** Shares of Native Mineral Resources rise as much as 50% to A$0.048, posting their largest intraday pct gain since late-August 2023
** Stock hits highest level since Oct. 20, 2023
** Diversified miner to acquire Far Fanning and Black Jack gold deposits in Queensland for A$18.9 mln ($12.59 mln)
** Acquisition from private entity Collins St Convertible Notes expected to provides extensive exploration potential and significant upside to gold production
** More than 3.7 mln shares change hands, 7 times the 30-day avg of about 534,000 shares
** Stock up 50% YTD, as of 0120 GMT
($1 = 1.5006 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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