Australia's Woomera Mining gains on acquisition of Mongolian copper-gold project

Orbminco

12/08/2024 03:24

** Shares of Woomera Mining  WML.AX  rise as much as 33.3%
to A$0.004, their highest levels since July 2
    ** The mineral explorer signs a binding term sheet to
acquire Bronze Fox copper-gold project located in Mongolia
    ** Stock posts its biggest intraday pct gain since July 16,
if current gains hold
    ** About 13.6 mln shares change hands, compared with the
30-day average volume of 1.7 mln
    ** Stock down about 90% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))