BUZZ-Australia's Cobre soars on JV deal with BHP unit

Reuters09-23

** Shares of Cobre Ltd climb as much as 21.9% to A$0.078, set for best day since late January - if current gains hold

** Diversified miner says it has signed a letter of intent with a unit of BHP Group for a joint venture deal to explore copper and silver deposits in Botswana

** Shares hit highest since mid-June

** About 3.9 mln shares change hands, 11.1 times the 30-day average volume of 349,356 shares

** Including day's moves, stock has risen ~61.4% this year

(Reporting by Archishma Iyer)

((Archishma.Iyer@thomsonreuters.com;))

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