- Renascor Resources (RNU) has had its purified spherical graphite (PSG) confirmed as anode-ready
- The review of Renascor’s Siviour project’s PSG found it meets the requirements for integration into lithium-ion batteries
- The company wants to become the first integrated in-country mine and battery anode materials operation outside of China
- RNU said today’s positive test results further cements this goal and its wider global viability
- Shares in the company are trading up 6.67 per cent for 1.6 cents each
Renascor Resources (RNU) says new testing confirms its purified spherical graphite (PSG) meets the requirement to be integrated into lithium-ion batteries.
The tests were undertaken by a German graphite specialist called ProGraphite, who used the same environmentally-friendly caustic roast purification method. first created by Renascor.
They were testing feedstock produced from Renascor’s Siviour Graphite Project in South Australia to see if it could be transformed into anode-ready PSG.
Significantly, ProGraphite confirmed the uniquely-produced PSG does meet the strict requirement to be used by lithium-ion battery makers.
This is good news for Renascor, who is aiming to one day become the first fully integrated in-country mine and battery anode materials operation outside of China.
Source: Renascor Resources
RNU Managing Director David Christensen said today’s test results take them one step closer to achieving this goal.
“Today’s results demonstrate that Siviour graphite can be upgraded to strict battery industry specifications for PSG, by adopting the cost-competitive and eco-friendly process adopted in our Battery Anode Material Study,” he said.
“These results are an important step in qualifying Siviour PSG for use by lithium-ion battery anode manufacturers and will be used to support ongoing offtake discussions,” he added.
Shares in RNU are trading up 6.67 per cent at 1.6 cents per share at 3:10 pm AEST.