** Shares of Rapid Lithium RLL.AX rise as much as 16.7% to A$0.004, their highest level since April 2
** The mineral explorer will buy two silver projects in Australia's New South Wales for A$6.50 million ($4.18 million)
** Projects have around 34.9 million silver equivalent ounces of high-grade silver assets, according to co
** YTD, shares of RLL down 30%
($1 = 1.5533 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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