Petratherm climbs on finding rare earth mineralised zones in South Australia

PTR Minerals

08/08/2022 06:41

** Shares of copper and gold miner Petratherm Ltd  PTR.AX  
jump as much as 31% to A$0.110, highest since June 8
    ** Co says drill results define two rare earth mineralised
zones at Comet project in South Australia (https://bit.ly/3P8GC0a)
    ** Australia-based co says high-value scandium oxide credits
occur with the rare earth intersections and offer an additional
revenue potential
    ** Says drilling data is from the first batch results and
further 214 drill holes from other prospect areas are being
tested in lab
    ** More than 2.7 mln shares change hands, 10.4 times the
30-day average of 262,848 shares
    ** As of last close, stock up about 91% this year

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))