Renascor secures A$185m EFA loan for Siviour graphite project

Published: Apr 18, 2024 | MINING TECHNOLOGY | Renascor secures A$185m EFA loan for Siviour graphite project

Export Finance Australia (EFA), Australia’s export credit agency, has approved a loan facility of A$185m to accelerate the development of the upstream graphite concentrate operation at Renascor Resources’ Siviour graphite project in South Australia.

This financial support for the vertically integrated battery anode material manufacturing operation (the BAM Project) has come from the Australian Government’s A$4bn Critical Minerals Facility, which is administered by the EFA. Read More.

Renascor Resources wins $185m loan from Canberra to fast-track upstream graphite operation at Siviour

Published: Apr 18, 2024 | By: Special Report | STOCKHEAD | Renascor Resources wins $185m loan from Canberra to fast-track upstream graphite operation at Siviour

Conditional approval for the loan under the $4b scheme shouldn’t be all too surprising given that Siviour is the largest reserve outside Africa of graphite, a key material in electric vehicles.

It boasts an impressive 16.8Mt at 8.2% total graphitic carbon for 1.4Mt contained graphite, a world class deposit which places its development firmly in the national interest. Read More.

Resources Top 5: Graphite player Renascor gets some Albo love, to the tune of $185m

Published: Apr 17, 2024 | By: Rod Badman | GEELONG ADVERTISER | Resources Top 5: Graphite player Renascor gets some Albo love, to the tune of $185m

Growing graphite player Renascor Resources (ASX:RNU) has nabbed $185 million in key funding – and its share price is busting on up and to the right as a result.

In fact, by 3pm Wednesday (AEST), Renascor’s share price was up more than 29.5 per cent for the day. Read More.

Renascor Resources receives $185m loan facility to fund Siviour graphite development

Published: Apr 17, 2024 | By: Imelda Cotton | SMALL CAPS | Renascor Resources receives $185m loan facility to fund Siviour graphite development

Export Finance Australia (EFA) has approved a $185 million loan facility to Renascor Resources (ASX: RNU) for the fast-tracked construction of a vertically-integrated battery anode material (BAM) manufacturing facility at the Siviour graphite project in South Australia.

The loan comprises a $150m term facility and a $35m overrun facility to support any unforeseen increases in capital costs. Read More.

 

Siviour Graphite Project, South Australia

Published: Mar 1, 2024 | MINING TECHNOLOGY | Siviour Graphite Project, South Australia

The Siviour graphite project is an open-pit mining development in the Eyre Peninsula, Australia. The mine is being developed and operated by Renascor Resources through its subsidiary Ausmin Development, which holds complete ownership of the project. Read More.

Renascor Resources is getting a power connection upgrade for its monster Siviour graphite project

Published: Feb 29, 2024 | By: Special Report | STOCKHEAD | Renascor Resources is getting a power connection upgrade for its monster Siviour graphite project

Renascor Resources (ASX:RNU) has run the numbers and believes the 16.8Mt @ 8.2% for 1.4Mt contained graphite Siviour deposit – one of the largest ex-Africa – can deliver high-purity spherical graphite to the market at a run rate of 140,000tpa for the next 40 years. Read More.

WTF with RNU: Why the medium-term outlook for graphite looks positive

Published: Feb, 2 2024 | By: Stockhead TV | STOCKHEAD | WTF with RNU: Why the medium-term outlook for graphite looks positive

Renascor Resources(ASX:RNU) managing director David Christensen joins the Stockhead TV studio to investigate these questions and more.

“Over the past year we’ve seen Chinese net imports of graphite fall, and we’ve also seen a proliferation of inexpensive synthetic graphite in the Chinese market,” he says. Read More.

Click here to watch the full interview.

Renascor optimises coarse flake metrics at Siviour to get more high-value graphite to market as part of Phase I production

Published: Jan, 17 2024 | By: Special Report | STOCKHEAD | Renascor optimises coarse flake metrics at Siviour to get more high-value graphite to market as part of Phase I production

The Siviour graphite deposit in South Australia is touted as one of the largest outside Africa, with reserves of 16.8Mt @ 8.2% for 1.4Mt of contained graphite – enough to support production of 140,000tpa for the next four decades.

Last year, Renascor Resources (ASX:RNU) completed its BAM study that can deliver a globally competitive purified spherical graphite product – and now for Phase 1, the company says it will increase upstream coarse flake production so it can maximise initial revenues. Read More.

Renascor Resources land buy to accelerate push to graphite production

Published: Nov 16, 2023 | By: Special Report | STOCKHEAD | Renascor Resources land buy to accelerate push to graphite production

Renascor Resources’ (ASX:RNU) Battery Anode Material (BAM) study completed earlier this year found that the project can deliver a globally competitive gross operating cost for purified spherical graphite of US$1,782 per tonne over the first 10 years and US$1,846/t over LOM (life of mine).

This includes graphite concentrate operating costs of US$405/t over the first 10 years and US$472/t over LOM to deliver post-tax unleveraged NPV of $1.5bn, unleveraged IRR of 26%, and average annual EBITDA (earnings before interest, taxes, depreciation, and amortisation) of $363m. Read More.

Plenty of sizzle left in Siviour

Published: Nov 2023 | By: Michael Washbourne | AUSTRALIA’S PAYDIRT | Plenty of sizzle left in Siviour

Upstream production might be within touching distance for leading Australian graphite hopeful Renascor Resources Ltd, but managing director David Christensen is not tempting fate.

Renascor stands alone as the country’s best chance for local graphite production via its Siviour project, about 15km west of the quiet coastal town of Arno Bay on South Australia’s Eyre Peninsula. Read More.