Australia's Sunshine Gold at over a month high on mineral find at rare earth project

Sunshine Metals

10/01/2022 03:21

** Shares of Sunshine Gold Ltd  SHN.AX  rise as much as
21.1% to A$0.046, hitting their highest since Dec. 2, 2021
    ** Mineral exploration co announces it intersected quartz,
molybdenite and chalcopyrite its Titov diamond drill hole,
Ravenswood West Project in Queensland  urn:newsml:reuters.com:*:nGLF8Ls215
    ** Molybdenite is an important ingredient added to steel to
increase its toughness and heat resistance while chalcopyrite is
one of the most important ore of copper
    ** Stock posts its biggest intraday percentage gain since
Dec. 15, 2021
    ** More than 3 mln shares change hands, compared with the
30-day average volume of about 580,000 shares
    ** Stock has fallen 2.6% this year, as of last close

 (Reporting by Jaskiran Singh)
 ((Jaskiran.Singh@thomsonreuters.com;))