Comet Resources Ltd
Comet Resources Ltd (ASX:CRL) is listed on the Australian Securities Exchange.
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Comet Resources enters trading halt ahead of capital raising
Comet Resources Ltd (ASX:CRL) has been granted a trading halt by the ASX pending the release of information regarding a capital raising.
Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Tuesday 25 June 2019.
Earlier this week, Comet identified a large graphite exploration target adjacent to the existing resource at the Springdale Graphite Project.
With the new target appearing to be a repeat of the graphite-bearing stratigraphy that hosts the resource, Comet is confident of building on the Springdale asset.
The project already has an inferred resource of 15.6 million tonnes at 6% Total Graphitic Carbon (TGC), including a high-grade portion of 2.6 million tonnes at 17.5% TGC.
Proactive caught up with Comet in May 2019 for an update.
Other Comet Resources Ltd news
- Comet Resources progresses due diligence for proposed Santa Teresa Gold Project acquisition
2020-07-02 - Comet Resources capital raising reaffirms support for Barraba Copper Project acquisition
2020-04-16 - Comet Resources halted with capital raising announcement pending
2020-04-09 - Comet Resources expects exploration-based news flow shortly
2019-09-30 - Comet Resources appoints experienced industry executive Philippa Leggat as CEO
2019-05-01
