Australia's Gibb River Diamonds jumps on acquiring new tenements

GIB Mining

14/09/2022 06:56

** Shares of mineral explorer Gibb River Diamonds  GIB.AX  jump
as much as 8.6% to A$0.063, on track for their best day since
Sept 8 
    ** GIB says it has acquired two new tenements at co's
Northern Territory Phosphate Project, namely EL 33304 and
EL33305  urn:newsml:reuters.com:*:nASX7GMP2C
    ** Says acquisition extends the Phosphate Project area held
by GIB by a further 818.9k sq. km
    ** Co acquires new exploration and prospecting licenses
totalling 1,387 sq. Km in area, which co considers to be
prospective for lithium
    ** More than 180,000 shares change hands, vs the 30-day
average volume of 134,622 shares
    ** Stock had fallen 31% this year, as of last close

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))