** Shares of Australia's Renascor Resources rise as much as 4.4% to A$0.094
** Minerals explorer says it's been awarded A$5 mln ($3.4 mln) grant under Australian Govt’s International Partnerships in Critical Minerals Program
** Grant to co-fund up to 49.9% of capital cost of A$10 mln demonstration processing plant that would produce purified spherical graphite - RNU
** 4.8 mln shares change hands as of 0306 GMT, vs 30-day average volume of 3.4 mln shares
** Stock down 30.8% YTD, as of last close
($1 = 1.4791 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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