Metals Australia jumps on increased presence of graphite resource at Canada project

Metals Australia

18/07/2025 04:45

** Metals Australia MLS.AX jumps as much as 17.7% to A$0.020; set for best session since November 8, 2024

** Stock hits highest since May 27

** Miner finds ~595% surge in presence of graphitic carbon resources at its Lac Carheil project in Quebec

** Says drilling results expected to support multi-decade exploration at site

** Stock sees most active session since December 9, 2024, with ~3.8 mln shares traded - ~11x the 30-day avg

** MLS last up 14.7%, trimming YTD losses to 15.2%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))