BUZZ-Australia's Boab Metals jumps on unit's $30 mln deal with logistics co

Reuters
10 Dec 2024
BUZZ-Australia's <a href="https://laohu8.com/S/PMY.AU">Boab Metals</a> jumps on unit's $30 mln deal with logistics co

** Boab Metals BML.AX soars as much as 19.2% to A$0.155, highest since Nov. 6

** Precious metals miner's unit executes $30 mln binding offtake agreement with leading logistics giant Trafigura Asia

** Funds will be used to build and develop the flagship Sorby Hills Lead-Silver-Zinc project in Western Australia - BML

** Stock posts biggest intraday percentage gain since Oct. 21

** Around 1.6 mln shares traded vs the 30-day avg of 501,700 in stock's busiest day since Oct. 30

** BML down 21.2% this year, as of last close

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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