Australia's Renascor Resources climbs on graphite find

Renascor Resources

16/06/2022 04:58

** Shares of Renascor Resources  RNU.AX  gain as much as
17.9% to A$0.165, post their biggest intraday pct gain since May
13
    ** The graphite miner says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02532271-2A1379521?access_token=83ff96335c2d45a094df02a206a39ff4
 it has intersected widespread, high-grade graphite at its
Siviour Graphite Deposit in South Australia 
    ** Adds these drill results will be incorporated into a
revised pit design as part of co's Battery Anode Material Study
of its planned vertically integrated mine in South Australia
    ** Stock had fallen 6.7% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))