** Shares of newly ASX-listed Kali Metals KM1.AX rise as
much as 69.5% to A$0.89
** Stock on track for third day of gains since trading debut
on Jan. 8
** Lithium explorer says spodumene identified in multiple
areas at Spargoville Project, one of co's projects in
Higginsville Lithium District in Western Australia (WA)
** Co was spun off as a separate company from Australian
gold and lithium explorer Kalamazoo Resources KZR.AX
** KZR rises as much as 17.4%
** KM1 has risen 104.6% since debut
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))