Tag: Renascor Resources

Boosting Australia’s Critical Minerals Strategy

Boosting Australia’s Critical Minerals Strategy

The Australian Government today launched its 2022 Critical Minerals Strategy today as part of a package of measures to develop the sector, while the nation’s resources and energy exports is expected to reach a record high of $379b this financial year. The updated Strategy builds upon the first one published in 2019, which aims to put Australia at the centre of meeting the growing demand for critical minerals by 2030, and is part of the 2022-23 Federal Budget. Prime Minister Scott Morrison said Australia’s resources companies were leading the world in developing new critical minerals markets. “As the global economy changes, there are exciting new growth opportunities emerging in areas such as rare earths and critical minerals that ultimately mean…

Renascor greenlights Siviour project

Renascor greenlights Siviour project

RENASCOR Resources (ASX: RNU) has completed the Definitive Feasibility Study (DFS) at its 100pc owned Siviour graphite project in South Australia. The proposed Siviour mine would be an open pit with an adjacent graphite production plant, which the company said has the potential to be a world-class, low OPEX project. The DFS, completed by Royal IHC and Wave International, has been based on staged development, aiming for an average production of 80ktpa during the first stage, before expansion in year five that would be funded through the expected cash flows, ramping up production to 144ktpa between years five to 10. The projected life of mine operating cost is expected to be about $508/t, which according to the company is amongst…

In the Spotlight: Renascor Resources managing director David Christensen

In the Spotlight: Renascor Resources managing director David Christensen

Renascor Resources recently received an enormous funding boost from Dutch export credit agency (ECA) Atradius for its Siviour graphite mine in South Australia. Emma Davies spoke with managing director David Christensen about how this unique support covers a large amount of the capital costs of the project and places the company in an excellent, low-risk position moving forward. Q. Can you please explain how Renascor was able to secure backing from the Dutch export credit agency (ECA) Atradius for its Siviour graphite mine in South Australia? Renascor Resources’ plan to turn Australia’s largest graphite resource into a producing mine by 2021 has been greatly boosted by Atradius’ recent funding support. We have received in-principle support for up to 60pc of…

Commodity Focus: Graphite

Commodity Focus: Graphite

BY ELIZABETH FABRI LITHIUM has been the poster child for the booming battery metals market. However, what many may not know is the anodes in lithium-ion batteries contain far more graphite than they do lithium, with analysts of the view it’s just a matter of time before demand takes off. Graphite demand and prices are about to skyrocket. According to Roskill, the market will soon see a rapid period of growth driven by – you guessed it – the rising lithium-ion battery industry. Graphite itself can come in two forms; natural graphite which is mined and processed, and synthetic graphite which is made from petroleum coke. Then there’s graphene; an allotrope form of carbon comprising one atomic layer of graphite arranged…