Australia's Belararox rises on new exploration targets at NSW project
31/05/2022 03:50
** Shares of mineral explorer Belararox BRX.AX rise as
much as 24.6% to A$0.685, mark their biggest intraday gain since
May 3
** Co says prospectivity modelling at its Belara Project in
New South Wales has identified 34 new zinc-copper exploration
targets urn:newsml:reuters.com:*:nASX3kx1y3
** Says 11 of the new targets have a combined strike of 8
kilometres, which is about eight times the length of currently
known mineralisation at the project
** Shares hit their highest since May 19
** As of last close, stock has more than doubled in value
since debut on Jan. 28
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))