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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 2/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-2-2019: Renascor Resources Ltd. announces a Pre-Feasibility Study report for its Siviour deposit at the Arno project. PFS for spherical graphite results incl. post-tax NPV of AU $889M (10%), IRR of 53%, 30yr LOM at the project. Estimated values of key | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Hall (Independent) | |
| ABSTRACT: | Estimated values of key parameters of the Spherical PFS are shown below, in addition to key economics of an integrated large-scale operation producing both spherical graphite and graphite concentrates as contemplated in Renascor’s graphite concentrate Prefeasibility Study (the “Concentrate PFS”) (see Renascor ASX announcement dated 14 March 2018). Commenting on the results, Managing Director David Christensen stated: “Siviour is uniquely advantaged in its potential to produce a high-quality spherical graphite product for the growing market for lithium-ion battery anodes. The low operating cost we expect to achieve at the graphite concentrate operation underpins a very high margin spherical graphite operation and offers more direct exposure to the lithium-ion battery market. Based on the expected sales price of spherical graphite, there’s a robust profit margin against our projected cost of production, which leads to strong free cash generation and rapid payback of capital. With nearly all spherical graphite used in lithium-ion battery anodes currently sourced from China, these results demonstrate Siviour’s potential to offer strategic diversification of supply of this globally important commodity by offering a high-quality spherical product mined and processed in Australia.” | |
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