| Written by
In April, Renascor Resources (ASX: RNU) caught a rocket after its Siviour graphite project scored potential project finance support from the Dutch government.
This news, alongside an updated resource estimate for Siviour, saw the South Australian explorer spike 30 per cent over a few days.
Now, the company says this potential funding means it can expand Stage 1 production by a whopping 400 per cent.
The new, optimised plan envisages Stage 1 production of 83,400 tonnes of graphite concentrate a year – up from 22,800t previously.