Australia's Classic Minerals rises on approval for processing plant in west

Classic Minerals

16/11/2022 04:03

** Shares of Classic Minerals Ltd  CLZ.AX  rise as much as
25% to A$0.015, their highest since Nov. 1
    ** Gold and Nickel miner says co received the final govt
approval for its Gekko processing plant  urn:newsml:reuters.com:*:nASX9k6rlQ
    ** Says approval allows co to commence full-scale mining and
processing at the Kat Gap Gold Project
    ** Stock sees biggest intraday jump since Nov. 7
    ** More than 18.62 mln shares change hands, vs 30-day
average trading volume of 4.99 mln shares 
    ** Shares down 91.7% YTD, as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))