Australia's Tombola set for best day in 1 month on higher mineral estimate

Tombola Gold

16/09/2022 03:35

** Shares of Tombola Gold  TBA.AX  rise as much as 9.1% to
A$0.036, on track for their best day since Aug 17, if gains hold
    ** Co reports https://www.asx.com.au/asxpdf/20220916/pdf/45f50ysq7bfs5x.pdf
 mineral resource estimate of 72,000 oz (ounces) of gold for the
first time at its Wynberg and Wallace South projects in
Queensland
    ** Says co remains on track for gold production in 2022
    ** More than 1.7 mln shares change hands, compared with the
30-day average of about 1.3 mln shares 
    ** Tombola stock up ~10% this year, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))