Boadicea Resources' Shares Soar on Ricci Lee Copper Findings
Boadicea Resources has been forced to respond to an Australian Securities Exchange (ASX) query regarding its recent share price surge. The company's shares jumped from $0.09 to $0.125, accompanied by higher trading volumes.
According to Boadicea, there is no undisclosed information that could be driving the market interest. Instead, they attribute it to their recent announcement confirming high-grade copper at the Ricci Lee prospect.
The company has outlined its assay timetable, stating that drill sampling was completed on 16 September and lab results are expected by late October. To address concerns about data confidentiality, Boadicea emphasized that significant copper mineralisation was reported in the first six reverse-circulation holes, with assays from a further 40 holes still pending.
Boadicea Resources has reassured investors and regulators that it is complying with ASX continuous disclosure obligations. They have also confirmed that all recent investor communications have been limited to information already released to the market.