Australian miner IGO jumps on farm-in agreement with Impact Minerals

Impact Minerals

09/11/2021 04:33

** Shares of miner IGO Ltd  IGO.AX  rise as much as 5.2% to
A$9.35 - marking biggest intraday pct gain since Oct. 8
    ** Stock hits highest level since Nov. 2 
    ** Metals explorer Impact Minerals  IPT.AX  says unit of IGO
has agreed to farm into its Broken Hill nickel-copper-platinum
group metals project in New South Wales
    ** IPT adds JV with IGO will increase focus on co's Western
Australia projects including a drill rig for its Doonia gold
project, expected to be running by early Dec. 
    ** Shares of IPT rise as much as 14.3% to A$0.016, on track
for best day since Sept. 21
    ** More than 13 mln IPT shares have changed hands, nearly 5
times their 30-day avg
    ** IGO up ~32.3% so far in 2021 
    ** IPT down about 26.3% this year, as of last close

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))