Renascor has announced that the measured and indicated Siviour mineral resource estimate now stands at 62.8Mt at 7.5% TGC for 4.7Mt contained graphite. 

That most of the resource is in the higher confidence indicated and measured categories, confirms the continuity of widespread and high-grade mineralisation at Siviour.

The South Australian Siviour Project, currently the second largest reported proven graphite reserve in the world and the largest graphite reserve outside Africa, supports a 40-year mine life with production of graphite concentrates up to 150,000tpa.

Renascor (ASX:RNU) says the upgraded resource estimate provides confidence in the quality of the Siviour resource to permit an improved pit design, mining schedule and ore reserve in its optimised updated Battery Anode Study.

Ongoing work

RNU is continuing the development of the Siviour Battery Anode Material (BAM) Project, with multiple concurrent workstreams currently underway.

Some of these include resource expansion drilling along strike of the existing mineral resource which will begin later this quarter, continued negotiations regarding a commercial agreement to secure the site for the downstream facility where it will produce purified spherical graphite (PSG), and the upgraded Battery Anode Study.

The study includes updated geotechnical, tailings, hydrogeological and infrastructure studies, together with optimisation and locked-cycle mineral process testing.

RNU says it will assess an increase to the previously planned PSG production capacity of 28,000tpa, as well as additional staged expansions to meet projected demand.

 

 

 

This article was developed in collaboration with Renascor Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.