Australia's Magnetite Mines marks best-ever session on rare earth find

Magnetite Mines

19/08/2025 06:56

** Magnetite Mines MGT.AX surges as much as 310.4% to A$0.291; marks biggest ever intra-day pct gain

** Stock hits highest since July 26, 2024

** Mineral explorer finds rare earth element mineralisation at Ironback Hill Project, South Australia's northeast

** About 13.1 mln shares traded - 67.6x 30-day avg - in stock's busiest day ever

** MGT last up 69%, takes YTD gains to 6%

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))