SMX shares surge 14.79% intraday after Strata Minerals reports high-grade gold discoveries in Western Australia.

SMX surged 14.79% intraday after Strata Minerals (ASX:SMX) announced drilling results confirming consistent, shallow, and high-grade gold oxide mineralisation at the Zelica project in Western Australia. The findings highlight the site’s strong exploration potential, bolstering investor confidence in the company’s resource development prospects. Other news items, including a racing-related media event and sparse financial updates, were deemed unrelated or insufficient to explain the significant intraday rally.