M&A

Traka shares soar on WA gold deal

TRAKA Metals is upping its gold game by swapping its 20% free-carried interest in the Mt Cattlin North tenements, which are operated by Western Australian lithium miner Galaxy Resources, for 100% of the gold and other mineral rights.

Maori Queen was mined in the early 1900s.

Maori Queen was mined in the early 1900s.

The junior's shares jumped as much as 430% to a two-year intraday high of 5.3c on the news, with a massive surge in trading. Traka managing director Patrick Verbeek said that after decades of inactivity...

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