Australia's EMU NL falls to more than 2-month low on agreeing to sell unit

Emu NL

15/09/2025 03:05

** EMU NL EMU.AX falls 5.6% to A$0.017, lowest since July 1

** Precious and base metals explorer agrees to sell its unit, Coruscant Minerals Pty, which owns the Badja gold Project in Western Australia, for A$3.5 mln ($2.3 mln)

** Says sale will augment funding for Yataga copper project in North Queensland

** YTD, EMU drops 32.8%

($1 = A$1.5026)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))