Australia's Centaurus Metals jumps on results from Brazil nickel project

Centaurus Metals

20/07/2022 03:20

** Shares of mineral explorer Centaurus Metals  CTM.AX  rise
as much as 12.5% to A$1.08, their best intraday gain since Jan.
11
    ** Says recent drilling at its Jaguar Nickel Sulphide
project in northern Brazil is expected to contribute to an
increase in the global mineral resource estimate  urn:newsml:reuters.com:*:nASX6tSNZY 
    ** CTM's managing director says the results represent a
major step to de-risking the project
    ** Stock hits highest level since June 9
    ** CTM down 13.5% YTD, as of last close

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))