Renascor Resources Limited (ASX: RNU) has reported a significant 25% increase in the Mineral Resource estimate for its Siviour Graphite Deposit in South Australia. The updated estimate now stands at 123.6 million tonnes (Mt) with a total graphitic carbon (TGC) content of 6.9%, equating to 8.5 million tonnes of contained graphite. Impressively, 61% of this resource falls under the Measured or Indicated categories, enhancing its reliability. Siviour now ranks as the second-largest Proven Graphite Reserve globally and the largest one outside of Africa. It is projected to support a mine life of 40 years with annual Graphite Concentrate production of up to 150,000 tonnes.
These findings stem from the recently completed Battery Anode Material Study (BAM Study), which forecasts competitive operating costs. This upgraded Mineral Resource estimate is expected to facilitate future expansions and potential optimizations in pit design, extending beyond the considerations made in the BAM Study. Renascor Resources sees Siviour as a crucial source of high-quality graphite, vital for the evolving lithium-ion battery supply chain as graphite demand continues to surge.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
