Novo Resources' Australian shares eye best day ever on SQM Australia JV

Novo Resources

19/12/2023 24:56

** ASX-listed shares of Novo Resources  NVO.AX  rise as much
as 63.3% to A$0.245 - set for best day ever, if gains hold
    ** Resources explorer says SQM Australia agreed to pay A$10
mln ($6.71 mln) for a 75% interest in five prospective
lithium-nickel tenements in West Pilbara, Western Australia,
forming Harding Battery Metals Joint Venture, and for an option
over additional Novo Pilbara tenements
    ** Stock hits highest level since Sept. 21
    ** About 1.0 mln shares change hands, compared with the
30-day average volume of 153,884
    ** Stock down 37.50% YTD, as of last close

($1 = 1.4908 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))