Shares in Kidman Resources Limited
(ASX:KDR) jumped 144 per cent yesterday after the exploration company revealed drilling results from its Home of Bullion project in the Northern Territory.
Kidman Resources says it has identified the best ever intersection from a new massive sulphide zone.
The latest results extend the known massive sulphide copper mineralisation an extra 100 meters along strike from the previously announced drill hole and more results are expected to be released within weeks.
Kidman Resources listed on the Australian Securities Exchange (ASX) in early 2011 and acquired all of the Home of Bullion project in April 2012, where it has since completed two drill programs.
Shares in Kidman Resources gained 28 cents on Tuesday, closing at 47.5 cents.
Kidman Resources posted a net loss of $746,387 in the 2012 financial year.
