Renascor Resources Secures Approvals for South Australia Prospect Drilling Program; Shares Jump 4%

MT Newswires Live

2025/11/07

Renascor Resources (ASX:RNU) said final clearances and approvals were received for a reverse circulation drill program of up to 3,000 meters at the Bulloo Creek prospect, within the Olary Project area, in South Australia, according to a Friday Australian bourse filing.

The drilling is expected to be completed within around two weeks, the filing said. Bulloo Creek is considered prospective for copper-cobalt-gold mineralization.

A re-assay program of historical drilling at the Tumby Bay prospect, also in South Australia, confirmed a high abundance of magnetic rare earth elements, including strong dysprosium-terbium content.

Renascor Resources' shares rose past 4% in recent trading on Friday.

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