Australia's Aldoro Resources rises on progress in tenement acquisition

Aldoro Resources

06/12/2022 01:42

** Shares of Aldoro Resources Ltd  ARN.AX  rise as much as
7.4% to A$0.29
    ** Stock set for best day since Nov 11, if gains hold 
    ** Miner says fairway exploration licence is granted for a
tenement located near its Mt Magnet area in Western Australia
    ** Says co has finalised binding heads of agreement with
Mining Equities Pty Ltd for the acquisition of 100% interest in
the tenement licence 
    ** Says the licence hosts anomalous lithium and rubidium
    ** Shares of co down 34.9% YTD, as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))