Australia's Eastern Iron at near 10-yr high on partnership deal with Sichuan Yahua

Eastern Resources

15/11/2021 24:45

** Shares of Eastern Iron Ltd  EFE.AX  jump as much as 36.4%
to A$0.075, their highest since Feb 2012
    ** The iron ore explorer to develop lithium projects with
China-based lithium chemicals producer Sichuan Yahua Industrial
Group  002497.SZ  in Australia and other countries under a
partnership deal  urn:newsml:reuters.com:*:nFWN2S406S
    ** Partnership for supply of spodumene concentrates and
potential acquisition and development of spodumene projects in
Australia and other countries
    ** Stock posts its biggest intraday pct gain since Sept 17
    ** About 68.9 mln shares change hands, vs the 30-day avg
volume of 43.7 mln
    ** Stock up six times in value this year, as of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))