• Shares of Errawarra Resources rise 92.3%% to A$0.050, their highest since January 13

• The battery metal-focused company acquires 70% of Elizabeth Hill Silver Project in Australia's West Pilbara mining region

• Co says it is now underpinned by a high-grade historical producing silver asset

• Additionally, co announces A$3 million ($1.89 million) placement at A$0.027 per share, representing a premium of 3.8% to stock's last close

• Stock set for record strongest session

• Stock up more than 2% YTD, including moves in day's session
($1 = 1.5908 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)