economics.
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