Australia's Win Metals rises on deal with Astral Resources over nickel project

Astral Resources NL

28/09/2026 04:19

** Shares of Win Metals Ltd WIN.AX rise as much as 27% to A$0.024, their biggest intraday pct gain since September 30, 2025

        ** Shares hit their highest point since May 18
** The mineral explorer signs a tenure rationalisation transaction with Astral Resources AAR.AX over part of Mt Edwards Nickel Project in Western Australia
** Under deal, Win Metals to receive A$9 million ($6.32 million) from Astral on transfer of mining lease for multiple leases excluding lithium at the project  
** About 4.7 million shares traded, 4.9x the 30-day average volume 
** Year-to-date stock down 32.4%, including the session's moves

($1 = 1.4239 Australian dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))