Australia's Petratherm climbs on two grants by South Australian govt

PTR Minerals

16/06/2022 05:08

** Shares of Petratherm  PTR.AX  rise nearly 8% to A$0.095,
hitting its highest since June 10
    ** Copper-gold explorer says it has got two South Australian
Government Accelerated Discovery Initiative grants of A$316,000
 urn:newsml:reuters.com:*:nASX7PckMs
    ** Funds have been awarded to assist in drilling of two
geophysical targets for copper-gold in Woomera project and
co-fund a deep electro-magnetic geophysical survey on the co's
Mabel Creek Project both in South Australia
    ** Co says Mabel Creek Project is prospective for
mineralization of Iron-Oxide Copper-Gold and Broken Hill Type
Silver-Lead Zinc 
    ** Stock has doubled this year, as of last close 

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))