Australia's Great Southern Mining falls on weak drilling results

Great Southern Mining

13/12/2022 03:08

** Shares of Great Southern Mining Ltd  GSN.AX  slide as
much as 20% to A$0.032, their lowest level since Sept. 27
    ** Stock last down ~17.5%, set to post its worst session
since Jan. 27, if losses hold
    ** The gold explorer says "not intercepted significant
quantities of nickel or copper sulphides" from first three holes
at its East Laverton Nickel project in Western Australia
    ** More than 700,000 shares have changed hands, vs the
30-day avg of about 450,000 shares
    ** Including session's loses, stock down ~52% this year
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))