Australia's Corella Resources jumps on expanding kaolin project landholding

Maverick Minerals Australia

14/09/2021 05:32

** Shares of Corella Resources  CR9.AX  jump as much as
13.3% to A$0.051, their biggest intraday pct gain since July 30
    ** The kaolin and silica focused explorer says it has
expanded its regional scale landholding at Tampu Kaolin Project
in Western Australia  urn:newsml:reuters.com:*:nASX2Z7gBj
    ** Says two new exploration licence applications have been
lodged with Department of Mines, Industry Regulation and Safety,
both of which are immediately adjacent to existing granted
tenements
    ** CR9 says it has now secured all known prospective areas
for bright white kaolin in the broader Tampu area
    ** Kaolin is a type of clay that is used in manufacture of
porcelain, paper and other products
    ** Stock at its highest since Aug. 17
    ** About 2.6 mln shares change hands, vs the 30-day average
volume of ~2.1 mln shares

    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))