Australia's Balkan Mining jumps on lithium find at Canada project

Bayan Mining and Minerals

16/12/2022 04:23

** Shares of Balkan Mining and Minerals Ltd  BMM.AX  jump as
much as 16.1% to A$0.36, on track for best week since Sept. 9,
if gains hold
    ** Stock hits its highest level since Sept. 29, on Friday
    ** Co says sampling results from early stage confirmed
"strong presence of open lithium mineralisation" at its Gorge
Lithium project in Canada
    ** BMM eyes third consecutive weekly gain
    ** Stock has fallen ~36% YTD, as of last close
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))