Australia's Krakatoa Resources jumps on finding rare earths at NSW project
08/12/2021 24:58
** Shares of mineral explorer Krakatoa Resources KTA.AX
climb as much as 22% toA$0.061, set for their best day since
Oct. 9, 2020
** Co discovers ionic absorption clay rare earth elements at
its Rand project in New South Wales urn:newsml:reuters.com:*:nASX9KQXfQ
** Adds analysis of full drill holes has shown significant
widths of rare earth concentrations
** Shares hit their highest since Nov. 18
** Volumes are 3.5 times the 30-day average of 419,993
shares
** As of last close, stock down 23.1% this year
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))