Australia's Golden State Mining falls on terminating deal to sell WA project

Golden State Mining

29/12/2021 02:23

** Shares of gold and lithium explorer  GSM.AX  fall as much
as 2.4% to A$0.080, lowest since March 2020
    ** Co says its agreement to sell its Cue project in Western
Australia to Cue Revival Pty Ltd in A$1.125 mln ($812,475) deal
will be scrapped  urn:newsml:reuters.com:*:nASX6p5KMC    
    ** Says Cue Revival has not been able to complete the
agreement, leading to a termination in accordance with default
provisions
    ** Stock posts its biggest intraday pct. fall since Dec. 17
    ** About 173,252 shares change hands, vs the 30-day avg.
volume of 167,184
    ** Shares down ~58% this year, as of last close

($1 = 1.3847 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))