Australia's Great Northern Minerals jumps on stake sale in Queensland projects

Great Northern Minerals

22/11/2023 24:56

** Shares of Great Northern Minerals Ltd  GNM.AX  jump as
much as 15% to A$0.023, set for biggest intraday gain since July
21, if current trend holds 
    ** The diversified miner signs agreement for sale of
majority interest in Queensland gold projects with Great Eastern
Gold 
    ** Says the agreement for total consideration A$3.325
million ($2.16 million) 
    ** Says agreement also includes sale of 50% joint venture
interest in Kangaroo Hills project in Western Australia 
    ** Stock hits highest level since Nov 14
    ** Stock down 66.7% this year as of last close



($1 = 1.5366 Australian dollars)

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