Australia's Industrial Minerals hits record level on option to buy lithium rights

Industrial Minerals

27/10/2023 02:33

** Shares of Australia's Industrial Minerals Ltd  IND.AX 
rise as much as 151.1% to A$1.130, their highest level ever
    ** Stock posts its biggest-ever intraday rise
    ** Mineral miner says it has secured an exclusive option to
buy 80% interest in mineral (including lithium and quartz)
rights at Pippingarra Quarry in Pilbara, Western Australia
    ** More than 2.9 mln shares change hands, compared with the
30-day average volume of 23,757 shares 
    ** Stock up ~15.4% YTD, based on last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.GovindRao@thomsonreuters.com;))