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TDUX
Nov 02 - 10:55 PM
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Copper - Australia's Rarex Hits 2-Week High On Copper-Nickel Discovery At Niobe Project

By Paridhi Minda  —  Nov 02 - 09:17 PM

• Shares of Rarex Ltd rise as much as 10% to A$0.011, their highest level since October 14

• Stock logs six consecutive session of gains

• The diversified miner says maiden drilling at its Khaleesi Project in Western Australia confirmed a copper-nickel sulphide system at the Niobe prospect

• Plans to begin an induced polarisation survey at Niobe in November to target higher concentrations of copper sulphides

• YTD, stock down 57.7%, including the session's moves

(Reporting by Paridhi Minda in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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