Namibian Copper (ASX:NCO) has been granted an ASX trading halt relating to a capital raising.
The halt will last until the earlier of the announcement being made or the commencement of trade on Thursday, 31 July 2014.
The company holds the Ongombo copper project in Namibia that has a JORC Measured and Indicated Resource of 6.7 million tonne at 1.5% copper, 8 grams per tonne silver and 0.3g/t gold and an Inferred Resource of 3.8Mt at 1.7% copper, 0.9g/t silver and 0.3g/t gold.
An independent Scoping Study completed in 2013 by Coffey Mining in Johannesburg suggests that the project has potential to be developed as an underground mining operation.
Drilling to date has not delineated the full extent of the Ongombo deposit.
It has also conditionally acquired the Kojeka Licence in Namibia.
Mineralisation at Kojeka is hosted by shales of the Klein Aub Formation, a known prospective unit that contains numerous occurrences of copper mineralisation.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.351M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130418 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1500000 | 1 |
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| Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
| AU1 (ASX) Chart |
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