Australia's Renascor Resources hits over 10-year high on robust graphite yield

Renascor Resources

10/01/2022 02:27

** Shares of the graphite miner  RNU.AX  rise as much as
14.3% to A$0.200, their highest level since March 2011
    ** Says recent commercial-scale downstream milling trials
achieved spherical graphite yields in excess of 65% from co's
Siviour Graphite Deposit in South Australia vs the 50% yield
adopted in its battery anode material study  urn:newsml:reuters.com:*:nASX3DhPLR
    ** Says results confirm co's ability to process primary
spherical graphite products for use in high-volume lithium-ion
battery anode applications, among others
    ** Shares on track for their biggest intraday pct gain since
Jan 4 
    ** More than 19.6 mln shares change hands, compared with the
30-day average volume of ~7.3 mln shares 
    ** Stock has risen 1150% in 2021 


 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))