Earlier this year AXG Mining (ASX:AXG) exercised its option to acquire a 100% interest in the Mt Ridley E-W Exploration License (E63/1564) situated in the Albany-Fraser Range Province of Western Australia.
This tenement represents the second granted Exploration License in the Albany-Fraser Range province and takes the company’s holding to over 700 square kilometres.
At the time consideration for the acquisition will be the issue of approximately 14.3 million fully paid ordinary shares in AXG Mining.
AXG's interests are around 100 kilometres NNE of Sirius Resources (ASX:SIR) Nova-Bollinger Ni-Cu-Co massive sulphide deposit.
The halt will remain in place until the opening of trade on Tuesday 14th October 2014, or earlier if an announcement is made to the market.
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