Renascor Resources Advances Graphite Operations with Key Improvements

Renascor Resources Limited ( (AU:RNU) ) has provided an update.

Renascor Resources Limited has reported significant advancements in its proposed graphite mining operation in South Australia, following Early Contractor Involvement submissions. These improvements are expected to increase the production of larger flake graphite by 60%, reduce operating costs, and enhance graphite grade and recovery rates. Additionally, Renascor has integrated water treatment into its purification process, supporting its hydrofluoric acid-free purification method as a competitive alternative for battery-grade graphite. The company has also completed electrical upgrades for its Siviour mine and processing plant and ordered equipment for its Purified Spherical Graphite demonstration facility. Furthermore, geophysical reinterpretation at the Bulloo Creek prospect has identified new copper-cobalt-gold targets, and the company maintains a strong cash position of approximately A$107 million.

More about Renascor Resources Limited

Renascor Resources Limited operates in the mining industry, focusing on the development of graphite mining and processing operations. The company is involved in producing battery-grade graphite and aims to provide a competitive alternative to Chinese suppliers. Renascor is also exploring copper-cobalt-gold targets in South Australia.

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Technical Sentiment Signal: Buy

Current Market Cap: A$172.9M

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