Australian Bauxite eyes best day in 2-1/2 months on rare earth find

ABx

23/11/2021 03:29

** Shares of Australian Bauxite Ltd  ABX.AX  rise as much as
10% to A$0.108, post their biggest intraday pct jump since Sept.
7 
    ** Bauxite explorer says it discovered record high grade of
rare earth elements in its first drill results at Deep Leads in
northern Tasmania  urn:newsml:reuters.com:*:nASX15KrLY
    ** Co says the thickness of mineralised zone has been shown
to be 3 meters  
    ** Adds the intercepts have the highest grade of all four
super-magnet rare earth's elements that are high-priced metals
used for electric vehicles, wind turbines, smart phones and
military electronics  urn:newsml:reuters.com:*:nFWN2SE000
    ** Stock hits highest level since Nov. 17 
    ** More than 1.9 mln shares change hands, compared with the
30-day average volume of 440,474 shares
    ** Stock has risen 8.9% this year, as of last close

 (Reporting by Roushni Nair in Bangalore.)
 ((Roushni.Nair@thomsonreuters.com))