Australia's Native Mineral surges most in 14 months on buying gold deposits

Native Mineral Resources Holdings

08/11/2024 01:27

** Shares of Native Mineral Resources  NMR.AX  rise as much
as 50% to A$0.048, posting their largest intraday pct gain since
late-August 2023
    ** Stock hits highest level since Oct. 20, 2023
    ** Diversified miner to acquire Far Fanning and Black Jack
gold deposits in Queensland for A$18.9 mln ($12.59 mln)
    ** Acquisition from private entity Collins St Convertible
Notes expected to provides extensive exploration potential and
significant upside to gold production
    ** More than 3.7 mln shares change hands, 7 times the 30-day
avg of about 534,000 shares
    ** Stock up 50% YTD, as of 0120 GMT
    
($1 = 1.5006 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))