BUZZ-Australia's Fenix Resources rises after logistics contract win

Reuters03-14

** Shares of Fenix Resources rise as much as 4.2% to A$0.250, their highest since March 1

** Stock posts its biggest intraday percentage gain since March 7

** The iron ore producer says it won a haulage and logistics contract from Australia's Gold Valley Iron Ore

** Says will generate more than A$70 mln ($46.35 mln )in additional revenue for co over three years

** About 1.6 mln shares change hands, compared with the 30-day average volume of 900,107

** Stock down 15.8% YTD, based on last close

($1 = 1.5103 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

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

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