Peel Mining Ltd's (ASX:PEX) shares are trading near 12-month highs following the discovery of high-grade zinc-lead-silver within its Wagga Tank Project near Cobar in New South Wales.
Peel last traded at $0.45, more than double its valuation from one month ago.
READ NOW: Peel Mining shares surge on confirmed high-grade zinc discovery
The company is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Wednesday 8th November 2017, or earlier if an announcement is made to the market.