Australia's Far East Gold climbs to near 3-month high as co plans to buy Indonesian gold project

Far East Gold

09/10/2024 04:37

** Shares of Far East Gold  FEG.AX  rise as much as 13.5% to
A$0.21, their highest levels since July 16
    ** The diversified miner, with projects in Australia and
Indonesia, posts its biggest intraday pct gain since
early-September
    ** Co executes conditional share purchase plan with existing
partner Iriana Mutiara Idenburg for acquisition of Idenburg gold
project in Indonesia
    ** Co to pay A$250,000 ($168,250) in cash and A$250,000 in
shares upon signing of plan
    ** About 582,710 shares change hands, 3.2 times the 30-day
avg volume
    ** Stock up 50% YTD, including current session's moves
    
    ($1 = 1.4859 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))