Join our daily newsletter At The Bell to receive exclusive market insights
- BPM Minerals (BPM) ends the week in a trading halt ahead of a capital raise
- So far, it is not known how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Tuesday, April 5, or when further details about the raise is released to the market
- BPM is getting ready to drill at its Hawkins lead and zinc project, which included 7500 metres of air core and reverse circulation drilling over a 40-kilometre strike
- On the market, BPM last traded at 21.5 cents per share
BPM Minerals (BPM) has ended the week in a trading halt ahead of a capital raise.
It is currently not known how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Tuesday, April 5, or when further details about the raise are released to the market, whichever one comes first.
BPM is an emerging West Australian gold and base metals explorer.
The company is getting ready to drill at its Hawkins lead and zinc project, which included 7500 metres of air core and reverse circulation drilling over a 40-kilometre strike.
Drilling at the project aims to test for a potentially large lead-zinc-silver mineralised footprint.
BPM has completed the heritage survey at Hawkins, which has not changed the upcoming drilling program.
The company is also planning further drilling at its Santy gold project and is awaiting assay results from its Nepean nickel-gold project.
While over at its Claw gold project, the aeromagnetic survey has been completed.
On the market, BPM last traded at 21.5 cents per share.
