Graphite developer Renascor Resources saw its share price surge on Friday after announcing an optimised development plan for Stage 1 of its Siviour graphite project, in South Australia.
The optimised development plan looked at increasing the 22 800 t/y Stage 1 production by nearly four fold to 83 400 t/y, while providing for the construction of a similar sized processing plant in Stage 2 for a combined production rate of 145 000 t/y of graphite concentrate.