(Alliance News) - Kore Potash PLC on Friday said trading of its shares has been halted on the Australian Securities Exchange and the Johannesburg Stock Exchange.
The potash exploration and development company said it requested the halt to address questions raised by the ASX relating to certain technical disclosure requirements in its announcement on Tuesday.
Back then, the company reported progress on the development of its potash projects, and said it expects the Dougou extension pre-feasibility study to be completed on budget by April 2020.
In addition, Kore Potash said technical studies of the Dougou extension at the Sintoukola potash project in the Republic of Congo has identified a number of improvements to be made, that could reduce the capital and operating costs of the project compared to the scoping study.
On Friday, Kore Potash said it is currently working with the ASX to resolve their queries and will advise the market of the outcome "as soon as practically possible".
The trading halt will remain until the earlier of an announcement or the opening of trade on ASX and JSE on Tuesday next week.
The stock was untraded in on AIM in London early Friday at 1.15 pence.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.
Kore Potash (KP2)