Australia's Latin Resources gains on acquiring gold prospect in NSW

Latin Resources

08/07/2022 02:32

** Shares of mineral exploration co Latin Resources  LRS.AX 
rise as much as 10.1% to A$0.076, set to mark their best session
since June 27
    ** LRS says it exercised its option to secure 100% ownership
over the Peep O'Day gold prospect in New South Wales (NSW) from
Mining and Energy Group Pty Ltd  urn:newsml:reuters.com:*:nASX6C8cq2
    ** Previous exploration on the prospect had confirmed gold
mineralisation, says co
    ** Co has resubmitted permit applications for reverse
circulation drill testing following the change of hands
    ** Shares hit their highest level since June 27
    ** Stock has risen about 138% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))