• Shares of GoldArc Resources rise 2.9% to A$0.07, their highest level since March 6

• Stock rises for third consecutive session

• Co enters into a binding term sheet with private co Mineral Mining Services, for development of its Orion and Sapphire deposits at its Leonora South gold project

• Says the agreement converts non-binding letter of intent announced in October into an enforceable commercial framework to advance to production

• Stock up 11.1% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)