Australia's Marquee Resources jumps on rare earth find

Marquee Resources

24/09/2024 06:28

** Marquee Resources  MQR.AX  jumps as much as 16.7% to
A$0.021, last up 5.6%
    ** Australian metals explorer says it has observed
rare-earth element mineralization in multiple drill holes at its
Redlings Rare Earth Elements project in Western Australia
    ** Over 5 mln shares traded, 2.1x the 30-day average
    ** MQR loses ~27% YTD, while ASX 300 Metals & Mining
sub-index  .AXMM  down ~16%

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))