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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-11-2019: Renascor Resources Ltd. announces a Feasibility Study report for its Siviour deposit at the Arno project. DFS results incl. post-tax NPV (10%) of A$388M, IRR of 33%. Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to announce the r | |
| Resources: | (Reserve, Prob.): 45.2Mt @ 7.9% TGC for 3.6Mt graphite contained | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to announce the results of the Definitive Feasibility Study (DFS) for its 100%-owned Siviour Graphite Project (Siviour) near the coast of South Australia’s Eyre Peninsula. The DFS confirms Siviour’s potential as a low-cost, long-life graphite project that can achieve consistently attractive profit margins even in the current lower graphite price environment. A summary of highlights relating to the DFS is detailed below. Commenting on the DFS, Renascor Managing Director David Christensen stated: “The DFS confirms Siviour’s status as a low-cost, tier one graphite project that can achieve consistently attractive profit margins even in the current lower graphite price environment. We believe this cost advantage, coupled with our location in the low sovereign risk jurisdiction of South Australia, will enable Siviour to become a premier provider of graphite for the growing lithium-ion battery market, as this sector becomes the dominant end-user of natural flake graphite. With the DFS now complete, we look forward to advancing towards securing binding offtake agreements and working with our finance partners to secure funding for Siviour’s stage-one development.” | |
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