Australia's Minerals 260 soars in ASX debut

Minerals 260

12/10/2021 05:46

** Minerals 260  MI6.AX  opens at A$0.745, 49% higher than
its IPO issue price of A$0.50; rises as much as 50%
    ** The Western Australia-focused gold-nickel-copper explorer
raised A$30 mln ($22.01 mln) in the IPO  urn:newsml:reuters.com:*:nASX41BG8w
    ** Says drilling to follow up previously reported
intersections at its flagship Moora and Koojan JV projects in
Western Australia will start in late October or early November 
    ** As at 0404 GMT, stock up 22.5% at A$0.6125, with ~12 mln
shares trading hands
    
   

($1 = 1.3630 Australian dollars)

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