Group 6 Metals jumps as co prepares to extract high-grade tungsten ore in Tasmania

Group 6 Metals

05/06/2024 05:43

** Shares of Group 6 Metals  G6M.AX  rise as much as 28.6%
to A$0.036, their highest since Dec. 22, 2023
    ** Stock posts its biggest intraday pct gain since May 29
    ** Resources explorer and developer says high-grade ore now
exposed in open cut pit at the Dolphin Tungsten Mine in Tasmania
    ** Says high-grade ore blocks will be mined from June
onwards
    ** Adds tungsten market strengthens on strategic supply
concerns
    ** About 4.2 mln shares change hands, compared with the
30-day average volume of 883,899
    ** Stock down 65.4% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))