Renascor Resources (ASX:RNU) reports higher yields for Siviour Project

• Renascor Resources (RNU) reports higher yields and higher prices for its purified spherical graphite from its Siviour Project in South Australia
• The results came from Renascor’s planned vertically integrated graphite mine and battery anode material manufacturing operation
• Ongoing test work demonstrated commercial-scale testing of downstream milling equipment delivered spherical graphite yields of over 60 per cent
• The company says the team is continuing to make great progress in rapidly advancing the development of the Siviour Battery Anode Material operation
• Renascor Resources was up 4.35 per cent to $0.12 per share at 11:25 am AEDT

Renascor Resources (RNU) has reported higher yields and higher prices for its purified spherical graphite.

The results came from Renascor’s planned vertically integrated graphite mine and battery anode material manufacturing operation in South Australia.

Ongoing test work showed commercial-scale testing of downstream milling equipment, using graphite concentrates from Siviour, delivered spherical graphite yields over 60 per cent. This marks an improvement to the 50 per cent yield adopted in Renascor’s battery anode material study.

Locked cycle tests using Renascor’s eco-friendly purification process also confirmed the ability to exceed lithium-ion battery anode purity specifications, with results of up to 99.99 per cent carbon, compared to the anode industry standard of 99.95 per cent carbon.

Managing Director David Christensen said the team is continuing to make great progress in rapidly advancing the development of the Siviour Battery Anode Material operation.

“These favourable results come at a time of increasing demand for battery anode materials and strong growth in the price of purified spherical Graphite,” he said.

Meanwhile, Renascor said it’s continuing to make good progress in relation to its Strategic Cooperation and Offtake MOU with POSCO International.

Renascor Resources was up 4.35 per cent to $0.12 per share at 11:25 pm AEDT.