Australia's Native Mineral Resources leaps on further metal finds

Native Mineral Resources Holdings

08/11/2022 01:17

** Shares of Native Mineral Resources  NMR.AX  rise as much
as 8.6% to A$0.19, their highest level since May 2
    ** Minerals explorer says the second diamond drill hole at
the Maneater Hill breccia, a type of rock containing fragments
of minerals, found further polymetallic sulphides, including
sulphides of silver, gold, zinc and copper 
    ** "The presence of sulfides in the drill core confirms that
the breccia potentially extends further than initially
anticipated" - Managing Director Blake Cannavo
    ** Trading volumes cross 5 times their 30-day average, with
about 547,000 shares traded so far 
    ** NMR down 26.6% YTD as of last close 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))