Stelar Metals Ltd Responds to ASX Price Query
Key points
- No undisclosed information affecting share price
- Promising tungsten project results attract market interest
- Company confirms compliance with ASX Listing Rules
Full summary
Stelar Metals Ltd responded to an ASX query about a significant increase in its share price and trading volume. The company confirmed that there was no undisclosed information that could explain the recent trading activity. Instead, the company attributed the market interest to promising results from its Hill of Leaders Tungsten Project, including high-grade tungsten assays and new drill targets identified from an airborne survey. The company also confirmed its compliance with ASX Listing Rules, including Rule 3.1, and assured that its responses were authorized by the board.
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