Australia's Core Energy Minerals hits 2-month high on thick rare earth find

Core Energy Minerals

07/10/2025 04:07

** Shares of Core Energy Minerals CR3.AX rise as much as 33.3% to A$0.016, their highest level since July 28; stock last up 8.3%

** Biggest intraday pct rise since April 14

** Exploration and development co says reconnaissance hand-auger drilling has returned multiple thick rare-earth element intersections associated with saprolite clay horizons at the Tunas Project

** Adds new tenement applications were filed to extend the project area 8 km southeast to cover additional radiometric anomalies

** About 20.6 mln shares change hands, 12.4 times the 30-day avg

** Stock is down 48% YTD, including the session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))