• Test work shows Renascor Resources  can deliver low-cost purified spherical graphite
  • Hydrofluoric-free treatment process validated as a cost-effective, environmentally advantageous processing technique
  • Advanced engineering work can now begin on the RNU demonstration plant

 

Special Report: Renascor Resources has confirmed its technical readiness to advance to a detailed engineering stage of a spherical graphite demonstration plant in South Australia.

Test work validated the readiness of water treatment in recycling reagents and treating process water, supporting Renascor Resources’ (ASX:RNU) hydrofluoric acid-free treatment process as a cost-effective alternative.

The process avoids costs associated with environmental handling and disposal of the acid, using lower cost reagents and reducing overall consumption through the water treatment circuit of the Battery Anode Material project.

It passes another milestone for Renascor, which has been swiftly passing them by on its government-backed ambitions to produce downstream product from its own sizeable graphite reserves.

“The competitiveness of Renascor’s BAM Project is based in part of the quality of the Siviour Graphite Deposit, which has the potential to be amongst the world’s lowest cost sources of graphite concentrates,” managing director David Christensen said.

“We believe our comprehensive work in advancing the technological readiness of our purification process, including the test results announced today, can deliver a further competitive advantage to Renascor and establish a viable ex-China source for battery-grade graphite for lithium-ion batteries.

“We look forward to further demonstrating the effectiveness of our downstream operation as we advance into construction and commissioning of our demonstration plant.”

 

Full ground graphite

While the plant is moving to a demonstration stage, Renascor says it has largely achieved the technical and regulatory ends towards a final investment decision on starting mining.

Between the mine and processing facility, the operation is slated as the first integrated anode material development to exist outside of Chinese borders.

The demonstration facility, pending arrival of equipment, can begin commissioning as soon as Q3 2025, and the company believes it’s at the front end of a rest-of-world graphite queue.

While relatively simple geologically, producing a product is more complicated for graphite, and a first concentrate run which exceeded Renascor’s expectations can now be used as a feedstock for demonstration.

The financials are still in the works for a final investment decision over the planned mine, but with a $5m Federal grant to co-fund the demonstration plant and a $185 million conditional loan from the Critical Minerals Facility, Renascor has some Canberra cash to help along the path.

 

 

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.

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