Australia's Lightning Minerals rises on lithium find at WA project

Guanajuato Silver

01/05/2023 06:45

** Shares of mineral explorer Lightning Minerals  L1M.AX 
jump as much as 19.4% to A$0.215, their highest since Feb. 15
    ** Co says three large lithium targets have been identified
at the Dundas project in Western Australia
    ** The final soil sampling results at the Dundas project
marks the end of co's Phase 1 exploration strategy, with
drilling to begin in June at its E63/2001 tenement
    ** Stock posts its biggest intra-day percentage gain since
April 24
    ** More than 1 mln shares have changed hands, compared with
the 30-day average of about 210,000 shares 
    ** Stock down ~21.3% since its IPO in last-November

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))