FINWIRES · TerminalLIVE
FINWIRES

Renascor Resources Identifies Multiple Copper Prospects at South Australia Exploration Site; Shares Jump 10%

By

Renascor Resources (ASX:RNU) identified multiple copper prospects at the Flat Hill exploration site of its Marree project in South Australia, according to a Thursday filing with the Australian bourse.

Significant intersections include 18 meters at 1.6% copper from surface; 16.5 meters at 1.9% copper from about two meters; 10 meters at 1.8% copper from about half a meter; 134 meters at 0.6% copper from 26 meters; 10 meters at 1.3% copper from 34 meters; and nine meters at 1% copper from 39 meters.

The scale and distribution of mineralization at the Flat Hill site supports the potential for a large-scale mineralized system that extends beyond localized individual prospect areas, the company said.

It added that land access discussion are at an advanced stage alongside continued planning for on-ground exploration activities.

The company's shares advanced 10% in recent Thursday trade.

Related Articles

Asia

Market Chatter: Toyota to Reduce Overseas Output Amid Hormuz Closure

Toyota Motor (TYO:7203) will slash production outside Japan by about 100,000 units by around February 2027 as the de facto closure of the Strait of Hormuz affects demand overseas, Nikkei Asia reported Wednesday.The automotive giant will also slash electric vehicle production for China, the report said.Toyota did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:7203
Asia

Update: Comet Ridge Secures Commitments for AU$40 million Placement; Shares Hit Five-Year Low

(Updates with the stock movement in the headline and last paragraph.)Comet Ridge (ASX:COI) received firm commitments for a two-tranche placement of new shares to existing and new investors to raise AU$40 million, according to a Wednesday Australian bourse filing.It plans to issue 390.2 million fully paid ordinary shares at an issue price of AU$0.1025 per share. The first tranche seeks to raise around AU$30.6 million utilising the company's capacity, while the second tranche seeks to raise around AU$9.4 million, subject to shareholder approval.It also plans to offer eligible shareholders the opportunity to participate via a share purchase plan to raise up to an additional AU$5 million.Comet Ridge shares declined nearly 22% in recent Wednesday trade and earlier hit their lowest level since July 2021.

ASX:COI
Asia

Gentrack Group Completes Dubai Technology Partners Acquisition

Gentrack Group (ASX:GTK, NZE:GTK) completed its acquisition of airport technology and services provider Dubai Technology Partners, according to a Wednesday filing with the Australian bourse.Dubai Technology Partners has around 60 employees and will be integrated into Gentrack's Veovo airports division, the company said.

ASX:GTKNZE:GTK