Australia's Coda Minerals rises on expansion of copper zone at project

Coda Minerals

06/10/2021 05:37

** Shares of the mineral explorer  COD.AX  rise as much as
25% to A$1.125, mark their biggest intraday pct gain since June
22
    ** Stock hits its highest level since Aug. 26
    ** Co says intersected thick zones of copper-bearing
sulphide mineralisation at Elizabeth Creek copper project in
South Australia  urn:newsml:reuters.com:*:nASX6D6Jhg
    ** The copper rich "core" intersected in three holes expands
outwards to a larger area of iron oxide copper gold ore (IOCG)
deposits - co
    ** Shares of Torrens Mining  TRN.AX , which owns 30% stake
in Elizabeth Creek project, rise as much as 26.7% to A$0.190
    ** About 680,000 COD shares change hands, 4 times the 30-day
average volume of 172,752 shares
    ** As of last close, COD stock had more than tripled in
value this year

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