Metals Australia surges on "outstanding" graphite sample production in Canada

Metals Australia

27/07/2022 03:29

** Shares of Metals Australia  MLS.AX  rise as much as 21.1%
to A$0.063, their highest since June 9
    ** Mineral explorer says completed phase two metallurgical
testwork, producing a bulk graphite concentrate sample from its
Lac Rainy project in Canada  urn:newsml:reuters.com:*:nGLF3rjXYz
    ** Stock posts its biggest intraday pct gain since May 18
    ** Says testwork produced pilot scale bulk sample of
graphite concentrate that met the required specifications for
downstream lithium-ion battery testwork
    **  More than 8.9 mln shares change hands, vs the 30-day
average volume of 5.2 mln shares
    **  Stock up 30% YTD, as of last close


 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))