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Fitzroy Resources to reveal new project acquisition

Published: 18:00 11 Aug 2013 EDT

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Fitzroy Resources (ASX: FRY) is preparing to reveal details of a potential acquisition of a new resources project, with the company granted a trading halt by the ASX - with its shares placed in pre-open.

Currently the company is focused on the Rookwood project near Rockhampton in Queensland, which contains the Develin Creek Resource estimated at 1.75 million tonnes at 1.7% copper, 2.1% zinc, 8.5ppm Ag and 0.24ppm Au.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 14th August 2013.

 

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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