** Shares of Arizona Lithium jump as much as 12.8% to A$0.053
** The lithium explorer receives well licence approval for the first well at Pad #1 of the Prairie lithium project in Canada
** Says construction of the well pad is complete with the well on track to be drilled in H1 2024
** Nearly 61 mln shares have changed hands, compared with the 30-day average of about 31 mln shares
** Stock down ~24.2% so far this year, as of last close
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))
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