Australia's Greenwing Resources climbs on finding graphite at Madagascar project

Greenwing Resources

03/11/2021 04:15

** Shares of Greenwing Resources  GW1.AX  rise as much as
7.7% to A$0.420, their highest since April 19
    ** Miner says it found "significant" intercepts of graphite
mineralisation at its Graphmada Mining Complex in Madagascar
 urn:newsml:reuters.com:*:nASX1SVpd1
    ** Says new intercepts extend the mining zone at the project
by about 450 metres in width
    ** Adds 3,000-metre diamond drilling programme is expected
to commence in late November 
    ** Volumes are 2.9 times the 30-day average of 233,155
shares
    ** As of last close, stock has more than doubled in value
this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))