Australia's Argosy Minerals hits over two-decade high on drilling progress

Argosy Minerals

23/09/2022 02:20

** Shares of Argosy Minerals Ltd  AGY.AX  rise as much as
3.4% to A$0.61, their highest since Oct 1, 1997
    ** Lithium explorer says drilling programmes progressing at
Rincon project in Argentina  urn:newsml:reuters.com:*:nASX1wzhr9 
    ** Says production well drilling programme progressing
better than scheduled, with one of the two wells hitting target
depth of 300 meters reaching a total depth of 350 meters 
    ** Says exploration diamond drilling programme progressing,
with one borehole hitting a depth of 270 meters against a target
depth of 300 meters and deeper 
    ** About 3.1 mln shares change hands, compared with the
30-day average of 2.1 mln shares a day  
    ** Shares up 5% YTD, as of last close
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))