** Shares of Renascor Resources surge as much as 32.5% to A$0.110, highest since Feb. 19
** Stock posts biggest intraday pct gain since Oct. 23, 2023
** Graphite explorer gets A$185 mln (~$119 mln) loan from government to fund development of its mine in South Australia
** Over 13 mln shares traded vs 30-day avg of ~5.2 mln
** Stock last up 26.5%, cutting YTD losses to ~19%
($1 = 1.5579 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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