Australia's Boab Metals jumps on unit's $30 mln deal with logistics co

Boab Metals

10/12/2024 24:51

** Boab Metals  BML.AX  soars as much as 19.2% to A$0.155,
highest since Nov. 6
    ** Precious metals miner's unit executes $30 mln binding
offtake agreement with leading logistics giant Trafigura Asia
    ** Funds will be used to build and develop the flagship
Sorby Hills Lead-Silver-Zinc project in Western Australia - BML
    ** Stock posts biggest intraday percentage gain since Oct.
21
    ** Around 1.6 mln shares traded vs the 30-day avg of 501,700
in stock's busiest day since Oct. 30
    ** BML down 21.2% this year, as of last close

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))