Australia's Odessa Minerals jumps on shareholder approval for WA project acquisition

Odessa Minerals

26/10/2022 03:32

** Shares of Odessa Minerals Ltd  ODE.AX  rise as much as 17.7%
to A$0.02, on track to see their best day since Oct 7, if gains
hold  
    ** Mineral exploration company says shareholder approval has
been granted for the acquisition of Lyndon Project in Western
Australia  urn:newsml:reuters.com:*:nASX96HSQ9 
    ** Says shareholder approval has been granted for two
exploration licences 
    ** Co had proposed to acquire Lyndon Project Tenements from
CRC Minerals Pty Ltd in April  urn:newsml:reuters.com:*:nASX3FKWR6 
    ** Says studies have found the project prospective for Rare
Earth Elements mineralization
    ** Says soil sampling in project has identified lithium
target in pegmatites 
    ** Shares of co hits highest since Oct 11
    ** Shares of co are down 19.1% YTD as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))