Australian-minerals explorer Bligh Resources (ASX:BGH) is heading to market with a material capital raising, and the ASX has granted the company a trading halt to organise.
The company is focused on the near term gold production potential in the Leonora region of Western Australia and manganese exploration projects in both Northern Territory and Western Australia.
Bligh holds a strategic 71.9% interest in SR Mining Pty Ltd, which owns the advanced Bundarra Gold Project in Western Australia as well as a 100% interest in the Leonora Gold Project.
Bligh also has an 80%-100% interest in the Bootu Two Creek Manganese Project in the Northern Territory.
Bligh also has a 100% interest in the Kumarina Manganese projects in Western Australia.
The halt will remain in place until the opening of trade on Wednesday 27th August 2014, or earlier if an announcement is made to the market.
