Australia's Ausmon Resources climbs on grant of exploration licences to unit

Ausmon Resources

19/04/2021 05:28

** Shares of Ausmon Resources Ltd  AOA.AX  rise as much as
10% to A$0.011
    ** The mineral explorer says its unit, New Base Metals Pty
Ltd, has been granted three exploration licences at Koonenberry
in northern NSW  urn:newsml:reuters.com:*:nFWN2MA0EC
    ** Says exploration licences are for five years each for its
applications ELAs 6210 Enmore, 6211 Eureka and 6212 Mount
Darling which were lodged in February 2021
    ** Says new licence areas will be explored for Broken
Hill-type Pb-Zn-Ag, Iron Oxide Cu-Au (IOCG) and Cobalt Blue
style Co mineralisation within Palaeoproterozoic Willyama
Supergroup rocks
    ** Stock had risen 42.9% so far this year, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))