Australia's Jindalee Resources rises on increased mineral resource estimate
06/07/2022 01:47
** Shares of mineral explorer Jindalee Resources JRL.AX
rise as much as 5.9% to A$3.070, their highest since June 16
** Co announces a 170% increase in indicated mineral
resource estimate at its McDermitt Lithium Project in the U.S.
urn:newsml:reuters.com:*:nASX2DPz9F
** Says it is well funded to advance the development of
McDermitt Project with additional drilling and metallurgical
studies planned
** Shares mark their biggest intraday gain since June 27
** As of last close, stock up 31.8% this year
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))