** Shares of PhosCo jump as much as 70% to A$0.068, its biggest intraday pct jump since early Nov. 2014

** Stock hits highest since Jan. 25

** Mineral explorer receives approval for the Gassaat Phosphate Exploration Permit from Tunisia's Consultative Committee of Mines

** Also signs MoU with the Tunisian Ministry of Industry, Mines and Energy and the European Bank for Reconstruction and Development

** Permit and MoU for the exploration and development of co's Northern Phosphate basin in Tunisia

** More than 165,000 shares change hands vs 30-day avg volume of around 123,000 shares

** Stock flat so far this year, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

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