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Renascor Resources Ltd.

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Summary

Project:

Arno

Deposit:Siviour
Location:Australia
Commodities:Graphite
Date:3/14/2018
Report Code:JORC
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Feasibility Study
Report details:14-3-2018: Renascor Resources Ltd. announces a Pre-Feasibility Study report for its Siviour deposit at the Arno project. PFS results incl. post-tax NPV of US$500M, IRR of 62% and 30yr LOM at project. Renascor Resources (ASX: RNU) is pleased to announce th
Resources:(Reserve, Prob.): 45.2Mt @ 7.9% TGC for 3.6Mt graphite contained
CP/QP:[Resources]: Christine Standing (Optiro Pty Ltd.)
ABSTRACT:Renascor Resources (ASX: RNU) is pleased to announce the maiden Ore Reserve and results of the Prefeasibility Study (PFS) for the Siviour Graphite Project. The project economics are compelling and highlight Renascor’s potential to become a highly profitable, long-term graphite producer in Australia. Commenting on the results, Managing Director David Christensen stated: “The PFS confirms Siviour’s potential as a high margin graphite operation, with the ability to provide much needed globally competitive diversity of supply from the low sovereign risk jurisdiction of South Australia. Siviour offers high-quality, low cost production that is competitive with any graphite development globally. Siviour also offers a high margin, low-start-up capital option. As we now move to more advanced offtake and finance discussions, we believe these factors will be important in securing the funding necessary to advance into construction and operation.”

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