Australia's Pure Resources surges most in a month on lithium, gold finds

Pure Resources

05/01/2023 24:55

** Shares of Pure Resources Ltd  PR1.AX  rise as much as
22.8% to A$0.350, their biggest intraday pct gain since Dec. 2 
    ** Miner says preliminary results from geological fieldwork
campaign at its Laforge Lithium project in Canada show
prospective for lithium and gold style mineralisation
    ** Says further investigation is ongoing to fully evaluate
the extent of possible lithium mineralisation at project
    ** Stock posts its highest since Dec. 9
    ** More than 316,000 shares change hands, vs the 30-day
average volume of 179,000 shares
    ** PR1 gained nearly 28% in 2022; it's IPO was in April 2022
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))