Australia's Chesser Resources up 7% on improved inventory at gold project

Chesser Resources

12/12/2022 03:22

** Shares of Chesser Resources  CHZ.AX  climbs as much as
6.6% to A$0.081, their highest level since Sept. 29
    ** Says total project mining inventory at its Diamba Sud
gold project in western Africa increased 17%, while initial
capital costs are expected to be lower, which shows improved
financial potential for the project
    ** Managing Director and CEO Andrew Grove says resource
growth is expected to continue at the project and its adjacent
tenement 
    ** Stock logs biggest intraday pct gain since Nov. 11
    ** CHZ down 39.2% YTD, as of last close 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))