Australasian Metals soars on acquiring quartz project in Northern Territory

Australasian Metals

27/05/2024 04:32

** Shares of Australasian Metals  A8G.AX  rise as much as
71.1% to A$0.130, on track for their best day since Sept 17,
2021
    ** Stock hits highest level since Jan. 18
    ** Mineral explorer enters option to acquire the Dingo Hole
high-purity quartz project in the Northern Territory
    ** High pure quartz is a key strategic raw material for
global semiconductor and electronics industries
    ** Co enters option agreement with Verdant Minerals
    ** About 793,667 shares change hand compared to 30-day
average trading volume of 32,878 shares 
    ** Stock down 55.3% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))