** Shares of Zuleika Gold ZAG.AX rise as much as 83.3% to A$0.055, their highest level since May 2021

** Gold miner reaches final settlement on Plutonic gold mine litigation against two Catalyst Metals CYL.AX units

** Says proceedings related to Zuleika’s right to earn up to a 50% joint venture interest in parts of Catalyst’s Plutonic gold mine

** Under settlement, Catalyst will pay Zuleika a sum of A$48 million ($31.34 million)

** Stock last up ~65%, bringing YTD gains to ~280%

($1 = 1.5314 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))