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
Hartleys lifted its net asset value estimate on Renascor Resources Ltd.’s Siviour graphite project in South Australia with China expected to become a net importer of graphite for the first time this year, a situation that will favor the ASX-listed junior.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/50604530
A WINDSWEPT paddock on South Australia’s Eyre Peninsula could offer a drought-affected community a lifeline with explorer Renascor Resources’ planned 142,000 tonne per year graphite operation at the Siviour deposit expected to bring more than 100 jobs to the region.
https://www.miningmonthly.com/development/news/1358504/sunburnt-country-for-renascor
A WINDSWEPT paddock on the Eyre Peninsula in South Australia could offer a drought-affected community a lifeline with explorer Renascor Resources’ planned 142,000 tonne per year graphite operation at the Siviour deposit expected to bring more than 100 jobs to the region.
https://www.miningnews.net/site-visits/news/1358563/renascor-offers-hope-in-drought-country
Renascor Resources Ltd. has revealed a different staged approach to large-scale development of its Siviour graphite project on South Australia’s Eyre Peninsula as potentially the “best of both worlds” option most likely to attract finance.
Renascor revealed in its prefeasibility study in March 2018 that it was weighing up a 200,000-tonne-per-annum small-scale plant for the first three years before ramping up to 1.85 Mtpa out to 30 years, or coming straight out with a 1.65 Mtpa plant.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/50416272
It’s always good to speak to your global peers – and we were certainly able to do that earlier in November, when we attended the 2017 Graphite Supply Chain Conference in Newport Beach, California.
Renascor Resources was one of the companies chosen to give a graphite project update and our managing director, David Christensen, took up the opportunity to update the audience on our Siviour project in South Australia.
Many of the delegates were hearing the Siviour story for the first time and the interest in Siviour at the conference was gratifying. David shared with the delegates the robust economics of Siviour and the fact that it is unique among peer Tier-1 graphite developments as being in the sedate political jurisdiction of Australia.
Siviour is among the largest reported graphite deposits in the world, with a shallow, flat-lying mineralised body. The orientation of the ore body should mean that Siviour has some of the lowest production costs of any similar project in the world.
We expect the flake size distribution and high purity of the graphite concentrates that we will produce at Siviour to suit well the lithium-ion battery market – which is burgeoning on the back of the electric vehicle revolution – and some of the other high-growth markets that are emerging for graphite.
David took the delegates through a macro story they know well: China dominates the supply of graphite but the market is restricted and unstable, with new safety and environmental regulations and export restrictions further reducing supply.
While other potential supply sources are opening up – indeed, we shared the conference stage with some of them – David was able to take the delegates through the highly appealing nature of Australia as a low sovereign-risk jurisdiction.
If a secure source of high-quality supply came on stream from Australia, it would be very attractive to graphite users.
David received many favourable comments about the project being based on the ninth-largest reported graphite indicated resource in the world as well as its location and proximity to excellent infrastructure.
David received several questions from the audience plus many more from fellow delegates at the social functions. The questioners all showed a receptive understanding of Siviour’s potential, most particularly the options it gives us for a staged development.
We left Newport Beach very confident that participants at the Supply Chain Conference understood very well the unique nature of our project.
Having recently raised about $3 million before costs in a share placement, we are well-positioned to progress the Siviour prefeasibility study.
We’re evaluating both the staged approach as well as an immediate large-scale option, with the start-up production scale to be determined after we complete the study. In our evaluation, we are taking into account the discussions we are having with potential offtake and finance partners.
The staged approach offers us a potential lower-risk alternative to a large-scale start-up by taking advantage of some of the key strengths of Siviour such as the shallow, easily accessible ore body and its proximity to South Australia’s infrastructure.
As we move towards completing the study and advance discussions with potential partners, we’re committed to evaluating all the viable options for bringing Siviour into production.