Renascor Resources Limited (AU:RNU) has released an update.
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Renascor Resources Limited has successfully gathered a significant 730-tonne sample of graphite ore from its Siviour Graphite Deposit for its upcoming eco-friendly Purified Spherical Graphite (PSG) demonstration plant, backed by a $5 million Australian government grant. The ore will be processed in China to produce graphite concentrate, which will then be converted into PSG using a novel HF-free process, marking a considerable advancement for the company in becoming a low-cost, ex-China PSG producer for the lithium-ion battery market.
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