Marmota jumps on rare earth find at South Australia project
20/03/2023 01:04
** Shares of Australia's Marmota Ltd MEU.AX rise as much
as 13.5% to A$0.042 - set for best day since June 16, 2022, if
gains hold
** Mineral explorer says drilling intercepted new rare earth
element discovery at its Gawler Craton project in South
Australia
** Co says multiple holes intercepted total rare earth
oxides close to surface
** Stock hits its highest level since March 9
** MEU down ~23% this year, as of last close
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))