Australia's Forrestania Resources rises most in a week on new lithium target

Forrestania Resources

05/09/2022 03:45

** Shares of lithium exploration co Forrestania Resources
 FRS.AX  rise as much as 16.7% to A$0.175, eyeing their best
session since Aug. 26
    ** FRS says untested target area identified near Gem
pegmatite mine in Western Australia, prospective for lithium
 urn:newsml:reuters.com:*:nASX9Fjwc
    ** Initial drilling at new target expected in December
quarter
    ** Shares hit their highest levels since Aug. 29
    ** Stock down ~46.4% this year, as of last close

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