Australia's Chalice Mining gains on copper-gold discovery at Tennant Creek project

By Reuters News

** Shares of Australia's Chalice Mining CHN.AX rise as much as 5.2% to A$0.9675, marking their biggest intraday pct gain since October 16

** Diversified miner reports shallow high-grade copper-gold discovery at its Kestrel prospect within the Warrego North project in Australia's Tennant Creek Mineral Field, Northern Territory

** Co says subsequent drilling intersected a broad copper-gold zone over about 500 metres of strike and to depths of around 140 metres

** Adds gravity survey will begin in upcoming weeks to guide follow-up drilling, with assays pending from eight additional holes

** More than 2.9 million shares change hands, about 1.6x the 30-day average

** YTD, stock down 56%, including session's moves

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.