Australian Gold and Copper gains on increasing landholding in Cobar Basin

Australian Gold and Copper

16/12/2021 04:27

** Shares of gold and copper explorer  AGC.AX  rise as much
as 8.8% to A$0.099, on track for their biggest single-day pct
jump since Nov. 23 
    ** Co says it has received ministerial approval for 840 sq
km of Cobar Basin exploration licences by winning an expression
of interest with the government of New South Wales Australia
 urn:newsml:reuters.com:*:nASX3rhFyk
    ** Says the award increases the size of co's land holding
around the Cargelligo project, making AGC a major landholder
within the Cobar Basin 
    ** Says exploration licence has now been granted and large
copper targets exist within co's new portfolio 
    ** Shares hit their highest level since Dec. 2
    ** Stock down 55.6% since its Jan. 20 IPO

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))