Australia's Eastern Resources hits 15-month high on stake buy in Marengo gold project

Eastern Resources

29/09/2025 05:16

** Shares of Australia's Eastern Resources EFE.AX rise as much as 48.7% to A$0.055, their highest level since July 3, 2024; stock last up 18.9%

** Stock posts its biggest intraday pct gain since December 6, 2024

** Diversified mineral explore to earn up to 80% interest in the Marengo gold project, Queensland

** Says historical geochemical and geophysics exploration shows potential of a large intrusion related system in tenement area

** Says project a low-cost entry to an exploration opportunity with upside potential

** About 16.8 mln shares change hands, 88.5 times the 30-day avg, highest volume since October 2022

** Stock up 57.1% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))