Australia's Metal Bank jumps on strong cobalt grades in Queensland project

Metal Bank

14/10/2022 04:59

** Shares of Australia's Metal Bank  MBK.AX  rise as much as
12.5% to A$0.005, their highest since Aug. 31
    ** The mineral explorer says strong cobalt grades found at
Millenium copper-cobalt-gold project in Queensland  urn:newsml:reuters.com:*:nASX1cRKvn
    ** Says cobalt grades reiterate Millennium as one of
Australia's highest-grade undeveloped battery metals projects
    ** Stock has risen 28.6% this month so far, on track for
first month of gains since July
    ** Still, YTD losses, as of last close, are ~43%
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))