Goldphyre Resources (ASX:GPH) is preparing to reveal details regarding a material transaction regarding its Lake Wells Potash Project.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
Lake Wells is a brine-hosted sulphate of potash (SOP) project located in the Eastern Goldfields region of Western Australia.
The halt will remain in place until the opening of trade on Wednesday 2nd December 2015, or earlier if an announcement is made to the market.
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