After entering a trading halt on Monday, Goldminex was granted voluntary suspension of its shares today as the status of the deal was not advanced and could not be disclosed to the market at this stage.

Information released to the market confirmed the proposed JV covered various tenements held by Goldminex within the Owen Stanley Ranges together with the termination of a royalty deed.

"The directors consider that the current status of these transactions are not sufficiently advanced to permit the disclosure of complete information to the market," Goldminex said.

Goldminex holds a significant tenement portfolio within the Owen Stanley Ranges and Sepik Province in PNG, with exploration focused on large-scale gold, copper and nickel deposits.

Goldminex expects to resume trading on Monday next week or as soon as more information about the JV becomes available.

Shares in the company were last trading at A12c.