Australia's Meeka Metals hits near 3-week high on rare earth find

Meeka Metals

19/09/2022 04:49

** Shares of Australia's Meeka Metals Ltd  MEK.AX  rise as
much as 8.7% to A$0.075 - highest since Aug. 30
    ** Gold explorer announces high-grade rare earth find in
Western Australia  urn:newsml:reuters.com:*:nASXcjWtj
    ** Says mineralisation demonstrates a high proportion of the
grade, up to 31%, as valuable rare earth that is used in a
number of products, including motors of electric vehicles
    ** Says resource definition drilling to begin in Jan 2023 
    ** Stock on track to see best day since Sept. 13  if gains
hold
    ** MEK is up 68.3% YTD as of last close 

 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))