LCL Resources jumps on identifying geophysical anomalies in Papua New Guinea

LCL Resources

23/01/2024 03:43

** Shares of LCL Resources  LCL.AX  rise as much as 15.4% to
A$0.015, logging its biggest intraday pct gain since Oct. 16,
2023
    ** The Australian-based miner and explorer says Versatile
Time Domain Electromagnetics (VTEM) data reprocessing has
identified high-priority geophysical anomalies at Iyewe
prospect, in Papua New Guinea
    ** 5.5 mln shares change hands as of 0336 GMT vs 30-day
average volume of 2.5 mln shares
    ** Stock fell 70.2% in 2023

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))