Desert Metals rises on positive results for rare earth samples
15/06/2022 06:19
** Shares of metal explorer Desert Metals DM1.AX rise as
much as 10.9% to A$0.255, their highest since June 7
** Co says weak acid digest analysis has confirmed the
significance of previously reported rare earth samples
urn:newsml:reuters.com:*:nASX5ZWM26
** Says analysis shows that rare earth elements are easily
leached, with particularly good recoveries
** Adds that the development scenarios would likely be lower
capex given the ease of extracting the minerals via simple leach
** Shares mark their biggest intraday pct gain since June 7
** As of last close, stock down 36.1% this year
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))