Australia's Golden Deeps rises on buying project in Namibia

Golden Deeps

01/04/2025 03:20

** Golden Deeps GED.AX jumps 7.7% to A$0.021; set for biggest intraday pct gain since January 3

** Mineral explorer buys 80% stake in Central Otavi critical metals project in Namibia

** Says acquisition will increase co's holdings to more than 440 sq km in the Otavi Mountain Land Metallogenic Belt, which hosts major deposits

** About 431,420 shares traded, 2x the 30-day avg

** GED sheds 16% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))