Nemex Resources (ASX:NXR) is preparing to provide an update with...

Nemex Resources (ASX:NXR) is preparing to provide an update with respect to the company’s investment in Wavefront Biometric Technologies Pty Ltd (WBT).

During the March quarter 2015 Nemex increased its interest in WBT to 40% following successful completion of the Phase 2 technology development program.

Phase 3 of the development program is focussing on further improving performance of the multi-biometric system.

The halt will remain in place until the opening of trade on Wednesday 10th June 2015, or earlier if an announcement is made to the market.