Australia's Augustus Minerals gains on buying WA gold project
** Shares of Augustus Minerals AUG.AX rise 15.6% to A$0.052, set for best session since Oct. 22 - if current gains hold
** Diversified miner says co executes binding share purchase agreement to acquire Music Well gold project in Western Australia for A$200,000 ($131,680.00) from Music Well Gold Mines
** Says project has potential for gold discoveries over next two years
** Stock hits highest level since Oct. 28
** More than 519,700 shares change hands vs 30-day avg volume of about 382,000 shares
** AUG down ~50.5% YTD, including current session's moves
($1 = 1.5188 Australian dollars)
Reporting by Nikita Maria Jino in Bengaluru
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