PVW Resources rises as study confirms 'xenotime' rare-earths at WA project

Union Star Metals

07/12/2021 24:35

** Shares of mineral explorer PVW Resources  PVW.AX  climb
as much as 20.5% to A$0.530, post their best intraday session
since Oct 26
    ** Co says mineralogical study conducted on rock chip
samples from its Tanami project in Western Australia confirms
that heavy rare-earths elements are contained in a xenotime
mineralisation  urn:newsml:reuters.com:*:nASX7rvjtl
    ** Says xenotime mineralisation is significant as it
contains high percentage of dysprosium and terbium elements,
which are used in making permanent magnets
    ** Shares hit their highest since Nov 18
    ** Volumes are 1.9 times the 30-day average of 372,912
shares
    ** As of last close, stock more than doubled in value this
year
    

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