Join our daily newsletter At The Bell to receive exclusive market insights
- 3D Resources (DDD) has entered a trading halt for the purpose of an upcoming capital raising
- The company will remain in the halt until May 31 or when an announcement is made
- A few days ago, 3D Resources announced it is set to begin a reverse circulation (RC) drilling program at the Challenger Gold Project
- Beginning in June, up to 2000 metres of RC drilling will be completed to target areas around the proposed open-cut mine
- To help with this upcoming work, Ashley Bennett has been appointed exploration manager
- Shares in 3D Resources last traded at 0.5 cents on May 25
3D Resources (DDD) has entered a trading halt for the purpose of an upcoming capital raising.
The company will remain in the halt until the earlier of May 31 or when an announcement is made.
3D Resources is yet to disclose how much it intends to raise or what it will use the funds for.
A few days ago, 3D Resources announced it is set to begin a reverse circulation (RC) drilling program at the Challenger Gold Project.
Beginning in June, up to 2000 metres of RC drilling will be completed to target areas around the proposed open-cut mine.
3D Resources also revealed it has received permission from the NSW Government to undertake additional drilling.
The company is now able to explore targets at its Donkey Hill, Sawpit, Gibralter and Lady Clare projects.
To help with all this upcoming work, Ashley Bennett has been appointed exploration manager.
Shares in 3D Resources last traded at 0.5 cents on May 25. The company has an $18.10 million market cap.
