Metalicity plays nearology game in Paterson province

NEVER one to skip out on a trend, Metalicity has pounced into the Pilbara’s Paterson province, driven by hot market rumours that Rio Tinto has made a major copper strike, applying for some cover two areas in the Western Australian region not under the London-based miner’s thumb.

The market has decided to back Metalicity's latest round of nearology. Shares in Metalicity spiked around 50% to A2.4c, valuing the company at $13.6 million in early trade.