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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 5/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-5-2017: Renascor Resources Ltd. announces a Scoping Study report for its Siviour deposit at the Arno project. Scoping study results incl. post-tax NPV (10%) of A$408-551M, post-tax IRR of 59% at a LOM of 20yrs. Renascor Resources (ASX: RNU) is pleased | |
| 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 the results of a Scoping Study for a proposed open pit mine and graphite production plant at the Siviour Graphite Deposit in South Australia’s Eyre Peninsula. The Scoping Study was prepared by independent mining consulting group BatteryLimits. The project economics are encouraging and highlight Renascor’s potential to become a long-term graphite producer in Australia. The Scoping Study considered multiple mine options based on a 20-year mine life in which the entire Life of Mine (LOM) graphite production target would be entirely included within the existing Indicated Resource of Siviour. Based on market requirements and potential capital raising capacity, an annual production rate of 123,000 tonnes per annum was selected as the most viable scenario. The Scoping Study is based on producing flake graphite concentrates from a proposed open pit mine and graphite production plant to be located on the project site in South Australia. The potential to produce spherical graphite or other advanced materials through downstream processing is to be considered in further studies. A summary of the key results of the Scoping Study is described below in Table 1. Additional information, including the material assumptions used in the study, are included elsewhere in this announcement. | |
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