Australia's Kuniko rises on drilling permit grant for Norway project
14/03/2022 24:57
** Shares of miner Kuniko KNI.AX climb as much as 9.2% to
A$0.710, set for their best session since March 1 if gains hold
** Says https://www.asx.com.au/asxpdf/20220314/pdf/456zbx2wxq40zd.pdf
it has been granted a drilling permit at its Skuterud Cobalt
project in Norway
** We have three strong targets and plan to develop this
important project as fast as possible - KNI
** Says preparations for sampling across four project sites-
Skuterud, Ringerike, Undal-Nyberget and Nord-Helgeland, are
proceeding smoothly
** Stock hits highest level since March 4
** More than 340,000 shares have changed hands, compared
with the 30-day average of about 160,000 shares
** Stock down ~23.5% since its IPO in late-August, 2021
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))