Australia's Essential Metals hits over 2-week high on lithium production target

Essential Metals

05/09/2022 07:04

** Shares of mineral exploration and development firm
Essential Metals Ltd  ESS.AX  rise as much as 10.6% to A$0.47,
their highest since Aug. 19
    ** Says targeting lithium production in 2025 at its Pioneer
Dome Lithium Project located in Western Australia  urn:newsml:reuters.com:*:nASX7nd3yf
    ** Says appointed Primero, an engineering firm with
significant lithium project experience, to oversee preparation
of an independent scoping study for the project
    ** Posts biggest intra-day pct jump since Aug. 8
    ** Stock has more than doubled in value YTD, as of last
close 

 (Reporting by John Biju)
 ((John.Biju@thomsonreuters.com;))