(MENAFN- ProactiveInvestors - Australia) Pegasus Metals (ASX: PUN) is preparing to update the market with an announcement clarifying the impact to the company's McLarty Range project of the plan to establish National Park Status for the Horizontal Falls area in the Kimberly Region on Western Australia.
This was announced by the Western Australian Environment Minister on the 28th January 2013.
Pegasus' shares have been placed in pre-open following the ASX granting the company a trading halt.
The McLarty Range Copper Project is located 250 kilometres north-east of Broome. It covers a
portion of the folded Proterozoic-aged Kimberley Basin.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 31st January 2013.
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