Renascor Resources Ltd (ASX:RNU) is developing Australia's largest graphite deposit, with the Tier-1 asset known as the Siviour project.
Siviour has favourable flake size distribution and high purities for lithium-ion batteries, and other high growth markets.
Siviour is also among the largest reported graphite deposits in the world, within a shallow, flat-lying mineralised body.
Renascor is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Thursday 21st September 2017, or earlier if an announcement is made to the market.