Australia's Balkan Mining jumps on permit for lithium project

Bayan Mining and Minerals

09/08/2023 06:04

** Shares of Balkan Mining and Minerals Ltd  BMM.AX  surge
as much as 31.4% to A$0.230, highest since July 10
    ** Stock logs its biggest intraday pct gain since Sept 2022
    ** The miner gets exploration permit for Gorge Lithium
Project from the Ontario ministry of mines
    ** Says 3-year permit paves way to start maiden drill
program
    ** Stock last up 14%, cutting YTD losses to ~39% from ~47%
(as of Tues close)

 (Reporting by Shivangi  Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))