Australia's Discovery Alaska hits over 7-month high on mining lease agreement

Discovery Alaska

05/01/2024 24:34

** Shares of Discovery Alaska  DAF.AX  rise as much as 23.3%
to A$0.037, their highest since May 24, 2023
    ** Gold and mineral explorer says it has executed binding
mining lease agreement with Doyon Ltd for Vinasale Gold Project
in Alaska
    ** Says agreement allows the company to conduct mineral
exploration, mineral development and production activities
    ** DAF shares on track for best week since Nov. 17, 2023 -
if current gains hold
    ** About 440,900 shares change hands, compared with the
30-day average volume of 31,643 shares
    ** Stock dropped 40.6% in 2023, after gaining for three
consecutive years

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))