- Metalicity (MCT) enters into a trading halt as the company awaits fresh funds
- Trading in shares will be paused until Tuesday, May 3 or until the company releases more details in regards to its capital raising
- Earlier this week, the company completed its aircore and reverse circulation drill program at the Kookynie gold project in Western Australia
- It has now expanded this program after diamond drilling extended the Leipold and McTavish host structures
- Shares in MCT were last trading at 0.7 cents each
Metalicity (MCT) has entered into a trading halt as the company awaits fresh funds.
Trading in shares will be paused until Tuesday, May 3 or until the company releases more details in regards to its capital raising.
It is unknown how much the company is looking to raise or where it is planning on directing the funds.
The company is focussed on gold exploration, with two projects located in the Leonora area in Western Australia. It also has the Admiral Bay zinc project in the Kimberly region
Earlier this week, the company completed its aircore and reverse circulation drill program at the Kookynie gold project.
It has now expanded this program after diamond drilling extended the Leipold and McTavish host structures. Intersections were consistently recorded at a depth of up to 70 metres.
The company believes follow up drilling at the prospects will provide advantageous results.
Shares in MCT were last trading at 0.7 cents each.