Shares in Iron Ore Holdings were placed in a trading halt this morning after leaping nearly 11 per cent in early trade, up 11¢ to $1.18.
The Kerry Stokes-controlled iron ore hopeful said the halt had been called pending the release of exploration results.
IOH has been drilling at its Pilbara Iron Valley deposit, over which it recently announced an upgraded resource of 160 million tonnes.
The group has already struck a mine gate sales deal with Rio Tinto over its much-smaller Phil's Creek deposit but has yet to decide how the bigger Iron Valley deposit should be developed.
