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Alloy Resources to boost cash for cobalt and gold

The halt will remain in place until Monday 16th October 2017.
The company's shares are in pre-open

Alloy Resources Ltd (ASX:AYR) recently wrapped up a survey at its Ophara Project located 50 kilometres west of Broken Hill in New South Wales.

The aim was to define potential bedrock sulphide conductors that may have Cobalt-Gold-Copper mineralisation similar to the company’s Great Goulburn Prospect and the adjacent Mutooroo and Thackaringa deposits.

Alloy is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 16th October 2017, or earlier if an announcement is made to the market.

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