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Dart Mining In Pre Open Pending Share Placement Details

Dart Mining (ASX: DTM) has been granted a trading halt by the ASX pending the release of a capital raising by way of a share placement, with the company's shares placed in pre-open.

Dart has not yet indicated where the proposed funding injection will be allocated, but the company is preparing to commence a drilling program at the Unicorn Molybdenum Project in Victoria.

The phase one reverse circulation program will comprise up to 15 infill holes which will target a confidence category upgrade to the current resource, which stands at Indicated and Inferred 105 million tonnes at 0.07% molybdenum equivalent.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday 2 April.