• Shares of Australia's Anax Metals rise as much as 25% to A$0.04, their biggest intraday percentage gain since February

• Stock posts its highest level since September 28

• The mineral explorer says drilling at its Mons Cupri project in the Pilbara region of Western Australia identified a potential new zinc-silver zone

• Near 15.1 million shares change hands, 7.5x the 30-day average volume

• Stock up 94.7%, YTD, including moves in current session

(Reporting by Swetha Lakshmi in Bengaluru)