ASX:RNU

3 stories mentioning ASX:RNUUpdated 30d ago

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Renascor Resources Reports Operating Cost of $459 Per Tonne for HF-Free Graphite Purification, Shares Up 9%

Renascor Resources' (ASX:RNU) cost study for its hydrofluoric acid (HF) free method for purifying graphite to up to 99.99% carbon for use in lithium-ion battery anodes has estimated operating costs of about $459 per tonne, according to a Thursday Australian bourse filing.Renascor is currently commissioning its Australian Government co-funded purified spherical graphite (PSG) demonstration plant ahead of commercial-scale downstream development, the filing added.The company is also working with prospective customers and strategic partners through the PSG demonstration plant program, it added.The company's shares rose 9% in recent Thursday trade.

ASX:RNU

Asia44d ago

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

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.

ASX:RNU

Asia47d ago

Renascor Resources Starts Graphite Processing at South Australia Plant; Shares Up 6%

Renascor Resources (ASX:RNU) started processing graphite through its hydrofluoric acid-free purification flowsheet using reagents at its purified spherical graphite (PSG) demonstration plant in South Australia, according to a Monday filing with the Australian bourse.Activities are on track, concentrating on validating the operation of the integrated purification flowsheet under current conditions, with the current phase expected to extend into the next quarter, the filing said.The company plans to establish an integrated Australian mine-to-PSG operation based on graphite sourced from its Siviour deposit in South Australia, per the filing.Shares rose 6% in morning trade on Monday.

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