Australia's Cobre Ltd jumps on copper discovery at Botswana project

Cobre

27/07/2022 03:46

** Shares of mineral explorer Cobre Ltd  CBE.AX  more than
double to A$0.11, highest since Oct. 13, 2021
    ** Shares on track for best day ever, if gains hold
    ** Company intersects visual copper mineralisation in first
diamond drill hole at Ngami Copper project in Kalahari copper
belt, Botswana  urn:newsml:reuters.com:*:nASX6BD1N5
    ** Company says drill results highlight "district scale
opportunity" which includes 57 priority targets
    ** More than 17.6 mln shares change hands, 71x 30-day
average of 248,325 shares
    ** As of last close, stock down 47.9% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))