BUZZ-Australia's Arizona Lithium jumps on Canada project update

Reuters02-12

** Shares of Arizona Lithium rise as much as 23.8% to A$0.026, posting their biggest intraday percentage gain since Nov. 17

** Stock hits its highest level since Jan. 23

** Lithium explorer provides update on its direct lithium extraction pilot plant at its Prairie project in Canada

** Plant has produced 13,500L of high purity lithium concentrate over 3 months- Co

** Adds plant is in its final phase of operations

** About 26.2 mln shares change hands, compared with the 30-day average volume of 9.9 mln

** Stock down 32.3% YTD, based on last close

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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