ASX-listed Red Metal sees worst session in 26 months after co terminates Nullarbor project drilling

Red Metal

26/11/2019 04:41

** Canada-based copper-nickel explorer Red Metal Ltd
 RDM.AX  falls as much as 13.7% to A$0.11, its biggest intraday
percentage loss since Sept 25, 2017
    ** Co says drill test on high magnetic target T8 at its
Nullarbor project in Western Australia has been terminated after
intersecting a magnetite-rich intrusive rock  urn:newsml:reuters.com:*:nASXb7gbMX
    ** Co says no significant or visible copper or nickel
sulphides were observed
    ** Stock hits its lowest since Nov 8; on track for a second
consecutive session of loss
    ** Stock up 32.8% this year, as of last close
       

 ((aditya.srivastsav@thomsonreuters.com))