Australia's Prospect Resources up on Zimbabwe mine lithium discovery

Prospect Resources

18/10/2023 05:11

** Shares of Prospect Resources  PSC.AX  rise as much as
55.4% to A$0.115, their highest level since Aug. 25 
    ** Australian miner's stock on track for best day since Feb.
7, if gains hold
    ** Co says significant lithium discovery at Step Aside
Lithium Project (Step Aside) in Zimbabwe 
    ** Adds, potentially represents a feeder zone for the
defined spodumene mineralisation identified to the north during
the earlier drilling phases at Step Aside
    ** About 4.9 million shares change hands at 03:27 GMT, about
19.5 times the 30-day average  
    ** Stock down ~38% this year, as of last close


 (Reporting by Sherin Sunny in Bengaluru)