Shares in Sundance Resources have been placed in a trading halt ahead of an expected announcement from its Chinese suitor Hanlong Mining.
Sundance requested the trading halt toay "pending an announcement on Hanlong's financial commitment obligations" under its revised takeover offer.
The Africa-focused Perth miner said it expects an announcement will be made before the open of trade on the Australian Securities Exchange on or before Tuesday.
Hanlong lowered its takeover bid for Sundance by about one fifth to $1.37 billion in late August following a fall in iron ore prices.
The takeover requires a decision by the Chinese Development Bank, which will provide funding, and from China's National Development and Reform Commission.