January 10, 2019 / 12:55 AM / 9 months ago

BUZZ-Australia's Orocobre hits 3-week high on positive drilling results

** Shares of lithium carbonate supplier Orocobre Ltd gain as much as 5.9 pct to A$3.59, highest since Dec. 20

** Drilling at Cauchari JV between co and Advantage Lithium Corp in Argentina is complete and has confirmed significant expansion in lithium and potassium mineralisation

** “Phase III drilling program has successfully extended the footprint of the resource area to the south and at depth”, Orocobre MD and CEO Richard Seville said

** Stock on track for fourth straight sessions of gains

** In the past 12 months, stock has declined more than 50 pct

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