Australia's Future Battery Minerals rises on upbeat resources estimate in US project

Ore Resources

15/04/2024 03:08

** Shares of Future Battery Minerals  FBM.AX  rise as much
as 5.56% to A$0.057, their highest level since April 8
    ** The mineral explorer on track for its best day since
March 27, if gains hold
    ** Co says large-scale initial mineral resource estimate
(MRE) for its Nevada Lithium Project (NLP)
    ** "To have advanced from the discovery hole at the NLP last
year to a large-scale maiden MRE at elevated grade, in less than
12 months, is a huge achievement," Managing Director and CEO
Nick Rathjen says 
    ** Stock has fallen ~26% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))