Australia's Dart Mining rises on earn-in for lithium project
16/12/2022 05:09
** Shares of Dart Mining NL DTM.AX rise as much as 6.6% to
A$0.065, their biggest intraday pct gain since Nov. 11
** The base metals and gold miner grants Sociedad Química y
Minera de Chile S.A SQM SQM.N the right to sole fund
exploration expenditure on its Dorchap lithium project in
Victoria, Australia
** Total expenditure will be about A$12 mln ($8.06 mln) over
next six years and SQM can earn more interest in the project as
it funds more exploration
** Adds it has created a technical advisory committee with
SQM to review the project and work on development programs
** Stock has fallen 27.4% this year, as of last close
($1 = 1.4892 Australian dollars)
(Reporting By Udbhav Krishna P in Bengaluru)
((UdbhavKrishna.P@Thomsonreuters.com))