Australia's Pacific Bauxite soars on stake buy in Queensland gold project

Western Yilgarn NL

15/11/2019 02:44

** Shares of Pacific Bauxite Ltd  PBX.AX  skyrocket as much
as 75% to A$0.007, their highest since Aug 5
    ** Mineral explorer to acquire 50% of Ebagoola South Gold
Project in Queensland from Perth-based gold explorer Australian
Metals Corp  urn:newsml:reuters.com:*:nFWN27U11T
    ** Co to form 50-50 joint venture over the project with
Aurum Pacific Group, the parent company of Australian Metals
Corp
    ** Stock posts its biggest intraday percentage gain since
Feb 4, 2013
    ** About 2.9 mln shares change hands, compared with the
30-day average of 726,400 shares
    ** Stock had fallen 71.4% this year, as of last close

 (Reporting by Nikhil Subba in Bengaluru)
 ((Reuters Messaging:
Nikhil.Subba.thomsonreuters.com@reuters.net))