Australia's Korab Resources rises almost 10% on lithium/REE licence renewal

Korab Resources

02/03/2023 04:13

** Shares of metals explorer Korab Resources Ltd  KOR.AX 
leap as much as 9.5% to A$0.023, posting their best intraday pct
gain since Feb. 20
    ** Co says its exploration licence for an area prospective
for lithium, rare earth elements (REE) and gold has been renewed
till Nov. 27, 2024
    ** Adds it will report a review of mineralisation at the
project in March
    ** KOR down 30% YTD, as of last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))