Australia's Rafaella Resources jumps on Portuguese tungsten deal

Pivotal Metals

23/11/2021 24:25

** Shares of Rafaella Resources Ltd  RFR.AX  jump as much as
5.6% to A$0.076, set for their best intraday session since Nov 5
    ** Cobalt and copper miner buys Pan Iberia Ltd from PanEx
Resources in a 4 million euro ($4.50 million) deal  urn:newsml:reuters.com:*:nFWN2SD1IU
    ** Pan Iberia owns Borralha and Vila Verde tungsten projects
in northern Portugal 
    ** Shares trade at their highest since Nov 17; about 717,800
shares change hands, 1.9x the 30-day average volume of 374,987
    ** Stock has fallen 2.7% this year as of last close


($1 = 0.8898 euros)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))