Shares in the battery minerals explorer Zenith Minerals (ASX:ZNC) have seen a significant increase of as much as 11.4% to A$0.078, marking its most substantial intraday percent gain since 14 July.

The company announced that it defined 30 new lithium targets at the Split Rocks lithium project based in Western Australia.

‘These new targets are an addition to the significantly large Cielo target that we reported on earlier this year,’ the company stated.

In trading news, more than 375,000 of the company’s shares exchanged hands, a considerable increase compared to the 30-day average of around 155,000 shares.

However, the company’s stock is down approximately 73.6% this year as of the most recent close.

Zenith Minerals is a battery minerals exploration company whose primary focus is on identifying lithium targets.