Australia's Gibb River Diamonds hits near 3-year high after ore processing deal

Black Cat Syndicate

14/10/2025 05:23

** Shares of Gibb River Diamonds GIB.AX rise 11.1% to A$0.07, hit their highest level since January 25, 2023

** Stock their biggest intraday gain since September 3

** Mineral explorer signs purchase agreement with Black Cat Syndicate Ltd BC8.AX  for processing 100,000 tonnes of Neta Project ore at their Lakewood Mill, Western Australia

** About 945,151 shares traded, 1.5x the 30-day average

** YTD stock up 75%, including current session's move

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))