This trading halt is likely the ASX JORC squad who are not happy with the release of an inferred resource without a JORC table 1 or 2 ("additional information").
Oh dear oh dear, could be except if we are getting pedantic the announcement did say the trading halt was requested by the company, not the ASX. But yeah that was my first thought when reading the announcement, particularly concerned by their issue of tabled results followed by this:
In the case of Morne Bossa, on review of the historical drilling, some of early diamond drilling by the UN had resulted in highcore loss, and while subsequent drilling confirmed the continuity and overall size of the resource, there is a possibility that thegrades attributed to the resources arising from this core loss had potentially enhanced grades. The independent report hadquoted most of the above resources for Morne Bossa as Measured and Indicated Resources but given these uncertainties ongrades we would view the resources quoted for Morne Bossa are more properly defined as Inferred Resources. Further testingand confirmation drilling will be required before these resources can be categorized as Indicated Resources
DDD Price at posting:
0.5¢ Sentiment: None Disclosure: Held