Petratherm jumps on rare earth mineral find at South Australia project

PTR Minerals

15/02/2023 04:35

** Shares of Australia's Petratherm Ltd  PTR.AX  jump as
much as 40% to A$0.098, highest level since Aug. 8, 2022
    ** PTR eyes best day since Jan. 31, if gains hold
    ** Mineral explorer says drill results discovered thick
blanket of "high-grade" rare earth mineralisation at its Comet
project area in South Australia
    ** Co says project's mineralisation starts at shallow depth
and has potential for additional mineral discoveries
    ** Stock up 20.7% this year, as of last close
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))