Something interesting ive picked up in last nights announcement referring to General Meeting coming up on 30 June (which IMO should coincide with core drill results being released to market PRIOR TO MEETING OR IN 3 WEEKS TIME WHICH IS WHAT THEY REPORTED so maybe around 19th 20th June) -
So back to the GM announcement last night ------they stated that the drilling commenced on 16th May at its Siviour deposit was to be for a duration of 2 weeks well if that the case they would have now completed their drilling and would have plenty of drill core samples ready to send to lab by now so keep an eye on any price movement - im sure they will keep it as quiet and professional as possible before results are released - we dont want a leaky ship as we know they already have great success with a defined high grade , low hanging resource
"Proceeds from the May 2016 Placement will be used to fund resource expansion drilling on the
Siviour deposit and to commence comprehensive metallurgical test work at Siviour as well as to
provide working capital and to cover the costs of the capital raising. Drilling at Siviour
commenced on 16th May 2016
Renascor has recently defined a large-scale, high-quality coarse flake graphite resource at its Siviour deposit in South Australia’s Eyre Peninsula. With an Indicated and Inferred Resources measuring 16.8Mt @ 7.4% total graphitic carbon (TGC) for 1,243,200t of contained, Siviour is presently the largest reported graphite Mineral Resource in Australia and remains open along-strike.
The Siviour deposit is shallow, tabular and near flat-lying, with most of the graphite mineralisation occurring beneath only 10m to 25m of surface cover. As shown in (See Figure 2), Section 631800E, the westernmost section drilled of the Indicated Resource, shows a thick, shallow graphite-mineralised zone that is near flat-lying over the southern and central portions of the prospect before dipping gently to the north.
I might top up a few more today
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