Australia's Greenwing Resources rises on increasing mineral resource at Madagscar project

Greenwing Resources

19/11/2021 04:10

Nov 19 (Reuters) -    ** Shares of Greenwing Resources
 GW1.AX  rise as much as 6.5% to A$0.495, on track for best day
since Nov. 12
    ** Miner says an exploration program at its Graphmada Mining
Complex in Madagascar increased the total graphite mineral
resource by 1.8 million tonnes (Mt) to 22 Mt at a fixed-carbon
content of 4%  urn:newsml:reuters.com:*:nASXmGY84
    ** Adds a 3,000-metre diamond drilling program will commence
this month to further increase the mineral resource
    ** Stock enters positive territory after three consecutive
sessions of losses
    ** As of last close, stock has more than doubled in value
this year


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