Australia's iTech Minerals rises on rare earth finds in South Australia

Itech Minerals

18/05/2022 03:26

** Shares of mineral explorer iTech Minerals  ITM.AX  rise
as much as 20% to A$0.540, marking their biggest intraday gain
since April 20
    ** Co says recently received drill results show that
significant intersections of rare earth elements occur at the
Ethiopia Prospect on Eyre Peninsula in South Australia
 urn:newsml:reuters.com:*:nASX2Lzd9F
    ** Says samples from remaining 92 drill holes are currently
being analysed
    ** Shares hit their highest since May 9
    ** As of last close, stock has more than doubled in value
this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))