Auroch Minerals jumps after high-grade nickel intersected at project

Ore Resources

09/03/2022 01:33

** Shares of Auroch Minerals  AOU.AX  rise as much as 11.5%
to A$0.15
    ** Says that high-grade nickel sulphides intersected in
drill-hole at the Saint Andrews deposit of the Saints Nickel
Project in Western Australia
    ** Stock hits highest level since Nov. 25, 2021
    ** "Working hard on completing the Saints Scoping Study as
we look forward to potential near-term production" -  Managing
Director Aidan Platel 
    ** Nickel prices more than doubled on Tuesday, forcing the
London Metal Exchange (LME) to halt trading in the metal  MET/L 
    ** Stock has risen ~17% so far this year, compared with a
~20% decline in 2021

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))