South Australia’s Renascor Resources (ASX: RNU) has been granted in-principle project finance support from the Netherlands government for the development of its Siviour graphite project, along the state’s Eyre Peninsula.
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Renascor Resources Limited (ASX: RNU) is into mineral exploration in Australia, including gold, copper, uranium and other minerals.
The company today, on 10th April 2019, announced that after doing a preliminary assessment of the Siviour Graphite Project, Atradius has issued a Letter of Interest (LOI) on behalf of the Dutch State, where it confirmed the requirement of finance support for its principle project under the Dutch Export Credit Guarantee Scheme (ECA Cover).
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NETHERLANDS-based export credit agency Atradius has signed a letter of interest that could support funding up to 60% of Renascor Resources’ Siviour graphite project in South Australia on favourable debt financing terms.
https://www.miningnews.net/project-finance/news/1360654/dutch-flag-renascor-debt-funding-option
A proposed graphite mine that could see 100 jobs for Arno Bay is a step closer.
Renascor Resources have been granted a Mineral Lease for the Siviour graphite site, believed to be the fifth largest reported reserve in the world.
https://www.eyretribune.com.au/story/6009376/graphite-mine-lease-granted/?cs=1447
It has been a long time between drinks for South Australia in terms of new mine developments, especially successful ones. However, one of the industry’s quiet achievers has unexpectedly emerged as the State’s best chance of ending that disappointing drought. http://online.anyflip.com/tcch/sdvu/mobile/index.html#p=1
http://online.anyflip.com/tcch/sdvu/mobile/index.html#p=27
SOUTH Australian-based graphite developer Renascor Resources has high hopes a mineral lease for its prospective Siviour graphite project on the state’s Eyre Peninsula will be approved in the next few weeks after signing off on the terms and conditions proposed by the SA Minister for Energy and Mining Dan van Holst Pellekaan.
https://www.miningmonthly.com/development/news/1360146/renascor-happy-with-siviour-lease-terms