** Shares of Australia's WA1 Resources WA1.AX rise as much
as 15.6% to a record high of A$10.880
** The mineral explorer says it sees positive signs from
drilling at its West Arunta project in Western Australia
** Says drilling shows continuity of shallow high-grade
blanket of niobium mineralization
** Stock posts its biggest intraday percentage gain since
Oct 30
** About 794,604 shares change hands, compared with the
30-day average volume of 407,212
** Stock up 574.6% YTD, based on last close
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))