Shares in Lycaon Resources (ASX:LYN) rose as much as 5.2% to A$0.305, their highest level since September 20, after the company disclosed the intersection of nickel-copper sulphides at its Bow River Project in Western Australia.

Trading was brisk, with over 539,200 shares changing hands, a significant increase compared to the average 30-day volume of 138,611.

After the last close, the company’s stock has risen 5.5% Year to Date.

In short, Lycaon Resources is a mineral exploration company with key operations in Western Australia.