Australia's Zenith Minerals jumps most in 6 weeks on lithium find

Zenith Minerals

16/11/2022 01:41

** Shares of battery minerals explorer Zenith Minerals Ltd
 ZNC.AX  rise as much as 8.8% to A$0.310, post their biggest
intraday pct gain since Oct. 5 
    ** Co says first diamond core assays from ongoing drilling
campaign at Rio Pegmatite, Split Rocks Project situated between
Perth and Kalgoorlie returned significant lithium
    ** Says drilling results over two intervals showed lithium
extracts totalling 49 meters in thickness  
    ** Shares hit their highest level since Oct. 20 
    ** More than 890,200 shares change hands, compared with the
30-day average volume of ~198,660 shares  
    ** Stock up 14% this year, as of last close, compared with a
4.1% decline in the benchmark S&P/ASX 200 index  .AXJO  
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))