Australia's Arizona Lithium jumps on $5 million lithium project sale

** Shares of Arizona Lithium AZL rise 8.3% to A$0.007, hitting its highest level since May 27

** Lithium miner says it raised $5 million by selling Big Sandy lithium project and the lithium research center

** Co says funds raised will be used to develop the Prairie lithium project, Canada

** Stock down 48% this year, including the day's move