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Renascor Resources Limited ( (AU:RNU) ) has shared an announcement.
Renascor Resources Limited announced the completion of electrical distribution network upgrades by SA Power Networks for its proposed Siviour mine and processing plant in South Australia. This upgrade, which includes a new transformer and circuit breakers, will allow Renascor to meet most of its electricity needs for the Siviour project, reducing costs and carbon footprint while improving efficiency. The company is now focusing on further engineering and infrastructure work to minimize construction time, as well as advancing its downstream Purified Spherical Graphite operation.
More about Renascor Resources Limited
Renascor Resources Limited is an Australian company focused on graphite mining and processing. The company is developing a vertically integrated Battery Anode Material (BAM) project in South Australia, which includes upstream graphite mining and downstream processing operations.
YTD Price Performance: 3.33%
Average Trading Volume: 3,247,231
Technical Sentiment Signal: Buy
Current Market Cap: A$157.7M
Find detailed analytics on RNU stock on TipRanks’ Stock Analysis page.