Australia's NickelX up on option agreement for lithium and nickel projects

Strata Minerals

04/07/2023 03:21

** Shares of exploration co NickelX Ltd  NKL.AX  rise as
much as 56.7% to A$0.105 - their highest since Nov. 24
    ** NKL last up 47.8% - set for its best day ever, if gains
hold 
    ** Co executes exclusive option to acquire Ransko
nickel-copper-cobalt and Otov hard rock lithium exploration
projects in the Czech Republic
    ** Says Ransko project contains a historical dataset from 7
known sulphide deposits, while Otov hosts significant spodumene
mineralisation 
    ** Trading volumes 30.2 times the 30-day average of 228,397
shares
    ** As of last close, stock down 16.3% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))