Australia's Lithium Plus Minerals climbs on nearing drilling at flagship project

Lithium Plus Minerals

15/06/2022 03:54

** Shares of lithium explorer Lithium Plus Minerals  LPM.AX 
rise as much as 55.9% to A$0.460; set for their best day, if
gains hold
    ** Co says mining management plan for its flagship Bynoe
Lithium Project has been approved by the Northern Territory
Department of Industry, Tourism and Trade  urn:newsml:reuters.com:*:nASX7XhScX
    ** Says drilling contractor GeoDrilling has been secured to
undertake an initial program of reverse circulation drilling
    ** Adds drilling activities are expected to commence by
early July 2022
    ** Shares hit their highest since June 3
    ** More than 1.3 mln shares trade hands, 2.8 times the
30-day average of 481,980 shares
    ** As of last close, stock has fallen 57.9% since April
debut

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))