Lunnon Metals rises on finding high-grade nickel at Western Australia project

Lunnon Metals

19/10/2021 05:50

** Shares of minerals explorer Lunnon Metals  LM8.AX  rise
as much as 12.2% to A$0.460, marking their biggest intraday pct
gain since Aug. 16
    ** Co says drilling results from the Hanging-wall prospect
at its Kambalda nickel project in Western Australia returned
further high-grade nickel  urn:newsml:reuters.com:*:nASX6rC6bt
    ** Says mineralised nickel sulphide system is emerging at
the prospect, adjacent to the existing infrastructure 
    ** Volume more than 9 times the 30-day average of 202,549
shares, at 1.8 mln shares
    ** As of last close, stock had fallen 3.5% since its June
debut
    

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