Renascor Resources (ASX:RNU) completes collection of 730 tonnes of graphite ore for PSG demonstration facility

Renascor Resources Limited (ASX:RNU) has successfully collected 730 tonnes of graphite ore from its 100%-owned Siviour Graphite Deposit in South Australia. The large-scale sample will be utilized to produce graphite concentrate for Renascor's planned Purified Spherical Graphite (PSG) demonstration facility.

Renascor Managing Director's commentary on graphite ore collection

Renascor Managing Director David Christensen stated, 'The successful completion of this 730 tonne, bulk sample from Siviour is a key milestone for our Australian Government co-funded Purified Spherical Graphite demonstration facility. With the sample collection now safely completed, we will build upon the significant work already completed on our downstream processing designs as we look to demonstrate that our eco-friendly, HF-free purification technology can create a competitive advantage for Renascor as a low-cost, ex-China producer of Purified Spherical Graphite for the lithium-ion battery sector.'

Summary of Renascor Resources' graphite ore collection and future plans

Renascor Resources has completed the collection of 730 tonnes of graphite ore from its Siviour Graphite Deposit to support the development of its Purified Spherical Graphite (PSG) demonstration facility. The company plans to process the sample ore into graphite concentrate at a commercial graphite facility in China and subsequently mill and purify it into PSG using an eco-friendly, HF-free purification process at the planned demonstration facility. Renascor aims to demonstrate its competitive advantage as a low-cost, ex-China producer of PSG for the lithium-ion battery sector. The company has also received a $5 million grant from the Australian Government for the PSG demonstration facility and is progressing the development of its vertically integrated Battery Anode Material (BAM) operation in South Australia, intending to reduce the time to first production of graphite to coincide with projected near-term supply shortfalls. Renascor's ambitions include leveraging its inherent advantages to provide a secure, cost-competitive supply of battery anode raw material into the rapidly growing lithium-ion battery market.