Adavale Resources jumps on awarding drilling contract to Bamboo Rock

Major Drilling International

21/04/2021 04:03

** Shares of Adavale Resources  ADD.AX  soar as much as 5.4%
to A$0.059
    ** ADD is on track to post its second consecutive session of
gains 
    ** Nickel sulphide explorer announces it has awarded the
maiden drilling contract for its Kabanga Jirani nickel sulphide
project in Tanzania to contractor Bamboo Rock Drilling Group
 urn:newsml:reuters.com:*:nASX5b4qQq
    ** Says their mobilisation of rig will be done in June 2021
    ** Bamboo Rock are a seasoned African drilling contractor
with a solid track record in Tanzania - Adavale Chairman Grant
Pierce
    ** More than 2.6 mln shares change hands, vs the 30-day
average volume of 2.1 mln shares
    ** Stock has risen 9.8% this year, as of last close

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))