Australia's Magnum rises on high-grade iron ore find in U.S. project

Magnum Mining and Exploration

10/03/2023 01:23

** Shares of Magnum Mining And Exploration Ltd  MGU.AX  
rise as much as 31.6% to A$0.025 - set for best day since Nov
12, 2021, if current gains hold 
    ** Iron ore miner says test results confirm high-grade iron
ore from Buena Vista Green Pig Iron Project in Nevada, US
    ** Shares hit their highest since Feb 10 
    ** About 15.6 mln shares change hands, compared with the
30-day average trading volume of 986,042 shares 
    ** Shares down 28.6% YTD, as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))