SAT stratos resources limited

News: Stratos Resources heads to the market for funds

  1. Stratos Resources (ASX:SAT) is currently pursuing the acquisition and development of the Yinchen tin project in Indonesia.

    The project is strategically located in the Bangka/ Belitung tin production area of the country.

    Indonesia has a very strong history of tin mining, and is the largest exporter of tin globally, accounting for over 30% of the world's tin production.

    Yinchen consists of a 60% interest in 11 production IUPs covering 1,200 Ha of onshore deposits on Belitung Island.

    Stratos plans to develop the project on a 50/50 basis in conjunction with its partner, Tennant Metals, which are an international commodities trading house.

    Stratos has today been granted a trading halt by the company, with its shares placed in pre-open.

    The halt will remain in place until the opening of trade on Tuesday 16th September 2014, or earlier if an announcement is made to the market.

     

 
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