Australia's Famien Resources jumps on divesting non core assets

Famien Resources

05/10/2026 02:55

** Shares of Famien Resources FMN.AX rise as much as 4.4% to A$0.120, their biggest intraday pct gain since Sept 9
** Mineral explorer enters agreement to sell its unit Diamandia, which holds non-core assets, including the Rocky Ridge Tenements
** Deal for initial cash consideration of A$330,000 ($229,449.00), further deferred cash consideration of up to A$2 million also payable
** YTD, shares down 54.7%
     
($1 = 1.4382 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))