Western Desert Resources (ASX:WDR) has been granted a trading halt by the ASX, with its shares placed in pre-open.
WDR requested the halt pending details of the status of the company’s project funding arrangements.
The company is focused on the Roper Bar iron ore mining project in the Northern Territory, and during the June quarter 2014 continued ramp-up of “Pit to Port” logistics chain platform to achieve annualised production run rate of 3 million tonnes per annum during the September 2014 quarter.
Ore Reserve for Stage 1 (DSO) stand at 14.4 million tonnes at 59% iron.
The halt will remain in place until the opening of trade on Friday 5th September 2014, or earlier if an announcement is made to the market.
