Australia's Godolphin Resources rises on agreement to buy 75% of rare earths project
02/03/2022 01:14
** Shares of mineral explorer Godolphin Resources GRL.AX
rise as much as 29.2% to A$0.155 - stock to mark best day since
May 5, 2020 if gains hold
** Co signs a farm-in and joint venture agreement with EX9
Pty Ltd to earn up to a 75% interest in the Narraburra Rare
Earth Element Project in New South Wales urn:newsml:reuters.com:*:nASXbHb7Cy
** Shares hit their highest since Dec. 8, 2021
** About 337,500 shares change hands, 4.4 times the 30-day
average volume of nearly 76,100 shares
** As of last close, stock down 20% this year
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))
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