Australia's Many Peaks hits over 11-month high on acquiring new gold, cobalt projects

EMX Royalty

02/05/2023 06:28

** Shares of Australia's Many Peaks Gold Ltd  MPG.AX  rise
as much as 22.2% to A$0.440, hitting their highest since May 24,
2022  
    ** Stock set to mark best day since Jan 27, if current gains
hold 
    ** The mineral explorer says co has entered into a binding
agreement with a unit of EMX Royalty Corp 
    ** Says agreement to secure an exclusive right to acquire a
100% interest in the Yarrol and Mt Steadman projects located in
central Queensland 
    ** Adds projects have presence of gold and cobalt 
    ** MPG stock up 63.6% this year, as of last close
   
    

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))