Aussie rare earths explorer Octava Minerals soars on antimony prospects

Octava Minerals

17/09/2024 05:30

** Shares of Octava Minerals  OCT.AX  soar as much as 191.7%
to A$0.140, their best intraday pct gain 
    ** OCT stock touches its highest level since early July 2023
    ** More than 16.7 mln shares change hands, a whopping 336
times its 30-day average of around 50,000 shares
    ** Says drilling Yallalong Discovery project in Western
Australia shows potential for high-grade antimony mineralisation
    ** Co says there are several undrilled antimony targets with
recorded high-grade samples
    ** Antimony is a metalloid used as a flame retardant, to
make photovoltaic glass, and it also has military applications
    ** Record high prices of antimony also benefiting explorers
of the metalloid
    

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))