Australia's Codrus Minerals jumps on start of drilling at WA project

Codrus Minerals

12/04/2023 05:09

** Shares of Codrus Minerals Ltd  CDR.AX  rise as much as
33.7% to A$0.115, their biggest intraday pct gain since Dec 9
    ** Gold explorer says drilling has started at its Karloning
Rare Earth Element (REE) Project in Western Australia
    ** Adds it is drilling to test rare earth minerals and
niobium mineralisation, which is used in steel industry, at
project
    ** Stock at its highest level since March 2
    ** More than 802,000 shares change hands vs the 30-day
average volume of 136,000 shares
    ** Stock has fallen 33.9% this year, as of last close
    
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))