Noble Mineral Resources Ltd.'s share price registered a sharp rise following an upgrade to the estimated size of the resource at its Bibiani gold project in Ghana propelled expectations that mining could recommence at the site.

Shares in the company came out of a trading halt on Tuesday at 24 per cent, to close up six cents, stronger than when it entered the halt on Friday.

Noble Managing Director Wayne Norris on Tuesday posted that the 22 per cent hike in the estimated size of the resource at the Bibiani mine extended a very strong foundation for the planned re-establishment of a profitable mining and processing at the operation.

Mr. Norris quoted, "We are looking forward to completing the pre-feasibility study, finalizing ore reserve estimates and announcing completion of our detailed operational and business plan for the Bibiani gold mine".

The Bibiani mine, acquired by Noble last year, included a processing plant reporting an annual capacity of 2.7 million tons and a significant mining fleet in good working order.

At 1209 AEDT shares in Noble were trading up six cents, or 20.69 per cent, at 35 cents.