BUZZ — Australia's Sultan Resources rises on exploration licence application in Namibia

* Shares of Australia's Sultan Resources rise as much as 62.5% to A$0.013, marking their biggest intraday pct gain since March 6, 2024 * Stock hits its highest level since April 13 * Copper-gold explorer applies for exploration licence covering 171.2 sq km of prospective copper and gold ground in Namibia * Copper remains a key target for miners amid expected demand growth from renewable energy projects and data centres * Co says project offers significant copper and gold exploration potential in an established mineral province * Stock up 11% YTD, broadly flat for week ($1 = 1.4051 Australian dollars) (Reporting by Paridhi Minda in Bengaluru) ((Paridhi.minda@thomsonreuters.com;)