Australia's Lake Resources rises on positive testing updates from Argentina project

Lake Resources NL

03/04/2023 01:59

** Shares of Lake Resources NL  LKE.AX  rise as much as
19.1% to A$0.530
    ** The lithium miner says in partnership with its DLE
technology partner, Lilac Solutions Inc, announces independent
testing of lithium carbonate produced from their joint Kachi
Project in Argentina 
    ** Adds testing confirms grades and purity greater than
99.8%
    ** Stock posts its biggest intraday pct gain since Sept 19,
2022
    ** More than 10.7 mln shares change hands, vs the 30-day
average volume of 10.5 mln shares
    ** Lake Resources stock down 44.4% this year, as of last
close
    
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))