Australia's GoldArc Resources rises on pact to develop Leonora South gold project
16/04/2026 07:01
** Shares of GoldArc Resources GA8.AX rise 2.9% to A$0.07, their highest level since March 6 ** Stock rises for third consecutive session ** Co enters into a binding term sheet with private co Mineral Mining Services, for development of its Orion and Sapphire deposits at its Leonora South gold project ** Says the agreement converts non-binding letter of intent announced in October into an enforceable commercial framework to advance to production ** Stock up 11.1% YTD (Reporting by Jasmeen Ara Shaikh in Bengaluru) ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))