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Auzex Resources in pre-open pending share placement announcement

Auzex Resources (ASX: AZX) has been granted a trading halt by the ASX pending the release of details surrounding an equity raising via a share placement, with the company's shares placed in pre-open.

Auzex is currently in a very interesting phase of its development, and is currently on track to complete phase two infill drilling at the Bullabulling Gold Project by December.

The significance of this round of drilling is that the company expects results to add further to the JORC Resource of 2.6 million gold ounces.