Carbine Tungsten (ASX:CNQ) has been granted a trading halt by the ASX this morning, pending details of a capital raising.
The halt will remain in place until the opening of trade on Wednesday 22nd March 2017, or earlier if an announcement is made to the market.
The new estimate saw the total resource at Manica raised by 36% to 1.257mln ounces compared to a previous estimate
As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals
All diamond drill holes have intercepted high-grade spodumene mineralisation.