Australia's Meeka Metals rises on rare earth beneficiation result

Meeka Metals

01/12/2022 24:21

** Shares of Meeka Metals Ltd  MEK.AX  rise as much as 5.8%
to A$0.073 - set to mark best day since Nov 18 if gains hold
    ** Gold and rare earths miner says a study of Circle Valley
project in Western Australia shows that 90.4% of the valuable
rare earth elements can be recovered in a -20µm size fraction 
    ** Says rare earth grade increased by up to 91% by rejecting
the coarse fraction with the grade increase evenly distributed
between light, heavy and magnet rare earth elements
    ** Stock hits its highest since Nov 24    
    ** Stock up 68.3% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))