** Shares of CZR Resources CZR.AX rise 7.1% to A$0.3, their highest level since August 2, 2024
** Mineral explorer says it received a conditional proposal from Robe River JV to acquire co's tenements in Robe Mesa Iron Ore project for A$75 million ($47.27 million)
** Robe River is a JV between various units of Rio Tinto RIO.AX, Mitsui & Co 8031.T and Nippon Steel 5401.T — co
** Over 2 million shares change hands, vs the 30-day average of 682,842
** Stock rose as much as 8.9% earlier in the day, marking its biggest intraday gain since June 24, 2024
** CZR up 42.9% YTD
($1 = 1.5868 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
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