BUZZ-Australia's Auric Mining gains most in nearly 1 month on plans to buy gold processing plant

Reuters12-17

** Shares of Auric Mining rise as much as 14.3% to A$0.36, their largest intraday pct gain since Nov 19

** The Aussie gold explorer enters into a letter agreement to buy Burbanks gold processing facility in Western Australia for A$4.4 mln ($2.80 mln)

** Acquisition of processing plant from individuals of pvt entity BDO Queensland

** Co says processing plant has all requisite infrastructure, permits and licences essential to future operations

** Stock hits highest level since Dec 9

** More than 1.2 mln shares change hands vs 30-day avg volume of around 1.1 mln shares

** Auric up 195.8% YTD, including current session's moves

($1 = 1.5701 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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