Australia's Codrus Minerals hits record high on magnet rare earths prospects
09/12/2022 24:50
** Shares of Codrus Minerals Ltd CDR.AX climb as much as
100% to A$0.24, hitting a record high
** Gold explorer says confirmed high grades from grab
samples at the Karloning REE-Niobium Project in Western
Australia urn:newsml:reuters.com:*:nASXvddY6
** Notes the sample results confirm the potential for the
project to host high-grade and high-value permanent magnet rare
earths Dysprosium, Neodymium, Terbium and Praseodymium
** Says it will commence exploration at the project shortly
** Stock posts its biggest intraday pct gain since Nov. 23
** More than 13.2 mln shares change hands, over 11 times the
30-day average volume
** Stock down 11.1% this year, as of last close
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))