Shares of Octava Minerals experience a rise as high as 6.3% to A$0.085, marking its highest level since July 26.

Octava Minerals, a metals explorer, reports that sampling from the Yallalong project in Western Australia has unveiled possible nickel, copper, and cobalt ores.

The company also indicates that efforts towards acquiring heritage clearance, which would enable drilling, are currently underway.

Despite the recent uplift, the stock had fallen 33.3% this year as of the last close.

Octava Minerals (ASX:OCT) is a metals explorer that primarily focuses on the extraction of nickel, copper, and cobalt ores.