Australia's Summit Minerals eyes record gain on rare earths find

Western Ridge Resources

08/03/2023 24:53

** Shares of Summit Minerals Ltd  SUM.AX  climb as much as
57.7% to A$0.205 - set to mark their best day ever, if current
gains hold
    ** Rare earths firm says drilling in Stallion rare earths
project has outlined a broad, relatively shallow mineralised
zone that measures 1 km x 1.25 km
    ** Says stage 2 programme of works has been approved for
additional drilling to further expand on the intersected
mineralisation at the Stallion project
    ** Stock hits highest since Nov 16
    ** More than 6.4 mln shares change hands, 47 times the
30-day average volume 
    ** Stock down 16.1% this year, as of last close

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