Australia's Kaoko Metals on track for record slump after Namibia project mineralisation results
12/10/2026 03:26
BUZZ-Australia's Kaoko Metals on track for record slump after Namibia project mineralisation results ** Shares of Kaoko Metals KAO.AX tumble 54.2% to A$0.885, putting the stock on track for its steepest one-day decline on record
** Mineral explorer reports drill results from the Otniel Prospect at its Chalkos Copper-Silver Project in Namibia, with both initial diamond holes intersecting shallow mineralisation
** Trading volume swells to 4.18 million shares, 5.8 times its 30-day average
** Stock has shed 53.6% of its value since trading debut in May
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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