Australia's Strickland Metals hits 3-week high on securing heritage approvals

Strickland Metals

05/01/2023 24:33

** Shares of Strickland Metals Ltd  STK.AX  rise as much as
10% to A$0.044, their highest level since Dec 12, 2022
    ** Stock set for best session since Nov 14, if gains hold
    ** The mineral explorer announces heritage clearance for
Iroquois Project, located in Western Australia, and a number of
surrounding targets to the north-west
    ** Adds clearances allow for extensive drill testing of the
main Iroquois structure
    ** Co further expects the demerger process for Iroquois
Zinc-Lead Project and Bryah Basin Project to be completed during
the current half-year period
    ** Strickland stock lost about 45% in 2022
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))