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Renascor to fast track huge Australian graphite project

Mining & Resources

THE owner of Australia’s newest and largest graphite project will fast track its development through to production.

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Renascor acquired the Arno project on South Australia’s Eyre Peninsula late last year with much of the resource contained within 25 metres of surface and remaining open along strike.

The company has adopted what it says is a three-tiered immediate term work program to ensure rapid development of the January 2016 discovery on South Australia’s Eyre Peninsula.

Addressing the Paydirt 2016 South Australian Resources and Energy Investment Conference in Adelaide, Renascor Resources’ Managing Director, David Christensen, said the Siviour deposit within the Arno project was of a calibre that warranted fast tracking through development into production.

“Our immediate focus is to conduct further drilling to expand the known graphite resource, undertake further mineral processing testing and complete a scoping study by the third quarter this year,” Christensen said.

“Successful completion of these near term goals can then pave the way for offtake negotiations, permitting, feasibility, construction and production scheduling.”

Located just south of Cowell, about 230km northwest of the South Australian capital Adelaide, Siviour has an Indicated and Inferred resource of 16.8 million tonnes at 7.4 per cent total graphitic carbon for 1.24 million tonnes of contained graphite at a cut-off grade of 3 per cent TGC.

“We have already established scale, very favourable potential strip-ratio and excellent in situ flake size for Siviour,” Christensen said.

“Renascor will now move through the very critical metallurgical and product satisfaction phases.  Should the results continue in a positive fashion, Siviour looks likely to provide much needed diversity of supply from here in Australia to a global market currently dominated by Chinese production,” he said.

Graphite is expected to continue to be a key commodity for battery manufacturing steel refractories and lubricant development.

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