Australia's Rumble Resources jumps most in 2 years on Earaheedy resource estimate

Rumble Resources

19/04/2023 05:28

** Shares of Rumble Resources  RTR.AX  climb as much as
26.3% to A$0.240, posting their biggest intraday pct jump since
April 28, 2021 
    ** Shares hit their highest level since March 8
    ** Miner says it has completed a mineral resource estimate
(MRE) for the Earaheedy Project in Western Australia 
    ** Says MRE of 94 million tonnes at 3.1% zinc+lead and 4.1
grams per tonne silver
    ** Says inferred MRE contained metal of 2.2 million tonnes
(Mt) of zinc, 0.6 Mt of lead and 12.6 million ounces of silver
    ** Co says this represents one of the largest zinc sulphide
discoveries globally in the last decade 
    ** About 4 mln shares change hands vs the 30-day average of
552,179 shares
    ** RTR stock down 13.6% YTD, as of last close 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))