Australia's Blackearth jumps as co launches battery materials study

Evion NL

07/09/2022 05:59

** Shares of Blackearth Minerals NL  BEM.AX  rise as much as
13.8% to A$0.099, their biggest intraday pct gain since July 26
    ** Co says it started study to build a plant that will
convert graphite from co's Maniry project in Madagascar into
battery anode material required for production of lithium
batteries  urn:newsml:reuters.com:*:nASXnb2pm
    ** Study will look at the possibility of building a
manufacturing plant for producing purified graphite in Europe -
Blackearth 
    ** Says Maniry Definitive Feasibility Study is set for
completion next month
    ** Co shares hit highest level since Aug 22
    ** Blackearth shares down 27.5% YTD, as of last close 
    

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