Australia's Estrella Resources rises most in near 4 months on nickel find at WA project

Estrella Resources

30/06/2022 04:46

** Shares of nickel explorer Estrella Resources  ESR.AX 
rise as much as 44.4% to A$0.026, their best intraday session
since March 8
    ** Estrella says high-grade assay results received from 5A
mine at Spargoville nickel project, Western Australia
 urn:newsml:reuters.com:*:nASX2TTCs8
    ** Says results indicate Estrella would transition to
producer status in near-term
    ** Co received approvals to extract 2000-4000 tonne
transitional metallurgical sample and transfer them to a
third-party processing facility 
    ** Shares hits their highest value since June 6
    ** More than 25.9 million shares change hands, compared with
the 30-day average volume of about 3.6 million shares
    ** Stock down 28% this year, as of last close

    

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))