https://www.miningweekly.com
Contractor|Design|Engineering|PROJECT|Resources|Testing
Contractor|Design|Engineering|PROJECT|Resources|Testing
contractor|design|engineering|project|resources|testing

Renascor completes Siviour buy

22nd November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Graphite hopeful Renascor Resources has completed the acquisition of Ausmin Development, which holds the rights to the Siviour graphite project, in South Australia.

Renascor acquired Ausmin for 187.6-million shares, with shareholders in September agreeing to the issue of shares.

“The completion of the agreement to secure the 100% ownership of the Siviour graphite project is another important milestone in the development of Siviour, as we continue to rapidly progress this world-class project,” said Renascor MD David Christensen.

“We believe this will increase confidence in the project as we move forward with the Sivious definitive feasibility study, and more advanced offtake and finance negotiations.”

Renascor earlier this month entered into a strategic partnership agreement with contractor Royal IHC Australia to accelerate the development of the Siviour project.

Under the terms of the agreement, Royal ICH will establish an integrated team to deliver the definitive feasibility study, and has committed A$1-million to undertaking early project works, including metallurgical testing and detailed engineering and design work.

A prefeasibility study into Siviour has estimated that the project could deliver some 117 000 t/y of graphite over a 30-year mine life.

Renascor is considering a staged development of the Siviour project, with Stage 1 of the operation producing 22 800 t/y of graphite concentrate. In Stage 2, Renascor’s yearly production would increase to 156 000 t.

The staged development option would require an initial capital investment of $29-million, with the Stage 2 development expected to cost a further $91-million.

Edited by Creamer Media Reporter

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.186 0.223s - 107pq - 2rq
Subscribe Now