Name of the Project
Siviour graphite project.

Location
The project is located on South Australia’s Eyre Peninsula.

Project Owner/s
Renascor Resources.

Project Description
Renascor has adopted an optimised development plant for the Siviour graphite project, based on the mineral resource and reserve estimate first reported in April 2019. The project has total mineral resources estimated at 87.4-million tonnes grading

7.5% total graphitic carbon (TGC) for 6.6-million tonnes of contained graphite. Total total proven and probable reserves are estimated at 45.2-million tonnes grading 7.9% TGC for 3.6-million tonnes of contained graphite. This revised plan is based on a two-stage approach to achieve production of up to 145 000 t/y through the staged construction of two substantially similar-sized processing plants. The plan builds on the large-scale, 117 000 t/y production case considered in the Siviour prefeasibility study (PFS) completed in March 2018, by staging production through the construction of two substantially identical processing plants. Each plant will have an ore throughput capacity of 825 000 t/y to achieve a substantially similar yearly production rate as the large-scale 1.65-million-tonne-a-year processing plant considered in the large-scale case from the PFS. The project has an estimated life-of-mine of 40 years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 10% discount rate, of A$435-million and an internal rate of return of 40%, with a payback of 3.7 years.

Capital Expenditure
Capital expenditure is estimated at A$108-million for Stage 1 and A$77-million in Stage 2.

Planned Start/End Date
Not stated.

Latest Developments
Renascor is completing work on the definitive feasibility study (DFS), which has adopted the operating parameters used in the optimised development plan.  Work on the DFS is advanced, with all major work programmes, including resource modelling and mining, tailings, engineering and logistic studies, at or near completion.

Key Contracts and Suppliers
Optiro (mineral resource estimate); Goudie Hall Consulting (metallurgical testwork); Optima Consulting and Contracting (mining and mine design); Wave International (process infrastructure); Groundwater Science (hydrogeology); JBS&G Australia (environmental permitting); George Wilby (logistics); Arup (desalination plant and infrastructure); and BurnVoir Corporate Finance (financial analysis).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Renascor Resources, tel +61 8 8363 6989 or email info@renascor.com.au.