Australia's Desert Metals jumps on Nickel, platinum group metals find in west
11/11/2022 03:31
** Shares of Desert Metals Ltd DM1.AX jump as much as
43.3% to A$0.43, on track to see their best day since Sept. 20,
if gains hold
** Nickel and copper miner says co has found significant
Platinum Group Elements (PGE) and Nickel results from drilling
in Innouendy project in Western Australia urn:newsml:reuters.com:*:nASX86BVQ2
** Says significant new zone of PGE has been found from
drilling at Innouendy
** Add, several thick, lower grade nickel intercepts have
been found during drilling in the project
** Shares hit highest since Nov 2
** More than 990,280 shares change hand, vs 30-day average
trading volume of 212,300 shares
** Shares down 16.7% YTD, as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))