Australia's Future Battery jumps on starting US lithium project drilling

Ore Resources

08/12/2023 03:12

** Shares of Australia's Future Battery Minerals  FBM.AX 
rise as much as 5.5% to A$0.077, their biggest intraday pct gain
since Nov. 22
    ** Lithium and nickel explorer says reverse circulation
drilling commenced at its Nevada Lithium Project, targeting the
Lone mountain prospect
    ** Adds drilling follows recent completion of diamond
drilling component of the Phase 3 program, and is designed to
deliver the project’s maiden mineral resource estimate in Q1 of
CY2024
    ** About 344,817 shares change hands, compared with the
30-day average volume of 1.3 mln shares
    ** Stock up 37.3% YTD as of last close

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))