(MENAFN- ProactiveInvestors - Australia) Marathon Resources (ASX: MTN) is in the process of finalising negotiations and concluding an agreement concerning the company's future operations, with shares placed in an ASX trading halt today.
The company has been focused on refining its broad business direction in recent months.
Marathon's historical core business was uranium exploration and development in South Australia, however with the uranium market still recovering post-Fukushima, Marathon has made the decision to head down a different path.
The company still plans to remain in mineral exploration and is currently investigating potential prospects in Australia.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 6th February 2013.
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