(MENAFN- ProactiveInvestors)
(ASX:MUX) has been granted a trading halt by the ASX pending details of a capital raising.
Mungana is focussed on the King Vol zinc project located near Cairns North Queensland.
The project hosts a JORC Resource of 2.99 million tonnes at 11.9% zinc 0.8% copper 29.9g/t silver.
Mungana is aiming to complete a feasibility study by March 2016 with approvals to be completed in parallel.
The halt will remain in place until the opening of trade on Thursday 28th May 2015 or earlier if an announcement is made to the market.
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