Australian explorer, Renascor Resources Limited (ASX: RNU) has announced the results of a battery anode material study, confirming that integration of a Purified Spherical Graphite (PSG) processing operation with Renascor’s Siviour Graphite Project creates significant added value and aligns the company with PSG end-users seeking supply chain security outside of China.
The study was undertaken to determine the economic viability of an operation comprising a mine and graphite concentrate production plant and a battery anode material manufacturing facility designed to produce PSG.
The study shows an internationally competitive gross operating cost of US$1,989 per tonne of PSG.
PSG production averaging 28,000 tonnes per annum is planned, which aligns with positive feedback from potential offtake and finance partners. RNU plans to use the study results to secure offtake commitments to permit the financing and development of Siviour Graphite Project.
Post the significant update, RNU stock zoomed ~11% on 1 July 2020 (12:22 PM AEST).
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