- Renascor Resources (RNU) completes commercial-scale milling equipment trials for its planned graphite mine and battery anode manufacturing operation in South Australia
- The trials have achieved spherical graphite yields from the Siviour Graphite Deposit in excess of 65 per cent
- The higher results offer the potential for Renascor to produce more purified spherical graphite (PSG)
- Data from the equipment trials will be used for engineering design works and final equipment selection for the company’s planned PSG facility
- On the market this morning, Renascor shares were up 8.6 per cent, trading at 19 cents
Renascor Resources (RNU) has completed the commercial-scale milling equipment trials for its planned graphite mine and battery anode manufacturing operation in South Australia.
The trials have achieved spherical graphite yields from the Siviour Graphite Deposit in excess of 65 per cent, compared to 50 per cent yield adopted in the battery anode material study.
The higher results offer the potential for Renascor to produce more purified spherical graphite (PSG) and improve profit margins as a result of this increased proportion of PSG material being produced per unit of graphite concentrate feed.
The spherical graphite produced from the trials met or exceeded physical customer specifications.
Data from the equipment trials will be used for engineering design works and final equipment selection for the company’s planned PSG facility.
Renascor Managing Director David Christensen said the potential for improved yields offered further upside for the company.
“The completion of the downstream equipment trials is another important step in advancing and de-risking the Siviour Project, with the potential for improved yields offering further upside in our plans to become a global leader in the production of high-quality, sustainable Purified Spherical Graphite products for lithium-ion battery anode makers worldwide,” he said.
“We look forward to using data generated from these trials to complete engineering design works and for final equipment selection for our manufacturing facility in South Australia.”
On the market this morning, Renascor shares were up 8.6 per cent, trading at 19 cents at 11.11am AEDT.