Australia's Caspin Resources rises on finding rhodium at WA project

Caspin Resources

14/03/2022 03:38

** Shares of mineral explorer Caspin Resources  CPN.AX 
climb as much as 13.6% to A$0.920, mark their biggest intraday
pct gain since Feb. 16
    ** Co says analysis of mineralised zone at its Yarawindah
Brook PGE-Ni-Cu Project in Western Australia has returned
significant grades of rhodium  urn:newsml:reuters.com:*:nASXshNJT
    ** Says rhodium grades are associated with the already
recognised platinum and palladium mineralisation
    ** Rhodium is a rare, corrosion-resistant transition metal
used for making catalytic converters
    ** Shares hit their highest since Feb. 22
    ** As of last close, stock down 34.2% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))