Australia's Desert Metals jumps most in 1-1/2 mnths on rare earth find
02/11/2022 24:44
** Shares of mineral exploration co Desert Metals DM1.AX
rise as much as 31.7% to A$0.52, eyeing their best session since
Sept. 16
** DS1 says new assays received from recent drilling program
expands rare earth discovery at Innouendy Project in Western
Australia
** Assays are still pending for an additional 6,600m, says
co
** Shares hit their highest levels since Sept. 21
** More than 1 mln shares change hands, compared with the
30-day average volume of about 180,000 shares
** Stock up ~9.7% this year, as of last close
(Reporting by Anan Ashraf in Bengaluru)
((Anan.Ashraf@thomsonreuters.com;))