Australia's Moho Resources climbs on deal with Yandal Resources

Yandal Resources

11/11/2021 04:25

** Shares of Moho Resources  MOH.AX  climb as much as 5% at
A$0.063, highest level since Oct 25 
    ** The gold and nickel focused miner enters into binding
heads agreement to buy interest in 20 mining tenements at Silver
Swan North with gold explorer Yandal Resources Ltd  YRL.AX 
 urn:newsml:reuters.com:*:nASX2PwdMb
    ** Adds, under agreement MOH to acquire the right to access
and sell all nickel, copper, cobalt and platinum group elements
extracted from tenements 
    ** Co says it will sell four mining tenements under option
while retaining the rights for nickel and NSR gold royalties 
    ** Shares of YRL climb as much as 7% to A$0.460, set for its
biggest single day percentage rise since Oct 29 
    ** More than 1 mln MOH shares change hands, ~3 times their
30-day average of 392,017 shares
    ** As of last close, MOH had fallen 33.3% as of last close

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))