Shares in Bulletin Resources climbed as much as 32.9% to A$0.105, marking the highest rate since March 13 following the Environmental Protection Authority’s decision not to assess the environmental impacts of the company’s Ravensthorpe Lithium Project.
The green light from the EPA means Bulletin Resources can resume its clearing permit application process with the Department of Mines, Industry Regulation and Safety.
More than four million of the company’s shares changed hands, compared with the average 30-day volume of 318,441 shares.
Despite this surge, the stock is still down by more than 15% this year.
Bulletin Resources (ASX:BNR) is a company focused on mineral exploration, specifically within the Ravensthorpe Lithium Project.