** Shares of Blackstone Minerals BSX.AX rise 10.3% to A$0.032, their strongest gain since early October 2024
** Mineral explorer rose as much as 27.6% earlier in the day to hit highest level since September 30
** Co to acquire Mankayan copper-gold project in the Philippines under a deal with copper and gold explorer IDM International
** Under deal, co will acquire 100% of IDM in an all-share transaction
** Says project constitutes one of the largest high-grade undeveloped copper-gold porphyry systems globally
** Mankayan project offers investors a hedge against market volatility through significant exposure to precious metals - co
** About 5.6 mln shares change hand compared to 30-day average trading volume of 944,200 shares
** Stock up 3.6% this year as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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