Australian shares of Red Metal rise on tenement applications grant in WA

Red Metal

28/04/2021 04:03

** Shares of ASX-listed Red Metal Ltd  RDM.AX  gain as much
as 3.7% to A$0.140, their biggest intraday pct gain since April
14
    ** Canada-based explorer announces co's high priority Yarrie
project tenement applications located in Western Australia have
been granted  urn:newsml:reuters.com:*:nASX9kmVNc
    ** Says applications grant will allow co to begin its first
pass exploration programs
    ** RDM says preparations for a modern, low frequency,
airborne electromagnetic survey for the project are underway
    ** Stock has risen 28.6% this year, as of last close
    
  

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))