Renascor Resources: Upgrades Siviour Graphite JORC ore reserve estimate
- Renascor Resources (RNU) has upgraded the JORC ore reserve estimate for its Siviour Graphite Project in South Australia
- The expanded ore reserve estimate is 51.5M tonnes at 7.4 per cent total graphitic carbon (or TGC) for 3.8M tonnes of contained graphite
- This includes a proven reserve of 15.8M tonnes at 8.4 per cent TGC for 1.3 million tonnes of contained graphite
- It also positions Siviour as the second-largest reported proven reserve of graphite in the whole world
- These results further support Renascor’s ongoing offtake and finance discussions
- Company shares are up 8.33 per cent and trading for 1.3 cents each just before market close
