Nickelsearch surges on collaboration with Allkem for W.Australia project

Antares Metals

12/09/2023 02:03

** Shares of Nickelsearch Ltd  NIS.AX  rise as much as 87.1%
to A$0.058, to post their biggest-ever intraday jump 
    ** Mineral resource co agrees on a technical collaboration
with lithium miner Allkem  AKE.AX  
    ** Says collaboration to assess lithium potential at co's
Carlingup Nickel Sulphide Project in Western Australia 
    ** Says Allkem will review the lithium-related data for
project and advise on target generation and prioritization under
collaboration 
    ** Co's shares hit highest level since Aug. 28
    ** About 5.5 mln shares change hand at 0055 GMT compared to
30-day average trading volume of 409,374 shares 
    ** Shares of co are down 80.4% YTD as of last close 
   

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