Australia's Consolidated Zinc soars on Mexico zinc project sale

Impact Silver

10/02/2023 02:32

** Shares of Consolidated Zinc Ltd  CZL.AX  climb as much as
47.1% to A$0.025, on track for best day since May 16, if gains
hold 
    ** The zinc miner says binding share sale agreement signed
for the sale of the Plomosas zinc project in Mexico to Impact
Silver Corp for initial value of $6 mln
    ** Says proposed transaction will allow co to focus on
exploration for lithium and rare-earths metals and development
activities at its Pilbara and Gascoyne projects in Australia
    ** Stock hits highest since Nov 2
    ** More than 23.4 mln shares change hands, almost 25 times
the 30-day average volume 
    ** Stock down 5.6% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))