Australia's Cobre hits highest in 10 months on Copper find in Botswana

Cobre

01/08/2022 04:45

** Shares of copper exploration co Cobre Ltd  CBE.AX  rise
as much as 92% to A$0.165, their highest levels since Sept. 9,
2021
    ** CBE says copper mineralization intersected at the second
diamond drill hole at Ngami Copper project in Botswana
 urn:newsml:reuters.com:*:nASX1hXzgY
    ** Drilling program includes 57 high-priority targets
    ** A third diamond hole is currently in progress, says co 
    ** More than 22 mln shares change hands, compared with the
30-day average volume of about 1 million shares
    ** Stock has fallen 8.5% this year as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))