(MENAFN- ProactiveInvestors)
() has been granted an ASX trading halt in relation to the acquisition of mineral exploration licences.
The halt will last until the earlier of the announcement being made or the start of trading on Wednesday 21st January 2015.
Earlier this month it executed a deed of settlement and release in relation to the Borroloola West Project in the Northern Territory with Cliffs Natural Resources (NYSE:CLF).
Under the agreement Cliffs has relinquished and transferred its interest in the project to Pacifico.
The company is now earning up to 51% in the project from ().
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