Australia's Neometals gains most in 4 months on lithium recovery results
04/10/2023 05:46
** Shares of Australian sustainable battery materials
producer Neometals NMT.AX rise as much as 16.1% to A$0.36,
marking their best intraday pct gain since June 1
** Co says new lithium recovery flowsheet results improve
lithium yields from 83% to more than 93% at Primobius' LiB
recycling Hub
** Adds, hydrometallurgical refinery trials produced lithium
fluoride with 95% purity, to offer operating and capital cost
savings
** More than 1.3 mln shares change hands as of 0421 GMT vs
the 30-day average of around 1.1 mln shares
** Stock down 61.2% YTD, as of last close
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))