18 JULY 2014www.proactiveinvestors.com.au
Aziana shares lift on bauxite and graphite
Edited by : AL CIRCLE
1 min read
Aziana shares have jumped up to 65% today to an intraday high of $0.033, from a $0.02 close yesterday.
Shares last traded at $0.03.
After today's rise the company is capitalised at around $6 million and holds almost $3 million in cash following the sale of non-core graphite and gold leases in Madagascar.
Aziana sold its non-core assets to focus funds on its flagship Antanisoa Graphite and Manantenina Bauxite projects, and recently revealed that "one or more" parties had expressed interest in partnering with the on its key assets.
The Manantenina Bauxite is the largest undeveloped Indian Ocean-based bauxite deposit with potential for 120-160 million tonnes at 35-45% available alumina and less than 2% reactive silica.
Shares last traded at $0.03.
After today's rise the company is capitalised at around $6 million and holds almost $3 million in cash following the sale of non-core graphite and gold leases in Madagascar.
Aziana sold its non-core assets to focus funds on its flagship Antanisoa Graphite and Manantenina Bauxite projects, and recently revealed that "one or more" parties had expressed interest in partnering with the on its key assets.
The Manantenina Bauxite is the largest undeveloped Indian Ocean-based bauxite deposit with potential for 120-160 million tonnes at 35-45% available alumina and less than 2% reactive silica.
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