Carnaby Resources rises on finding lithium anomaly at Western Australia project

Carnaby Resources

01/12/2021 24:49

** Shares of Carnaby Resources  CNB.AX  climb as much as
32.7% to A$0.325, set for their best session since June 24
    ** The mineral explorer says soil sampling results from its
Big Hill Project in Western Australia have highlighted a large
lithium soil anomaly  urn:newsml:reuters.com:*:nASX8Pqjh5
    ** Says the anomaly is associated with elevated caesium and
tantalum, confirming a lithium-caesium-tantalum pegmatite type
target
    ** Shares hit their highest since Sept. 28
    ** Volumes are 9.8 times the 30-day average of 120,389
shares
    ** As of last close, stock down about 38% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))