** Vanadium Resources VR8.AX soars as much as 87% to A$0.043, highest since November 1, 2024
** Stock marks its biggest intraday pct gain since June 17
** Co's unit signs deal with China Precious Asia (CPAL) to supply vanadium-rich magnetite ore
** Co says unit will supply 100,000 metric tonnes of ore on avg to CPAL over a two-year period
** Vanadium-rich magnetite ore is used to make steel, among others
** YTD, VR8 gains 29%
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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