RNU 1.27% 8.0¢ renascor resources limited

Ann: BurnVoir Appointed as Financial Adviser for Siviour, page-27

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    Article: Plans progress on Siviour graphite mine

    Renascor have a plan in place to buy out the current landowners should the project go ahead, which includes allowing them the rights to farm land not yet required for the mining operation.

    Renascor managing director David Christensen said the company was working through a "complicated" set of regulatory approvals that would likely be complete within months.

    Should the company be able to secure financing for the operation, Mr Christensen said construction could start by the end of the year "if the stars align," and begin operation in late 2020.

    Around 100 jobs would be created for the six to nine month period of construction.

    Chairman Richard Keevers said Renascor would likely need to have sales contracts in place before they would be able to finance the project.

 
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