BUZZ — Australia's Mandrake Resources rises on drilling permit for gold — copper project

* Shares of Mandrake Resources rise as much as 10% to A$0.022, their highest since July 15 * Stock logs its largest intraday pct gain since May 13, set for best week in more than a year - having gained nearly 16% so far this week * Exploration firm says it has received approval for an environmental mining licence for its Berinka gold-copper project * Says this is the final regulatory step required ahead of drilling, with mobilisation and commencement of programme scheduled for next month * YTD, stock down over 4% (Reporting by Tejas Harish in Bengaluru) ((tejas.harish@thomsonreuters.com;)