Australia's Augustus Minerals gains on buying WA gold project

Augustus Minerals

05/11/2024 24:05

** Shares of Augustus Minerals  AUG.AX  rise 15.6% to
A$0.052, set for best session since Oct. 22 - if current gains
hold
    ** Diversified miner says co executes binding share purchase
agreement to acquire Music Well gold project in Western
Australia for A$200,000 ($131,680.00) from Music Well Gold Mines
    ** Says project has potential for gold discoveries over next
two years
    ** Stock hits highest level since Oct. 28
    ** More than 519,700 shares change hands vs 30-day avg
volume of about 382,000 shares
    ** AUG down ~50.5% YTD, including current session's moves

($1 = 1.5188 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))