Australia's Coolabah Metals rises after co gets grant for NSW project

Broken Hill Mines

09/04/2024 04:11

** Shares of Coolabah Metals  CBH.AX  rise as much as 31.7%
to A$0.054, on track for their best day since May 2, if current
trend holds
    ** The mineral exploration co says it received grant for its
Mundi Mundi Project in New South Wales, Australia
    ** Co says a formal exploration licence number will be
issued in the next few weeks
    ** Stock hits its highest level since Jan 18
    ** Co is "expanding its exposure to battery minerals with
increased focus on the increasing demand for fluorine"
    ** Coolabah stock has fallen over 31% this year, as of last
close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))