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.

Production in years 1 to 4 is estimated at 80 000 t/y, increasing to 144 000 t/y in years 5 to 10.

Over the 40-year mine life, the Siviour project is expected to produce 105 000 t/y.

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 A$388-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 A$114million and for Phase 2 A$77-million.

Planned Start/End Date
Not stated.

Latest Developments
The Siviour project is on track to become Australia’s first vertically integrated purified spherical graphite production facility.

The South Australian government has confirmed the graphite mine’s reclassification as a “new mine”, meaning owner Renascor Resources will be able to reduce the royalty rate of the project (from the 3.5% over the initial years of production) to 2% of the net value of the minerals recovered until June 2026.

Key Contracts, Suppliers and Consultants
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); BurnVoirCorporateFinance (financial analysis).

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