Australia's Castle Minerals hits 4-year high as co gets exploration license in WA

Terranova Metals

07/02/2022 03:10

** Shares of Castle Minerals Ltd  CDT.AX  rise as much as
10.9% to A$0.071, their highest level since Nov 14, 2017
    ** The base metals explorer says it has now been granted 
37-block Martigallup licence adjacent to its Kendenup graphite
project in Western Australia  urn:newsml:reuters.com:*:nASXb25krB
    ** Says it has intersected graphite mineralisation in the
south of the Martigallup licence, which may represent an
extension to the Kendenup graphite horizon
    ** Trading volumes are 1.8 times the 30-day average of 23.7
mln shares
    ** As of last close, stock more than doubled in value this
year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))