BUZZ-Aussie rare earths explorer Octava Minerals soars on antimony prospects

Reuters09-17

** Shares of Octava Minerals soar as much as 191.7% to A$0.140, their best intraday pct gain

** OCT stock touches its highest level since early July 2023

** More than 16.7 mln shares change hands, a whopping 336 times its 30-day average of around 50,000 shares

** Says drilling Yallalong Discovery project in Western Australia shows potential for high-grade antimony mineralisation

** Co says there are several undrilled antimony targets with recorded high-grade samples

** Antimony is a metalloid used as a flame retardant, to make photovoltaic glass, and it also has military applications

** Record high prices of antimony also benefiting explorers of the metalloid

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com; Twitter: ))

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