Renascor Resources (ASX:RNU) said that SA Power Networks completed a program of works to upgrade the electrical distribution network for Renascor's proposed Siviour graphite mining and processing operation in South Australia, part of its battery anode material project, according to a Thursday Australian bourse filing.
The upgrades include the installation of a new 33-kilovolts transformer and circuit breakers at SA Power Network's substation, the filing said.
The upgrades are expected to allow Renascor to meet the majority of its planned Siviour phase one mine electricity requirements. The firm is focusing on engineering, procurement, and infrastructure works to further de-risk and minimize the project's construction period.
Its shares rose 8% on market close on Thursday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。