Renascor Resources Secures Approvals for South Australia Prospect Drilling Program; Shares Jump 4%
MT Newswires Live
Nov 07, 2025
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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