Australia's Hammer Metals jumps on 'significant' rare earth element mineralisation at Queensland prospects

Hammer Metals

26/07/2022 04:17

** Shares of Hammer Metals Ltd  HMX.AX  jump as much as
13.9% to A$0.09, highest since May 11
    ** Stock rises for a fifth straight session
    ** Mineral explorer says it has identified "significant"
rare earth element mineralisation at its Hardway mining lease in
northern Queensland  urn:newsml:reuters.com:*:nASX5vZqLG
    ** Says found the rare earth element mineralisation through
a review of historical data and recent rock chip sampling
    ** Says Hardway lease has now been successfully incorporated
into co's exploration permit at no cost and co has begun
sampling and mapping to determine potential mineralised
structures
    ** Stock up 31.7% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))