Australia's Jindalee Resources climbs on MoU with Korean firm
13/02/2023 01:48
** Shares of Jindalee Resources Ltd JRL.AX jump as much as
16.3% to A$2.79, seeing their best day since March 17
** Lithium miner signs non-binding MoU with Korean
conglomerate POSCO Holdings Inc 005490.KS
** The two cos to undertake joint research designed to
optimise the flowsheet for processing ore from Jindalee's
McDermitt lithium project in the United States
** Says it will provide large composite sample from
McDermitt for testing at POSCO’s research facility in Korea
** Stock hits highest since Aug. 24
** More than 51,674 shares change hands, almost thrice the
30-day average volume
** Stock up 27.3% this year, as of last close
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))