Australia's Carbine Resources eyes best day in 5-1/2 years on silica sand find

Carbine Resources

07/04/2022 03:26

** Shares of Carbine Resources Ltd  CRB.AX  soar up to 30.4%
to A$0.03, highest since March 14
    ** Stock to mark best day since November 2016, if gains
holds
    ** Diversified miner says its maiden drilling programme at
Muchea West Silica Sands Project in Western Australia found
silica sand deposits  urn:newsml:reuters.com:*:nASX3Bz5qR
    ** Says work is underway to gain access for the second, and
definitive, drill campaign with expectations for completion in
H1, 2022 
    ** Trading volume 11.6 times the 30-day average volume of
309,561 shares 
    ** Stock down 20.7% this year, as of last close 

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))