Australia's Alderan Resources climbs on renegotiated option deal over Utah project

Hawk Resources

03/06/2022 02:06

** Shares of Alderan Resources  AL8.AX  climb as much as
10.3% to A$0.02, hitting highest since May 25
    ** Copper and gold explorer says it has executed a
renegotiated option deal over co's Detroit project in Utah, U.S.
 urn:newsml:reuters.com:*:nASX7TvGFP
    ** Stock posts its biggest intra-day percentage gain since
May 27
    ** Co says deal covers four patented mining claims totalling
68.25 acres, replacing previous deal covering 60 patented claims
totalling 1010 acres
    ** Co's Managing Director says new deal means co can focus
on two key anomalies in the area while relinquishing areas with
less prospectivity
    ** Stock down 32.1% YTD as of last close 
    


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