Australia's Investigator Resources hits 5-mnth high on silver project update

Investigator Silver

30/11/2021 01:03

** Shares of Investigator Resources Ltd  IVR.AX  rise as
much as 11.8% to A$0.085, their highest since June 28
    ** Miner says https://www.asx.com.au/asxpdf/20211130/pdf/453l9htrbvmttt.pdf
 Paris Silver Project in South Australia can be brought into
production forecasting A$131 million ($93.61 million) of
pre-production capital expenditure
    ** Says project delivers a Pre-Tax Net Present Value of over
A$200 million with a low all-in sustaining costs delivering
operating margin of 49% on life of mine 
    ** Stock posts its biggest intraday pct gain since July 29;
5 mln shares change hands, 1.3x the 30-day average volume of 3.8
mln
    ** Stock has risen 2.7% this year as of last close


($1 = 1.3994 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))