Australia's Renascor Resources up on buying land for upstream development

Renascor Resources

28/11/2023 03:21

** Shares of Renascor Resources Ltd  RNU.AX  rise as much as
5.6% to A$0.143, their biggest intraday pct gain since Nov. 21
    ** The mineral explorer says it entered into a definitive
agreement to acquire land hosting the Siviour
Graphite Deposit in South Australia 
    ** Says acquisition will improve additional on-ground
preparatory works as part of co's strategy to accelerate
upstream development
    ** Stock down ~37% this year, as of last close

 (Reporting by Neha Soni)
 ((Neha.Soni@thomsonreuters.com;))