logo-loader
view3D Resources Ltd

3D Resources pauses ahead of acquisition of Haiti gold projects

The halt will remain in place until Wednesday 9th August 2017

acquisition-350.jpg
The Haitian government has been working on a new mining code

3D Resources Ltd (ASX:DDD) has been granted an ASX trading halt, as the company requested the pause to provide an update on the acquisition of the Haiti gold projects.

The projects have a combined resource of 740,000 gold ounces, and contained within that resource is a high grade core of oxide ore containing 420,000 ounces.

The halt will remain in place until the opening of trade on Wednesday 9th August 2017, or earlier if an announcement is made to the market.

Why Haiti

In 2014, the Haitian government together with the World Bank began drafting a new mining code that would help open the country to new foreign investment from mining companies.

This new mining code is currently in the final stages of going through the Haitian parliament.

Once signed into law, this new mining code will very likely see a rush of companies to explore and build sustainable and economic mining operations, as has happened in other countries which updated their mining codes.

Quick facts: 3D Resources Ltd

Price: 0.002 AUD

ASX:DDD
Market: ASX
Market Cap: $2.81 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: PowerOre makes transformative move by acquiring land near...

Power Ore (CVE: PORE) CEO Stephen Stewart joined Steve Darling from Proactive in Toronto to discuss the company making a major move picking up land near their current projects in Quebec. Stewart discusses how much they have acquired and what work they are planning to do this year on it.

17 hours, 14 minutes ago

2 min read