M3 Mining fall on subdued drilling results at gold project in W.Australia

M3 Mining

04/01/2024 24:24

** Shares of Australia's M3 Mining  M3M.AX  fall as much as
9.5% to A$0.057, their lowest since Dec. 19
    ** Gold-copper explorer says assay results "might not be
strong in their own regard" from the recently completed reverse
circulation drilling program at the Edjudina Gold Project in
Western Australia
    ** Says the grade of the mineralisation does not show high
continuity
    ** About 518,660 shares change hands, compared with the
30-day average volume of 51,493 shares
    ** Stock dropped 48% in 2023

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))