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Centaurus Metals Ltd (ASX:CTM) is the ASX's most active stock, trading 99 million shares in the first 90 minutes of trade, while gaining 40% to $0.007.
Centaurus Metals (ASX:CTM) is raising $2.5 million for its explorations programs at the Serra Misteriosa Gold Project and the Salobo West Copper‐Gold Project, both in Brazil.
Centaurus Metals Ltd's (ASX:CTM) shares have gained 33% to $0.004 following a significantly oversubscribed rights issue which raised $2.5 million.
Centaurus Metals (ASX:CTM) has commenced its maiden diamond drill program at the highly prospective Serra Misteriosa Gold Project in Northern Brazil.
The Pará exploration package was secured via an agreement with the company’s strategic alliance partner, Terrativa Minerais SA.
Centaurus Metals Ltd (ASX:CTM) is set to commence drilling at its Mombuca Gold Project in Brazil, where it has recently identified significant gold targets from geophysical surveys. The program will include 2,500 metres of diamond drilling and will test multiple strong geophysical and geochemical targets to a depth of 300 metres below surface. The first phase of drilling will target the ITZ Prospect, a 1.
Centaurus Metals Ltd (ASX:CTM) recently changed its focus by entering into a strategic alliance with the private Brazilian exploration company Terrativa Minerais SA, to help diversify the company away from iron ore. The alliance has helped in the acquisition of the Mombuca Project in Brazil, which has the potential for high-grade gold mineralisation. The halt will remain in place until the opening of trade on Friday 17th June 2016, or earlier if an announcement is made to the market.