It has been reported that the securities of Jadar Lithium Limited (the ‘Company’) have been suspended from quotation immediately, in accordance with Listing Rule 17.3, as on July 05, 2018. The securities will remain suspended until ASX receives a satisfactory response to its price query.
The move came pending the release of an announcement by the Company where the Company has completed its preliminary field program on its 100% owned Rekovac project in Serbia. The renaissance sampling phase 1 has now completed on all 5 of the company’s 100% owned projects based in Serbia. The results are expected shortly and it will provide updates once the results have been analyzed.
The company has announced that on its wholly owned Rekovac project in Serbia, it has completed its maiden field program; and the project area is composed entirely of Middle Miocene sediments and lacustrine Lower, which overlie Proterozoic Gneisses and lepidolites.
The Company also executed a permit wide reconnaissance sampling program, consisting of 71 soil samples. The reconnaissance program objective is to determine anomalous areas that will be the focus of the follow up program.
The JDR stock traded last at $0.017 and has seen a price change from $0.028 in Dec 29, 2017 to $0.017 as at closing of July 02 2018.
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