Australia's Meteoric Resources jumps after selling Brazilian gold project for A$30 mln

Meteoric Resources NL

03/06/2022 02:18

** Meteoric Resources NL  MEI.AX  jumps as much as ~43% to
A$0.02 - highest since Jan. 20 
    ** The diversified minerals explorer enters agreement to
sell Juruena Gold Project for about A$30 million ($21.79
million)  urn:newsml:reuters.com:*:nFWN2XP0LA
    ** Co to sell gold project to a unit of Alchemist
Investments 
    ** The sale price helps co to be fully funded to accelerate
its exploration programs in Western Australia
    ** Stock has fallen ~22% this year, as of last close

($1 = 1.3770 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))