Renascor Resources Limited ( (AU:RNU) ) has provided an announcement.
Renascor Resources Limited has received Early Contractor Involvement (ECI) submissions from engineering, procurement, and construction contractors for its proposed graphite mining and processing operation in South Australia. The ECI process has led to significant improvements in the design of the mineral processing plant, including increased graphite production, reduced operating costs, and enhanced graphite grade and recovery. Despite a slight increase in capital cost estimates, these advancements underscore the project’s competitiveness and potential to achieve low operating costs and high capital efficiency, enhancing confidence in the feasibility of the Siviour Graphite Deposit.
More about Renascor Resources Limited
Renascor Resources Limited is an Australian company operating in the mining industry, focusing on the extraction and processing of graphite. The company is primarily engaged in developing the Siviour Graphite Deposit in South Australia, which is known for its potential to offer low operating costs and high capital efficiency, positioning it as a competitive player in the global graphite market.
YTD Price Performance: -23.33%
Average Trading Volume: 2,560,078
Technical Sentiment Signal: Buy
Current Market Cap: A$116.9M
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