Nickelsearch soars on partnership with Allkem for Western Australia project

Antares Metals

12/09/2023 05:24

(Updates share moves, milestones)
    ** Shares of Nickelsearch  NIS.AX  surge as much as 138.7%
to A$0.074 to post their biggest-ever intraday jump 
    ** Mineral resources explorer agrees on technical tie-up
with lithium miner Allkem  AKE.AX  to assess lithium potential
at co's Carlingup Nickel Sulphide Project in Western Australia 
    ** Says Allkem will review lithium-related data for project
and advise on target generation and prioritization 
    ** NIS says it will undertake additional rock chip sampling
and stream sediment sampling to refine high-priority lithium
target areas under Allkem's guidance
    ** NIS shares hit highest level since July 13
    ** About 41 mln shares exchange hands vs 30-day average
trading volume of 409,374 shares 
    ** NIS shares down 80.4% YTD, as of last close 
   

 (Reporting by John Biju and Echha Jain in Bengaluru)
 ((John.Biju@thomsonreuters.com;))