Pacific Bauxite to raise capital for its bauxite project
Pacific Bauxite Limited, an Australian mineral explorer with a focus on bauxite exploration, mining and production, has identified three large high-grade bauxite reserves at the South West New Georgia Bauxite Project in the Solomon Islands for mining, reported by Proactive Investors.
For this, Pacific Bauxite is going to raise capital from the market, and the ASX has granted a trading halt to prepare. This halt will be effective till the trading resumes on Tuesday 12th September 2017.
The Company has investments in bauxite projects in the Solomon Islands and aims to expand its project portfolio to include Malaysian mining operations. Pacific Bauxite acquires and develops high-value, low-cost bauxite opportunities close to Asian Markets.
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