Australia's Caspin Resources soars on rhodium finds at WA project

Caspin Resources

15/09/2022 04:15

** Shares of Caspin Resources  CPN.AX  rise as much as 24.6%
to A$0.810, their highest since June 1
    ** CPN says found "significant" rhodium mineralisation
across its Yarawindah Brook PGE-nickel-copper project near Perth
in Western Australia  urn:newsml:reuters.com:*:nASX9XkBlv
    ** Stock posts its biggest intraday pct gain since July 27
    ** Co reports rhodium grades of up to 0.69 g/t from a hole
drilled at Yarawindah Brook, which is prospective for platinum
group elements, nickel and copper
    ** More than 744,000 shares change hands, vs the 30-day
average volume of 116,373 shares
    ** Stock has fallen 47.2% this year, as of last close

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))