Name of the Project
Siviour graphite project.

Location
Eyre Peninsula, South Australia.

Project Owner/s
Renascor Resources.

Project Description
A definitive feasibility study (DFS) has confirmed Siviour’s potential as a low-cost, long-life graphite project that can achieve consistently attractive profit margins even in the current lower graphite price environment.

The project has total mineral resources estimated at 87.4-million tonnes grading 7.5% total graphitic carbon (TGC) for contained graphite of 6.6-million tonnes.

Total mineral reserves are estimated at 45.2-million tonnes grading 7.9% TGC for contained graphite of 3.6-million tonnes.

The DFS considers the viability of producing flake graphite concentrates from the Siviour project through a proposed openpit mine with an adjacent graphite production plant.

The development plan for the DFS is based on a staged construction of two substantially identical processing plants, each with an ore throughput capacity of 825 000 t/y for a combined capacity of 1.65-million tonnes a year.

The project has an estimated 40-year life-of-mine.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value, at a 10% discount rate, of $271-million and an internal rate of return of 33%, with a payback of 3.7 years.

Capital Expenditure
Capital expenditure for Phase 1 is estimated at $79-million and for Phase 2 $54-million.

Planned Start/End Date
Not stated.

Latest Developments
Renascor’s next steps are expected to include securing binding offtake agreements, final project permitting and starting financial due diligence.

Key Contracts and Suppliers
Royal IHC and Wave International (study manager and supervising engineers); Optiro (mineral resource estimate); Goudie Hall Consulting (metallurgical testwork); Optima Consulting and Contracting (mining and mine design); Royal IHC and Wave International (mineral processing and plant engineering); AMC Consultants (mine); Wave International (plant and tailings); Groundwater Science (hydrogeology); Benchmark Mineral Intelligence (marketing); JBS&G Australia (environmental permitting); George Wilby (logistics); and BurnVoir Corporate Finance and Wave International (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.