Australia's Impact Minerals soars on buying stake in alumina project

Impact Minerals

21/03/2023 01:53

** Shares of Impact Minerals Ltd  IPT.AX  climb as much as
25% to A$0.01, on track for best day since Jan 17
    ** Precious metals miner signs binding term sheet with Playa
One Pty Ltd to earn an 80% interest in the advanced Lake Hope
high-purity alumina project in Western Australia
    ** Stock hits highest level since March 14
    ** More than 16.6 shares change hands, 6 times the 30-day
average volume 
    ** Stock up 14.3% this year, as of last close

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))