Australia's Jindalee Resources climbs on lithium find at U.S. project

Jindalee Lithium

17/03/2022 03:26

** Shares of Jindalee Resources  JRL.AX  climb as much as
23.1% to A$3.25, mark their biggest intraday pct gain since Jan
5 
    ** The mineral explorer says assay results from diamond
drill holes returned thickest intercepts of lithium
mineralisation at its McDermitt lithium project in the United
States till date  urn:newsml:reuters.com:*:nASX6lvjYW
    ** Adds new drill data will be used to update the Mineral
Resource Estimate, which is expected to be complete by early
June quarter
    ** Shares hit their highest since Feb 10
    ** Trading volumes are 5.6 times the 30-day average of
70,322 shares
    ** As of last close, stock up 20% this year

    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))