Australia's Eagle Mountain Mining jumps on copper, REE finds at U.S. project

Eagle Mountain Mining

16/12/2022 03:10

** Shares of Eagle Mountain Mining Ltd  EM2.AX  rise as much
as 3.3% to A$0.155, their biggest intraday pct gain since Dec. 8
    ** Copper explorer says assay results from its Oracle Ridge
Copper Mine project in Arizona, U.S. show intercepts of copper,
silver and gold in 3 drill holes 
    ** Adds that re-assay of previous samples of rare earth
elements (REE) with better technique returned some "quite
reasonable rare earth grades" 
    ** Expects underground rig to commence drilling in January
2023
    ** More than 912,000 shares change hands vs the 30-day
average volume of 866,000 shares
    ** Stock has fallen 74.8% this year, as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))