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MacPhersons Resources To Outline Share Placement

MacPhersons Resources (ASX:MRP) has been granted a trading halt by the ASX pending details of a planned share placement.

Earler in the month MacPhersons revealed preliminary findings of the Bankable Feasibility Study ahead of its full release in the September Quarter, 2014.

These included lower capital and operating cost for the company's Nimbus-Boorara silver-gold-zinc project, which is located near Kalgoorlie in Western Australia.

Morrie Goodz, managing director, commented at the time: "the results of the feasibility study showed that what was already a robust project was becoming increasingly attractive on virtually every front. "

The Bankable Feasibility Study is examining a 4-fold increase in the processing plant capacity.

The halt will remain in place until the opening of trade on Tuesday 29th July 2014, or earlier if an announcement is made to the market.

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