Australia's Kuniko jumps on cobalt find at Norway project
11/08/2023 03:53
** Shares of mineral explorer Kuniko KNI.AX rise as much
as 16.2% to A$0.43, their biggest intraday gain since July 3
** Co says robust cobalt mineralization extensions revealed
at the Skuterud cobalt project in Norway
** Says the project has achieved significant progress
through two successful drilling campaigns, affirming its
prospectivity and potential for high-grade cobalt mineralization
** Stock hits highest level since Aug 3
** As of last close, stock down ~27.5% this year
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))