** Shares of Lycaon Resources rise as much as 25% to A$0.3, their biggest intraday percentage gain since May 3
** Stock hits its highest level since July 25
** The diversified explorer says it got heritage clearance to start drilling at its Stansmore Niobium-Rare Earth Elements Project in Western Australia
** About 597,000 shares change hands, compared with the 30-day average volume of around 89,000
** Stock up 35% YTD, including session's move
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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