Renascor finds a site for PSG plant
PERTH (miningweekly.com) – ASX-listed Renascor Resources has secured a site from South Australian government-owned utility SA Water for its battery anode material manufacturing facility.
The company has executed a 40-year option-to-lease for its proposed battery anode material facility which will produce purified spherical graphite (PSG). The site is located north of Adelaide and some 20 km south of Port Adelaide.
At 20 ha, the site is of sufficient scale to permit both an increase to the originally planned Stage 1 PSG production capacity of 28 000 t/y, as well as additional Stage 2 PSG production capacity.
“We are delighted to have executed the option-to-lease with SA Water for the site for our proposed battery anode material manufacturing. It provides certainty over a key component of our plans to become a leading producer of PSG for the growing lithium-ion battery sector,” said Renascor MD David Christensen.
“In securing the strategically positioned and scalable Bolivar site, Renascor will be able to leverage off the high quality of the Siviour resource by vertically integrating the mine and concentrator with a state-of-the-art battery anode material manufacturing facility to supply responsibly produced, 100% Australian-made PSG for the lithium-ion battery industry.
“We look forward to working with SA Water and the South Australian government as we bring a major new industry to the state.”
Renascor is currently undertaking an updated, optimised battery anode material study building on previous detailed feasibility work for the planned vertically integrated mine and PSG facility, with the optimised battery anode material study being based on utilising the Bolivar site for the battery anode material production facility.
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