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Mozambi Resources To Reveal Material Transaction

Mozambi Resources (ASX:MOZ) has been granted an ASX trading halt in relation to a material transaction.

The halt will last until the earlier of the announcement being made or the commencement of trade on Tuesday, 10th February 2015.

Mozambi has been evaluating potential investment opportunities both within Australia and overseas.

In the December Quarter 2014, it did not conduct any on ground exploration work at its Bowen River project in Queensland though it worked together with consultants to identify a potential reduced-scale phase 1 drilling program which could be conducted on existing road reserve areas.

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