Renascor cleared for bulk sampling at Siviour
PERTH (miningweekly.com) – The South Australian government has granted ASX-listed Renascor Resources approval for a 60 t bulk sample from its Siviour graphite project.
Ore extracted from the bulk sample will be used in the pilot plant production trial, which is taking place in China, and will provide marketing samples to permit potential end-users and strategic partners, Renascor MD David Christensen said.
“Since the completion of the Siviour definitive feasibility study (DFS) last moth, we have received positive feedback from potential offtake and strategic partners who are seeking a secure, long-term supply of graphite to cover projected shortages in graphite supply as lithium-ion battery anode demand from graphite continues to grow,” Christensen said.
He noted that with the approval granted, Renascor would now be able to supplement previously provided samples of Siviour graphite as the company sought binding offtake agreements to allow financing for the construction of the mine and processing plant.
The DFS estimated that the project would require a capital investment of A$118-million based on a staged development, with an initial production of 80 000 t/y during the first four years of operation.
The project would be expanded to 144 000 t/y from year five onward, with the A$77-million expansion to be funded from project cash flows.
Over the 40-year mine life, the Siviour project is expected to produce 105 000 t/y, generating average earnings before interest, taxes, depreciation and amortization of A$83-million.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
