Renascor starts definitive feasibility work

RENASCOR Resources has released the maiden reserve for its Siviour graphite project in South Australia, and says the accompanying pre-feasibility study supports the development of a large-scale mining operation so it is moving straight into a definitive feasibility study.

Renascor starts definitive feasibility work Renascor starts definitive feasibility work Renascor starts definitive feasibility work Renascor starts definitive feasibility work Renascor starts definitive feasibility work
The maiden reserve is for 45.2Mt at 7.9% total graphitic carbon for 3.6 million tonnes of contained graphite.
 
The PFS says Siviour can ultimately support a 30-year mine life, with average production of 142,000 tonnes per annum over first 10 years with 117,000tpa over the life-of-mine, with operating costs of just US$335 per tonne compared to an expected graphite price above $1000/t.
 
The PFS assessed a staged development, starting at 22,800tpa over first three years before transitioning to larger scale production in year four.
 
That option would require just $29 million to get to production, however operating costs would be higher at $576 per tonne of product over first three years, before fa...

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