Siviour Definitive Feasibility Study Presentation
Presentation made at the South Australian Exploration and Mining Conference by Renascor Resources Managing Director, David Christensen.
Renascor Announces Optimised Development Plan for its Graphite Prospect
Renascor Resources Limited (ASX: RNU), a mineral explorer, announced an optimised development plan (ODP) for its Siviour Graphite Project on 3rd May 2019. As per the company, the adopted optimised plan will enhance the production profile of the stage-one processing capacity by approx. four times. The updated plan led the company to secure support from Atradius Dutch States Business in terms of project finance. As per the company, the optimised plan is based on a two-stage approach to achieve 145,000 tonnes per annum of production.
Renascor reveals substantial Siviour size increase
SOUTH Australian graphite contender Renascor Resources has substantially increased the size of its planned Siviour development, with results of a definitive feasibility study still due in July.
Under the enlarged scenario, output in the first stage has gone from around 23,000 tonnes per annum of graphite concentrate to 83,400tpa, with capital costs rising from an estimated US$29 million to $78 million.
Renascor Resources appoints BurnVoir as Financial Adviser for Siviour Graphite Project
Renascor Resources Limited (ASX: RNU) explores and evaluates mineral properties in Australia including uranium, graphite, gold, copper, and other deposits. Currently, the companys primary focus lies in developing the Siviour graphite project situated in Eyre Peninsula, South Australia.
On March 4th, 2019, Renascor Resources announced the appointment of BurnVoir Corporate Finance as the financial advisor to organise financing for the development of its 100%-owned flagship Siviour graphite project. As per the deal, BurnVoir will work in collaboration with Renascor and its strategic partner Royal IHC to secure financing for the project that is designed to maximise value for the shareholders.
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Renascor Resources’ Shares Surged On ASX Post Announcement Of LOI Issued By Atradius
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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Dutch flag Renascor debt funding option
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