Leeuwin Minerals (ASX:LM1) shares rocketed as high as 16.9% to A$0.45, marking their highest value since July 11.

The rise has come as a result of the high-grade nickel sulphide assays received from their drill program at the William Lake nickel sulphid project located in Canada.

Notably, assay results for an additional 10 holes are awaited.

Leeuwin Minerals (ASX:LM1) saw a significant uptick in their shares with over 2305,000 shares changing hands, versus a 30-day average of about 89,000 shares.

Since its Initial Public Offering in late March, the company’s stock has risen by a staggering 60.4%.

Leeuwin Minerals (ASX:LM1) is a minerals exploration company focused on uncovering high-value mineral resources.