Australia's TG Metals jumps on lithium target find at WA project

TG Metals

01/05/2024 05:08

** Shares of TG Metals  TG6.AX  rise as much as 9.8% to
A$0.225, their highest since April 12
    ** Stock posts its biggest intraday percentage gain since
April 23
    ** Lithium explorer says independent consultants have
defined a potential significant hard rock lithium target deposit
at its Lake Johnston Project in Western Australia
    ** Adds size, grade and geometry of deposit provides a
standalone mining and processing opportunity at project
    ** About 228,000 shares change hands, compared with the
30-day average volume of nearly 159,000
    ** Stock down 46.8% YTD, as of last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))