Australia's Meeka Gold climbs on rare earth finds at WA project

Meeka Metals

30/05/2022 06:24

** Shares of gold explorer Meeka Gold  MEK.AX  rise as much
as 14.8% to A$0.070, their highest since June 15, 2021
    ** Co says assays from its Cascade Rare Earth project in
western Australia show shallow, high-grade rare earth
mineralisation  urn:newsml:reuters.com:*:nASX45hGb7
    ** Says mineralisation has up to 45% of the rare earths
content in high value magnet metals
    ** Shares mark their biggest intraday gain since May 20
    ** Volumes are 5.6 times the 30-day average of 2.6 mln
shares
    ** As of last close, stock up 48.8% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))