Australia's Yugo Metals rises on government approval for Petrovo tenement application

Yugo Metals

23/03/2026 04:19

** Shares of Yugo Metals YUG.AX rise 1.9% to A$0.052

** Stock had risen as much as 5.7% earlier in the session

** Perth-based explorer says Government of the Republic of Srpska (Bosnia and Herzegovina) has formally approved its application for the 100%-owned Petrovo tenement

** Approval unlocks access to advance compelling high-grade polymetallic systems in Europe — with exceptional grades of nickel, zinc, lead, antimony, and gold and silver mineralisation on surface

** About 1.6 million shares change hands, 4.7x 30-day average

** Stock down 6.95 this year, including the day's move

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))