(MENAFN- ProactiveInvestors)
Gold-explorer () is preparing to reveal details of a significant capital raising with the ASX granting the company a trading halt to prepare.
Bligh is predominately focussed on the Bundarra Gold Project in Western Australia which has historically been mined between 2000 and 2002 by Sons of Gwalia.
Production was 1.7 million tonnes at 2.15g/t for 115000 gold ounces.
Current resources are 6.8 million tonnes at 2.0g/t for 426000 gold ounces. This is comprised of: Inferred 182000oz Indicated 218000oz and Measured 26000oz.
The halt will remain in place until the opening of trade on Monday 30th November 2015 or earlier if an announcement is made to the market.
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