Australia's Mt Monger Resources rises on gold, lithium finds

Metallium

16/05/2022 06:26

** Shares of Mt Monger Resources  MTM.AX  rise as much as
13.3% to A$0.170, mark their biggest intraday gain since April 5
    ** Says soil sampling has identified extensive gold
anomalism at its Albion project in Western Australia
 urn:newsml:reuters.com:*:nASX9QnfwS
    ** Adds a significant lithium anomaly was also defined in an
area with known pegmatite occurrences
    ** Says a reverse circulation drilling program is planned to
test the identified targets
    ** Shares hit their highest since May 11
    ** As of last close, stock up 11.1% this year

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