Announcement Date: 2022-07-06
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Renascor Resources Ltd.
Project name: Siviour
Location: Australia
Commodities: Graphite
Highlight: Drilling results incl. 45m @ 9.4% from 23m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to report on final assays from recent drilling at its 100%-owned Siviour Graphite Deposit in South Australia. Commenting on the drill results, Renascor Managing Director David Christensen stated Renascor is currently undertaking an updated, optimised Battery Anode Materials Study4 (BAM Study), assessing its planned vertically integrated mine and advanced manufacturing operation in South Australia. The optimised BAM Study is assessing an increase to the previously planned Purified Spherical Graphite (PSG) production capacity of 28,000tpa, as well as additional staged expansions to both the planned Graphite Concentrate and PSG operations in order to meet projected demand. In support of this objective, Renascor recently completed a 2,873 metre (38 hole) reverse circulation drill program at Siviour, with a primary aim of increasing the confidence and scale of the Siviour Resource. Preliminary drill results confirmed several thick intersections of high-grade graphite within the eastern portion of the Inferred Resource zone. See Renascor ASX announcement dated 16 June 2022.
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