Australia's Eastern Resources jumps on drilling nod for lithium project

Eastern Resources

19/09/2023 03:52

Sept 19 (Reuters) -    ** Shares of Australian iron
ore-lithium explorer Eastern Resources  EFE.AX  as much as 37.5%
to A$0.011, marking their biggest intraday jump since October
2022
    ** Says program of work approved for drilling at the
Lepidolite Hill lithium project in Western Australia
    ** Adds, upcoming drill program at the Lepidolite Hill
project would assess potential for lithium mineralisation
    ** Says project has significant potential for further
discoveries of lepidolite, petalite and spodumene - all lithium
minerals with different compositions
    ** Co at its highest level since Aug. 25
    ** Around 8.9 million shares traded, compared with the
30-day average volume of 991,367
    ** Stock down 72.4% YTD, as of last close
    

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))