Australia's Kingsrose Mining soars on exploration alliance with BHP

Kingsrose Mining

22/05/2024 02:36

** Shares of Kingsrose Mining  KRM.AX  rise as much as 25.5%
to A$0.059, their biggest intraday gain since Feb. 8, 2021
    ** Stock hits its highest level since Sept. 11, 2023
    ** Critical minerals explorer announces alliance with
world's largest miner BHP  BHP.AX  for exploring for nickel and
copper in Norway and Finland
    ** Says BHP will sole fund exploration in initial phase,
investing up to $20 million over up to four years
    ** About 12.9 mln shares change hands, compared with the
30-day average volume of around 1 mln
    ** Stock up 14.6% YTD as of last close



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