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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 5/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-5-2019: Renascor Resources Ltd. announces a Scoping Study report for its Siviour deposit at the Arno project. Development study results incl. post-tax NPV of AU $435.0m (10%), IRR of 40%. To permit an evaluation of the new plan and as part of Renascor’s | |
| Resources: | (Reserve, Prob.): 45.2Mt @ 7.9% TGC for 3.6Mt graphite contained | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | To permit an evaluation of the new plan and as part of Renascor’s on‐going project finance and offtake negotiations, Renascor presents in this announcement a preliminary assessment of the Optimised Development Plan. Renascor is currently completing work on the DFS, which has adopted the operating parameters used in the Optimised Development Plan. Work on the DFS is advanced, with all major work programs, including resource modelling and mining, tailings, engineering and logistic studies at or near completion. The DFS schedule has been updated to permit a pre‐ completion review as part of on‐going financial due diligence, with results from the DFS expected to be available in July. A summary of the key results of the Optimised Development Plan is described below in Table 1. Additional information, including material assumptions, are included elsewhere in this announcement. To the extent that the Optimised Development Plan differs from the production cases presented in the PFS, the economic and engineering parameters of the Optimised Development Plan have only been assessed to scoping study level standards and the cautionary statements set out above apply to the summary results presented in this announcement. | |
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