BUZZ-Australia's Impact Minerals rises on gold deposit land acquisition

Reuters
01/23
BUZZ-Australia's Impact Minerals rises on gold deposit land acquisition

** Shares of Australia's Impact Minerals IPT.AX rise as much as 4.3% to A$0.073, their biggest intraday pct gain in a week

** The mineral explorer says it will acquire 55 square km gold deposit area in New South Wales

** Deal totals A$150,000 ($102,645) in co's shares and cash

** Co says land package has potential copper and copper-gold deposits

** Stock up 1.4% so far this week, set for its sixth consecutive weekly gain, if current trend holds

** IPT stock lost 43.9% in 2025, but up 37.7% YTD

($1 = 1.4613 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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