Australia's Latin Resources soars on lithium finds in Brazilian prospect

Latin Resources

05/10/2022 03:12

** Shares of Latin Resources Ltd  LRS.AX  gain as much as
19.1% to A$0.125, their biggest intraday pct gain since Aug 24
    ** The mineral explorer confirms multiple high-grade lithium
bearing pegmatites at the Colina West Prospect in Brazil
    ** Says resource definition diamond drilling at Colina
remains on track for the delivery of a maiden Joint Ore Reserves
Committee Mineral Resource Estimate in December
    ** Shares at their highest level since Sept 15
    ** Stock set for a second straight session of gains 
    ** About 22.8 mln shares exchange hands vs the 30-day
average of 12.7 mln shares 
    ** Stock up 262.1% this year, as of last close 
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))