Australia's Burley Minerals hits record low on disappointing drilling results

Burley Minerals

23/09/2024 03:22

** Shares of Burley Minerals  BUR.AX  fall as much as 34.9%
to an all-time low of A$0.043
    ** Stock posts its biggest intraday percentage decline ever
    ** Iron ore and lithium explorer reports disappointing
drilling results from its Broad Flat Well Iron Ore project in
Western Australia
    ** Says results show good iron grades at surface but
extension of grade at depth is inconsistent
    ** About 386,000 shares change hands, compared with the
30-day average volume of around 109,000
    ** Stock down 69.7% YTD, including session's move

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))