- Renascor Resources (RNU) shares receive a boost after the company completes pilot floatation trials at a graphite facility in China
- The company processed 77.8 tonnes of Siviour ore and bulk samples of Siviour graphite concentrates as part of the trial
- Concentrates have been sent to offtake partners in the hopes of advancing binding offtake agreements
- The stage marks a step of RNU’s broader efforts to bring a Siviour graphite concentrate operation to Australia
- Renascor Resources shares are up 3.85 per cent to trade at 13.5 cents
Renascor Resources (RNU) shares received a boost after the company completed pilot floatation trials at a graphite facility in China.
The company processed 77.8 tonnes Siviour ore at the facility, producing bulk samples of Siviour graphite concentrates which were dispatched to existing offtake partners.
Renascor said it ultimately plans to bring the planned Siviour graphite concentrate operation to a manufacturing facility in Australia to produce purified
spherical graphite.
This stage of the trial was undertaken with the aim of producing these large quantities of concentrate as well as validating locked cycle flotation parameters and testing the floatation circuit’s production capabilities.
The overall average graphite purity from these production runs was 95.7 per cent total carbon at an average graphite recovery of 94.6 per cent, which Renascor said compares “favourably” to results from locked cycle tests.
Renascor’s Managing Director, David Christensen, said completing the pilot trials represented a significant step forward.
“The trials have both validated our flotation flowsheet parameters adopted in recent locked cycle tests, as well as providing the potential for increased purities and thereby improving the economic efficiency of the purified spherical graphite operation,” he said.
“Concentrate produced from the trials has already been dispatched to existing offtake partners and will assist in supporting the progression to binding offtake agreements, as well as permitting the commencement of downstream equipment trials.”
Renascor Resources shares were up 3.85 per cent at 11:28 am AEST to trade at 13.5 cents.