The Siviour BAM Project in South Australia

Renascor is developing a vertically integrated Battery Anode Material Manufacturing (BAM) Project in South Australia. The Siviour BAM Project comprises:

• the Siviour Graphite Deposit – located near Arno Bay on the Eyre Peninsula in South Australia, Siviour is the world’s second largest Proven Reserve of Graphite and the largest Graphite Reserve outside of Africa;

• the Siviour Graphite Mine and Concentrator – Siviour will be developed via a conventional open-pit mine and crush, grind, float processing circuit and is expected to deliver world-class operating costs, in large part due to the favourable geology and flat lying geometry of the deposit; and

• a Battery Anode Material Production Facility – located in Bolivar, where Siviour graphite concentrate will be converted into Purified Spherical Graphite (PSG) using an eco-friendly processing method before being exported to lithium-ion battery anode manufacturers.

Figure 1:  Siviour BAM Project location map

Figure 2: How the Siviour BAM Project fits into the Battery manufacturing cycle.

Figure 3: Mine site located in Arno Bay, South Australia.

Figure 4: Rendered image of the proposed PSG facility in Bolivar, South Australia.

Renascor’s Competitive Advantages:

Renascor intends to leverage its competitive advantages to develop a vertically integrated operation to manufacture high value PSG from a low-cost graphite concentrate feedstock and provide a secure cost-competitive supply of battery anode raw material into the rapidly growing lithium-ion battery market.  These include:

• Vertically integrated operation to produce PSG located wholly within South Australia.

• World’s 2nd largest Proven Graphite Reserve and largest Graphite Reserve outside of Africa.

• Favourable geology, allowing manufacturing of PSG at costs that are competitive with current Chinese production and advantaged over developments outside of China.

• Proven, eco-friendly HF-free purification process endorsed by leading global anode companies.

• Tier-1 jurisdiction with low sovereign risk and access to established infrastructure.

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Project Status:

• Non-binding offtake agreements with leading global anode companies, including POSCO (South Korea), Zeto and Minguang New Material (China), Hanwa Corporation (Japan) covering up to 60,000tpa of PSG (+200% of Stage 1 production rate).

• The Siviour BAM Project has been granted Major Project Status by the Federal Government.

• Conditional approval received for an AU$185 million Loan Facility from Export Finance Australia via the Federal Governments AU$2 billion Critical Minerals Facility.

• Mining approvals received through the granting of a Mining Lease (ML) in April 2019 and the Program for Environment Protection and Rehabilitation (PEPR) approved in November 2022.

• Renascor has commenced detailed design, procurement and long lead infrastructure works to minimise the construction period for the planned mining and processing operation.

Renascor Resources Limited is a proud member of the European Battery Alliance and European Raw Materials Alliance.