IronClad Mining in Trading Halt Pending Capital Raising
IronClad Mining has entered into a trading halt until Thursday as it awaits a capital raising. The funds from the proposed capital raising will be used to begin production at its magnetite iron joint venture project in Australia.
IronClad Mining had announced that an offtake agreement has been secured for the iron ore that it would produce at its Wilcherry Hill project. As it stands today 50% of the annual iron ore production from the Wilcherry Hill project has already been pre sold. The production of iron ore is to begin in March 2012 at the Wilcherry Hill project.
Another company which has been given a trading halt by the Australian Securities Exchange is Richmond Mining. The halt is pending an announcement on a capital raising and board restructuring, with the company’s shares placed in pre-open.
There has been no concrete data on the capital raising but Richmond Mining is targeting extension on the iron resource it has at its Buena Vista project. The company has reviewed the historical drilling and data of the Section 5 target known to have good potential. The Buena Vista Iron Project in the US is now in an advanced state of pre development. It is situated 450 km north east of San Francisco in the rural area of Nevada.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, March 19). IronClad Mining in Trading Halt Pending Capital Raising. AZoMining. Retrieved on February 02, 2026 from https://www.azomining.com/News.aspx?newsID=5953.
MLA
Scanlon, Joel. "IronClad Mining in Trading Halt Pending Capital Raising". AZoMining. 02 February 2026. <https://www.azomining.com/News.aspx?newsID=5953>.
Chicago
Scanlon, Joel. "IronClad Mining in Trading Halt Pending Capital Raising". AZoMining. https://www.azomining.com/News.aspx?newsID=5953. (accessed February 02, 2026).
Harvard
Scanlon, Joel. 2019. IronClad Mining in Trading Halt Pending Capital Raising. AZoMining, viewed 02 February 2026, https://www.azomining.com/News.aspx?newsID=5953.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.