Australia's Lunnon Metals rises on nickel find in Kambalda deposit

Lunnon Metals

08/12/2023 03:00

** Shares of Lunnon Metals  LM8.AX  rise as much as 3.9% to
A$0.675, set for their best day since Oct 26, if gains hold 
    ** Stock hits its highest level since Nov 30 
    ** The nickel sulphide-focused explorer says premium grade
nickel concentrate found in Foster South deposit in Kambalda
nickel project, Western Australia 
    ** Says copper and cobalt recoveries and concentrate grades
add further value
    ** Stock down 27.4% this year, as of last close
    

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