Australia's Mamba Exploration climbs on clearance for Kimberly tenements

Mount Ridley Mines

22/11/2021 04:36

** Shares of Mamba Exploration Ltd  M24.AX  rise as much as
7% to A$0.230, their highest since Nov 4
    ** The metal explorer says it has executed heritage
protection agreements with traditional land owners covering co's
Kimberly projects and the Kimberly Land Council of Western
Australia   urn:newsml:reuters.com:*:nASX6yYqTT
    ** Agreements have been negotiated to ensure that heritage
is protected, while also allowing exploration to be undertaken
on the projects
    ** Adds that agreement covers any future tenements co shows
an interest in  urn:newsml:reuters.com:*:nFWN2SB03A
    ** Says all objections to grant of tenements are to be
withdrawn, expects a number of co's Kimberley tenement
applications to be granted before the end of 2021
    ** Stock posts its biggest intraday percentage gain since
Nov 15
    ** Stock down 30% this year, since its debut on Feb 5

 (Reporting by Roushni Nair in Bangalore.)
 ((Roushni.Nair@thomsonreuters.com))