(MENAFN- ProactiveInvestors)
() has some material news to come this week in the form of significant drill results from the step out drill program at Maibele North in Botswana.
The ASX has granted the company a trading halt with its shares placed in pre-open.
is free-carried in the drilling by joint venture partner BCL Limited.
Recently BCL advised that it had added an additional 12 step out holes for 4350 metres of new drilling at the joint venture which is on top of the 8000 metres currently in progress.
The drilling program has the potential to increase the resource and confidence levels.
Maibele North currently hosts 2.38 million tonnes at 0.72% nickel 0.21% copper and 0.63g/t 4PGE+Au using a 0.3% nickel cut-off grade.
The halt will remain in place until the opening of trade on Thursday 30th July 2015 or earlier if an announcement is made to the market.
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