Australia's CuFe jumps most in 8 weeks on lithium tenure expansion

Cufe

23/06/2023 03:42

** Shares of Australian copper and iron explorer CuFe Ltd
 CUF.AX  advance as much as 18.2% to A$0.013, posting their
biggest intraday pct gain since April 28 
    ** Co acquires further exploration tenure within the
Southern Yilgarn Lithium Belt in Western Australia
    ** Says signed agreement to acquire rights to lithium and
rare earth-related minerals over an area covering 7.4 sq km 
    ** Shares hit their highest level since May 30, have gained
20% so far this week 
    ** More than 1.8 mln shares change hands, compared with the
30-day average volume of ~1.2 mln shares  
    ** Stock down 26.7% this year, as of last close, vs a 2.2%
increase in the benchmark S&P/ASX 200 index  .AXJO 

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))