Australia's Antipa Minerals rises on stake sale in JV project

Antipa Minerals

13/09/2024 02:17

** Shares of Antipa Minerals  AZY.AX  rise as much as 14.3%
to A$0.016, their highest level since May 29
    ** Mineral Explorer to sell its 32% interest in Citadel JV
Project to JV partner Rio Tinto Exploration Pty for A$17 mln 
($11.44 mln)
    ** Adds, proceeds from sale will boost co's cash reserves to
~A$23 mln, enabling further exploration and advancement of its
Minyari Dome Gold-Copper Project
    ** About 16.7 mln shares change hands by 0107 GMT, 3.6 times
the 30-day average volume of shares
    ** Stock has fallen 17.6% YTD, as of last close

($1 = 1.4863 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))