Australia's Reach Resources soars on acquiring lithium-rich sites

Reach Resources

13/02/2023 02:17

** Shares of Reach Resources Ltd  RR1.AX  climb as much as
55.6% to A$0.007, set to mark best day since Nov. 4, 2021
    ** Gold and base metals miner says four tenements, highly
prospective with known lithium, rare earth element (REE) and
manganese mineralisation, acquired 
    ** Says upon completion of deal, Reach will command a
significant land holding in the highly prospective Gascoyne
region in Western Australia
    ** Stock hits highest level since Dec. 13
    ** More than 63.1 mln shares change hands, ten times the
30-day average volume 
    ** Stock down 10% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))