Renascor Resources (ASX:RNU) - Managing Director, David Christensen
Managing Director, David Christensen
Source: Renascor Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Renascor Resources (RNU) advises it has lodged a Program for Environment Protection and Rehabilitation for the proposed Siviour Graphite Mine
  • The program covers RNU’s proposed processing capacity of up to 1.65 million tonnes per annum, producing up to 150,000 tonnes of graphite concentrates
  • The company will then use the concentrates from feedstock to produce purified spherical graphite from its vertical operation
  • The PERP will take four months to review and RNU notes it is the second stage of its two-stage government assessment before mining begins
  • Company shares are trading in the grey at 15 cents each at 11:34 am AEST

Renascor Resources (RNU) advises it has lodged a Program for Environment Protection and Rehabilitation for the proposed Siviour Graphite Mine.

The company explained the program was an important step for its wider Battery Anode Material Project, which aims to be the first vertical operation outside China.

The PERP will seek approval from the South Australian Government for RNU’s proposed processing capacity of up to 1.65 million tonnes per annum, producing up to 150,000 tonnes of graphite concentrates per year as well.

The graphite concentrates will then be used by the company as feedstock to produce purified spherical graphite from its vertical operation.

The PERP is the second stage of the two-step State Government approval for its operation, with the mining lease granted in 2019.

Renascor has been advised that the program will require a minimum review period of up to four months, if no major revisions are required.

Managing Director David Christensen said having the PERP lodged was a big milestone for the business.

“The lodgement of the PEPR is a significant milestone in the development of the Siviour Project and is underpinned by extensive stakeholder engagement and technical studies, independent expert reviews and comprehensive discussions with the South Australian Department for Energy and Mining over a five-year period,” Mr Christensen said.

“With the PEPR now lodged, we look forward to continued engagement with the local community and the State Government as we move through the final regulatory phases to permit the commencement of mining at Siviour in a manner that minimises environmental impacts and maximises the social and economic benefits to the local and wider communities.”

Company shares are trading in the grey at 15 cents each at 11:34 am AEST.

RNU by the numbers
More From The Market Herald
Cue Energy (ASX:CUE) - CEO, Matthew Boyall

" Cue Energy (ASX:CUE) enters $7m loan agreement with New Zealand Oil & Gas (ASX:NZO)

Cue Energy (ASX:CUE) has entered a $7 million, two-year unsecured loan agreement with New Zealand Oil…
ReNu Energy (ASX:RNE) - CEO, Greg Watson

" ReNu Energy (ASX:RNE) and Countrywide to launch green hydrogen production facility in Tasmania

ReNu Energy (ASX:RNE) and its wholly-owned subsidiary Countrywide Renewable Hydrogen start design of a green hydrogen…

" Syrah Resources (ASX:SYR) board green-lights Balama solar battery system final investment decision

Syrah Resources (ASX:SYR) approves the final investment decision (FID) for the installation of a solar and…

" Paladin Energy (ASX:PDN) appoints Quadrant’s Ian Purdy as CEO

Paladin Energy (ASX:PDN) has appointed Quadrant Energy's Ian Purdy as the new Chief Executive Officer (CEO)