(MENAFN- ProactiveInvestors)
() has been granted an ASX trading halt in relation to a material capital raising.
The halt will last until the earlier of the announcement being made or the start of trade on Tuesday 26th May 2015.
Earlier this month it started testwork at the recently completed TIVAN pilot plant at CSIRO in Perth to prove the full sequence of hydrometallurgical extraction of vanadium titanium and iron products from the Mount Peake titano-magnetite orebody in the Northern Territory.
A successful pilot plant trial will allow final commercialisation of the improved TIVAN Process.
It is also a key final input into the Mt Peake Feasibility Study which remains on track for completion by mid-year.
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