BUZZ-Australia's Strategic Energy Resources jumps on cross-border JV

Reuters

01/19

BUZZ-Australia's <a href="https://laohu8.com/S/SER.AU">Strategic Energy</a> Resources jumps on cross-border JV

** Strategic Energy Resources SER.AX jumps as much as 14.3% to A$0.008; set for strongest intraday trading session since January 13

** Mineral explorer executes joint venture agreement with Sumitomo Metal Mining Oceania Pty (SMMO) at Bulimba Gold Project

** Says SMMO can earn up to 80% interest through A$6 mln (~$4 mln) expenditure; up to 90% through completion of definitive feasibility study

** Sees minimum A$600,000 JV expenditure commitment in first 12 months

** SER up 23.1% YTD

($1 = A$1.4970)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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