Australia's Lunnon Metals rises on nickel find at WA project

Lunnon Metals

03/12/2021 04:03

** Shares of mineral explorer Lunnon Metals  LM8.AX  jump as
much as 10.3% to A$0.375, their biggest weekly intraday pct gain
since Aug 13
    ** Lunnon Metals says drilling project has revealed nickel
sulphides at East Cooee, part of co's Kambalda nickel project in
Western Australia  urn:newsml:reuters.com:*:nASX413Tzl
    ** Says goal is to report a maiden mineral resource as soon
as possible in 2022
    ** More than 250,000 shares change hands, compared with the
30-day average of about 120,000 shares 
    ** As of last close, stock down 20% since its IPO in June


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))