Australia's Hammer Metals up on high-grade copper results at Queensland prospects

Hammer Metals

29/06/2022 05:48

** Shares of Hammer Metals  HMX.AX  rise as much as 8.7% to
A$0.05
    ** Mineral explorer announces high-grade copper results and
identifies new conductors at its Ajax East and Pearl prospects
in Queensland's Mt Isa region  urn:newsml:reuters.com:*:nASX405pRj
    ** Says recent drilling confirmed three copper sulphide
zones, which returned assays of up to 7.31% copper over 0.75
metres and 1.1% copper over five metres
    ** Says a new cluster of conductors has also been found at
its nearby Pearl prospect which are believed to reflect sulphide
zones at depth and follow-up drilling is planned
    ** Stock down 23.3% YTD, as of last close 
    


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