Carbine Resources (ASX:CRB) has received a price and volume query from the Australian Stock Exchange for a rise in the share price from $0.03 cents on 15 July 2014 to an intra-day high of $0.046 cents.
The company said it was not aware of any information that would explain the rise.
A Scoping Study and Phase 2 testwork underway are underway at its Mount Morgan gold and copper project in Queensland. The study aims to be completed in the December 2014 quarter.
A drill program is also underway at Mount Morgan to both upgrade the confidence of existing JORC resources and also convert current exploration targets to JORC resources.
Carbine acquired the rights to the 1Mtpa Kundana CIP plant when it bought the Mount Morgan project.
It also had a tidy cash balance of $5 million at June 30.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
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Mkt cap ! $5.959M |
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0.006 | 8194515 | 6 |
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