** Shares of Lycaon Resources LYN.AX rise as much as 11.8%
to A$0.285, their highest level since May 23
** Mineral explorer secures highly prospective lithium and
copper tenement in Pilbara region of Western Australia
** Says exploration work programs will commence later in the
year with a focus on finding lithium at the tenements
** About 383,053 shares change hand compared to 30-day
average trading volume of 219,136 shares
** Stock up 27.5% YTD as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))