Australia's Red Dirt Metals up on expansion-upgrade plans for WA project estimate

Delta Lithium

13/04/2023 03:55

** Shares of Red Dirt Metals Ltd  RDT.AX  rise as much as
7.8% to A$0.415, their highest since March 7
    ** Gold and lithium miner says 5 drill rigs undertaking
resource infill and extension drilling, aiming to expand and
upgrade the initial mineral resource estimate at its fully owned
Mt Ida Lithium Project in Western Australia
    ** Adds testing of regional lithium targets with reverse
circulation (RC) drill rigs is also underway at project
    ** Further adds, results from recently completed exploration
drilling in the GAP (between Timoni and Sparrow deposits),
around Timoni and Sister Sam prospects at the Mt Ida Project
will be reported in the coming weeks
    ** More than 4.9 mln shares change hands vs 30-day average
volume of 1.9 mln shares
    ** Stock has fallen 19.0% this year, as of last close
    
  

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