Aurox Resources in trading halt

Pilbara iron ore developer Aurox Resources Ltd has called for a trading halt on its shares, pending an announcement of a material contract relating to its Balla Balla project.

The trading halt follows a 49 per cent boost to the project's iron deposit to 155 million tonnes.

Last month Aurox rejected media reports that a Chinese company, Chengde Iron and Steel Group, was in talks to buy a stake in the company.

The Chinese company already has a 15-year sales agreement for iron ore concentrate from the Balla Balla project that was signed last year.