** Shares of Australian Mines AUZ.AX surge as much as 62.5% to A$0.0013, highest since mid-Nov

** The metals miner reports substantial rise in resource estimate, at lower cut-offs, at Flemington project in New South Wales

** Over 23 mln shares traded, 16x the 30-day daily average

** Stock fell 5% in 2024

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@ThomsonReuters.com))