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Australian Mines Ltd gets ready to raise after gold discovery

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Australian Mines Ltd (ASX:AUZ) is heading to market, with the ASX granting the company a trading halt to prepare.

Shares in the company last traded at $0.024, which is around four times higher than just one month ago.

The company recently outlined a discovery drill hole of: 10 metres at 8.79g/t gold at its Dixon gold prospect - part of its joint venture with Riedel Resources (ASX:RIE).

The halt will remain in place until the opening of trade on Monday 4th April 2016, or earlier if an announcement is made to the market.

 

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Quick facts: Australian Mines Ltd

Price: 0.0145 AUD

ASX:AUZ
Market: ASX
Market Cap: $57.44 m
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