BUZZ-Australia's Nickel Industries at 8-month high on stake hike in Indonesia project

Reuters04-02

** Shares of Nickel Industries climb as much as 4.9% to A$0.850, their highest since July, 2023

** Miner says its stake in Excelsior HPAL project in Indonesia increases to 27.5% after purchase of an additional 13.75% interest from Singapore-based holding company Excelsior International Investment

** Says additional 13.75% interest in project was secured through cash payment of $316.3 mln

** Shares post their biggest intraday pct gain since March 21

** Stock sixth biggest pct gainer on the benchmark S&P/ASX 200 index

** Stock up 16.6% this year, as of last close, vs a 4.1% increase in benchmark index

(Reporting by Roushni Nair in Bengaluru)

((Roushni.Nair@thomsonreuters.com;))

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