Shares in Ariana Resources plc (LON:AAU) added over 8% to 1.90p as it commercialised its second lithium project in six months.
Its Australian subsidiary Asgard Metals has sold the final four of a package of lithium tenements to Kingston Resources - part of a broader deal with Slipstream Resources to sell the 20 tenements to Kingston.
It comes after in February, it reported the sale of a package of lithium-containing tenements in Pilbara to Dakota Minerals.
The cash and shares sale was again arranged and carried out by Asgard, which specialises in metals for new technologies.
Today's completed deal comes after a A$6.85 million capital raising by Kingston and an initial cash payment to Asgard has been received of A$20,000 and 6.6mln Kingston shares currently valued at A$132,000.
Ariana now owns around 1% of Kingston Resources.
Asgard, and therefore Ariana, are also due to receive 3.6mln Kingston shares when an inferred resource of 5mln tons is defined at no less than 1% lithium oxide.
It will get a further 3.6mln shares upon a further inferred resource of a further 10 Mt.
Shares added 7.86% to stand at 1.89p on the day.
Read more on the group's other Turkish activity HERE..
--UPDATES FOR SHARE PRICE RISE--