Australia's Kingsrose Mining jumps most in 2 months on buying nickel mine

Kingsrose Mining

05/03/2023 23:56

** Shares of Kingsrose Mining Ltd  KRM.AX  jump as much as
6.7% to A$0.064, on track for best day since Jan 6
    ** Nickel says entered into an option agreement with VIAD
Royalties AB to purchase Rana Nickel AS
    ** Says under deal, co will be making cash payment of
A$100,000 ($67,570.00) and spending a minimum of A$150,000 on
exploration during a 12-month option period
    ** Stock down 1.5% YTD as of last close



($1 = 1.4799 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))