Australia's Korab Resources falls after saying ore stockpiles stolen from NT mine

Korab Resources

06/12/2021 04:45

** Shares of Korab Resources  KOR.AX  plunge as much as
20.3% to A$0.059, on track for their biggest intraday pct fall
since Nov. 4
    ** Global miner says https://www.asx.com.au/asxpdf/20211206/pdf/453vcszmbd76wb.pdf
 a stockpile of gold ore and samples of Winchester magnesium ore
have been illegally removed from Sundance gold mine in Northern
Territory
    ** Co has reported the matter to NT's Dept. Of Industry
Tourism and Trade
    ** Says the matter does not affect group's work at adjacent
Winchester magnesium project
    ** Stock hits its lowest since Nov. 15
    ** Stock up 469.2% this year, as of last close

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))