Australian Rare Earths surges 60% on raising project's oxide estimates

Australian Rare Earths

30/09/2024 06:29

** Australian Rare Earths  AR3.AX  surges as much as 60%
    ** Stock posts biggest intra-day pct gain since April 2023,
hits highest since mid-Jan
    ** Mineral explorer increases its rare-earth oxide estimates
by 27% at Koppamurra rare earths project in South Australia
    ** About 1.3 mln shares traded, busiest day since mid-Aug
    ** Stock last up a little over 38% on the day
    ** That takes gains in Sept to 88.5% and cuts YTD losses to
about 13%

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))