Dow Jones Africa Titans 50 Index

Index

DJAFK

Market Closed - USA 06:03:03 2024-04-26 pm EDT			5-day change	1st Jan Change
462 ^PTS	+1.81%		+2.72%	+2.84%

Apr. 28	One migrant dies, 25 rescued off Greek island	RE
Apr. 28	At least 23 civilian force members killed in northern Nigeria, officials say	RE

Tectonic Gold hails long-term commercial value of project

December 21, 2023 at 04:56 pm EST

Tectonic Gold PLC - mineral explorer in Australia and South Africa - Net asset value per share falls 18% to 0.0033 pence as at June 30 from 0.0040p a year prior, as market capitalisation declines to GBP3.5 million from GBP10.4 million over the same time. Citing the Specimen Hill project in Australia's Queensland, Chair Bruce Fulton says: "Monazite, a significant source of rare earth metals such as cerium, lanthanum, and neodymium and is in high demand in high-tech industries such as electronics, renewable energy, and electric vehicles. While the additional regulatory hurdles are a minor hindrance, the long-term commercial value of the project is enhanced with this outcome."

Current stock price: 0.27 pence, up 23% on Thursday

12-month change: down 61%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BIST 30	10,732 PTS	+2.39%	+1.94%	-
DOW JONES SOUTH AFRICA(ZAR)	1,962 PTS	+1.81%	+2.51%	-
DOW JONES AFRICA TITANS 50 INDEX	462 PTS	+1.81%	+2.72%	-
S&P AFRICA 40 INDEX	157.6 PTS	+3.21%	+3.49%	-

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