Renascor Resources Says Drilling at South Australian Prospect Intersects Cobalt, Copper-Bearing Mineralization

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Renascor Resources (ASX:RNU) said the Bulloo Creek drilling program intersected cobalt and copper-bearing mineralization associated with targeted magnetic anomalies at its Olary project in South Australia, according to a Friday Australian bourse filing.

The company encountered intercepts of 16 meters at 901 parts per million (ppm) grade of cobalt from 85 meters and 1 meter at 3,110 ppm grade of copper from 20 meters, the filing said.

The company lodged an application for a new exploration license in the Olary district, per the filing.

Renascor Resources' shares jumped nearly 2% in recent trading on Friday.

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