Australia's Kuniko rises on high-grade lithium finds in Sweden

Kuniko

04/01/2024 24:33

** Shares of Kuniko  KNI.AX  rise as much as 17.2% to
A$0.325, set for their best day since Dec. 22 - if current gains
hold
    ** Stock hits highest level since Dec. 22 
    ** Battery metals miner says significant lithium grades
found at Väne Ryr Pegmatite Project in Sweden 
    ** Co says the prospect is considered to hold significant
potential for Lithium-related mineralisation 
    ** Adds co and McKnight Resources AB to jointly develop the
projects in Sweden with co holding 70% of interest in the joint
venture 
    ** About 217,225 KNI shares change hands, compared with the
30-day average volume of 32,153
    ** Kuniko dropped 41.2% in 2023, falling for a second year
in a row 

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))