Zenith minerals hits over 10-yr high on lithium find at Western Australia

Zenith Minerals

04/04/2022 04:45

** Shares of minerals explorer Zenith Minerals  ZNC.AX  rise
as much as 14.10% to A$0.445, its highest since Nov. 24, 2011
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02506324-6A1084957?access_token=83ff96335c2d45a094df02a206a39ff4
 wide, high-grade lithium mineralisation found at the Split
Rocks project in Western Australia
    ** Major expansion of the drill program at Rio pegmatite
target in the planning phase
    ** Campaign part of a larger initiative under the Zenith
Lithium JV with EV Metals Group
    ** A surge in lithium prices owing to a global demand for
electric vehicles and related battery metals has miners across
the world scrambling to cash in on the price surge
    ** ZNC posts its biggest intraday pct gain since Feb. 1;
marks its third straight gain session
    ** About 3.4 mln shares change hands, vs the 30-day average
of 406,000
    ** Stock has risen 56% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))