Australia's Focus Minerals rises on higher resource estimate at WA project

Focus Minerals

25/05/2022 03:45

** Shares of gold explorer Focus Minerals  FML.AX  rise as
much as 8.6% to A$0.19, their sharpest intraday pct gain since
Feb 15
    ** The gold explorer confirms an increase in mineral
resource estimate for two deposits within its Coolgardie gold
project in Western Australia  urn:newsml:reuters.com:*:nASM000D42
    ** Stock hits highest since May 20
    ** Co says Coolgardie's mineral resource estimate has
increased to 42.2 million tonnes at 1.9 g/t gold for 2.61
million ounces 
    ** Stock down 55.1% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))