Australia's Gibb River Diamonds climbs to near 2-week high on mining deal

GIB Mining

29/01/2024 03:48

** Shares of Gibb River Diamonds  GIB.AX  rise as much as
10.3% to A$0.032, their highest since Jan 16
    ** The mineral explorer says it has secured a mining
benefits agreement with the Bunuba Dawangarri Aboriginal
Corporation, the traditional owners for the Ellendale Diamond
project area, in Western Australia
    ** Co adds the agreement will facilitate the grant of the
three mining leases
    ** Stock posts its biggest intraday pct gain since Jan 16   
 
    ** About 152,455 shares change hands, compared with the
30-day average volume of over 36,350
    ** Stock fell 50% last year, its worst year since 2012

    

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))