Australia's West Cobar Metals jumps on staking mining areas in U.S.

West Cobar Metals

24/03/2023 01:59

** Shares of West Cobar Metals Ltd  WC1.AX  jump as much as
6.3% to A$0.085; on track for best day since March 13, if gains
hold
    ** Copper miner says it has staked 242 mining claims in Nye
and Esmeralda counties near Tonopah in Nevada, United States
    ** Says ground exploration and reverse circulation drilling
planned to test the prospect areas for claystone-hosted lithium
mineralisation
    ** Stock down 52.9% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))