Australia's Koba Resources at over 8-month high on plans to acquire two North Queensland projects

Koba Resources

07/10/2025 02:56

** Shares of Koba Resources KOB.AX rise as much as 22.6% to A$0.076, their highest level since January 14

** Stock posts its biggest intraday pct rise since December 12, 2024

** The resources co secures exclusive right to buy Stannary Hills Tin-Tungsten Project and Mt Garnet Tin-Tungsten Project located in North Queensland

** Receives firm commitments for A$4.35 million ($2.88 million) placement at an issue price of A$0.05 per share

** About 2.6 million shares change hands, 10.9 times the 30-day avg

($1 = 1.5122 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))