Australia's Battery Minerals jumps on gold project acquisition

Waratah Minerals

17/10/2023 03:36

** Shares of Battery Minerals  BAT.AX  surge as much as 56%
to A$0.039, posting their biggest intraday pct gain since Oct.
16, 2020    
    ** The battery metals explorer enters into a binding
agreement to acquire the Spur project in eastern Australia
    ** Multiple gold targets have been identified at the project
including near-term and high-impact drill targets
    ** BAT says drilling activity is expected to commence in
December
    ** Stock hits highest level since Sept. 21
    ** More than 400,000 shares change hands, compared with the
30-day average of about 118,000 shares 
    ** As of last close, stock down ~79.2% YTD
    


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