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ZYL Limited In Pre Open Pending Financing And Corporate Events Announcement

ZYL Limited (ASX: ZYL) has been granted a trading halt today pending an announcement regarding financing and corporate events, with the company's shares placed in pre-open.

ZYL has not yet provided any further details, but just last month the company delivered some positive news from the Mbila Project in South Africa, revealing not only an increase in anthracite tonnes but also an increase in the confidence of the Resource following geological remodelling.

The company delivered a 23% increase in the gross anthracite Resource to 154 million tonnes and a 46% increase in the high confidence Measured Resource to 36 million tonnes.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 10th September.

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