Australia's Estrella Resources jumps on mining high-grade nickel sulphide ore

Estrella Resources

05/01/2023 02:49

** Shares of Estrella Resources Ltd  ESR.AX  jump as much as
10.3% to A$0.016, their highest since Dec 19, 2022
    ** Nickel miner says mining and crushing of high-grade
nickel sulphide ore at its 5A nickel mine in Western Australia
completed successfully
    ** Estimates that it will be able to truck ~2,500 tonnes of
the ore to Australian miner Glencore’s Murrin Murrin
high-pressure acid leach process facility in January
    ** Stock posts its biggest intraday pct gain since Dec. 29,
2022
    ** Almost 4 mln shares change hands, vs the 30-day average
volume of 3.4 mln shares
    ** Stock up 3.6% so far this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))