Australia's Zenith Minerals surges on new drill target in Western Australia

Zenith Minerals

06/09/2022 06:50

** Shares of battery minerals explorer Zenith Minerals
 ZNC.AX  rise as much as 11.9% to A$0.33, eyeing their best
session since July 22
    ** ZNC says new nickel-copper-platinum group element drill
target defined  urn:newsml:reuters.com:*:nASX23mKml
    ** New target located within the Waratah Well project in
Western Australia and is part of the Zenith Lithium Joint
Venture with EV Metals group
    ** Drill testing at new target scheduled for late September
to early October, says co
    ** Shares hit their highest level since Aug. 2
    ** More than 446,000 shares change hands, compared with the
30-day average volume of about 256,000 shares
    ** Stock up ~18% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))