Australian Mines surges after higher resource estimate at project

Australian Mines

08/01/2025 03:10

** Shares of Australian Mines  AUZ.AX  surge as much as
62.5% to A$0.0013, highest since mid-Nov
    ** The metals miner reports substantial rise in resource
estimate, at lower cut-offs, at Flemington project in New South
Wales
    ** Over 23 mln shares traded, 16x the 30-day daily average
    ** Stock fell 5% in 2024

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@ThomsonReuters.com))