Australia's Frontier Resources surges on acquiring exploration licences

Fortuna Metals

04/01/2022 02:32

** Shares of Frontier Resources Ltd  FNT.AX  jump as much as
15% to A$0.023, heading for their best session since Dec. 9
    ** Co says acquired two exploration licences considered
prospective for rare earth elements, two exploration licences
prospective for bright white kaolin and high purity alumina
 urn:newsml:reuters.com:*:nASXh3CWj 
    ** Also bought one exploration licence application
prospective for gold 
    ** Acquisitions settled via issuance of 75 mln ordinary
shares and 37.5 mln performance shares 
    ** Stock rose 42.9% in 2021

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))