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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 3/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 17-3-2017: Renascor Resources Ltd. announces a Resource Estimation report for its Siviour deposit at the Arno project. Updated Mineral Resource Estimate for Siviour. Renascor Resources (ASX: RNU) is pleased to announce an upgrade to the JORC Mineral Resou | |
| Resources: | (Resource, I+I): 80.6Mt @ 7.9% TGC for 6.4Mt Graphite contained at Siviour | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | Renascor Resources (ASX: RNU) is pleased to announce an upgrade to the JORC Mineral Resource for its Siviour Graphite Deposit. Commenting on the upgraded resource, Renascor Managing Director David Christensen stated: “The resource upgrade is a key milestone in our goal of becoming a producer of high quality graphite to service expected increased demand, including from manufacturers of lithium-ion batteries and other high growth market segments.” “The revised resource confirms Sivour’s globally significant scale, and given its favourable grades, continuity and nearness to surface, suggests Siviour may have potential competitive advantages in both size and mining costs.” “As we accelerate the development of Siviour, there is strong reason to believe that Siviour, located in the secure mining jurisdiction of South Australia, has the potential to compete with emerging large-scale graphite developments in Africa.” The upgraded resource provides sufficient confidence in the size and quality of the Siviour resource to complete the Siviour Scoping Study and extract a bulk sample for pilot plant scale test work and customer product testing. Further developmental milestones are expected in coming weeks with results of in progress mineral processing tests and Scoping Study. | |
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