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Ann: Critical Minerals Processing Road Map, page-42

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dontlistentome

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09/03/21

19:12

Post #: 51638566
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Originally posted by Mallyrock: ↑

Has anybody else picked up on the Australian Government’s National Manufacturing Priority road map (page 6). Every critical minerals project, except one, is mentioned as having an Australian mineral source that plans to, like Renascor – mine and downstream.

So, why is that project there at all? And therefore why is Renascor only recognised as a ‘Graphite’ project, not as a ‘battery grade' project as well, like the other?

Especially when you read the supporting commentary below it. In particular, the paragraph that I have circled in red. Therefore, it seems strange to include a 'graphite' project that has no Australian resource.

When consolidated to a complete project, Renascor's mined feedstock (raw material) when transformed into the battery grade spherical graphite operation, will be a highly competitive and robust one.

The graphite game is all about being competitively placed to supply the world demand. At present, Renascor can do that on scale. It has no real technical barriers to scale-up its operation nor any commodity price volatility issues that it has to source outside as opposed to the other project mentioned on the map. This is also discussed as a concern in the summary below.

Therefore, I trust this is just an oversight by the Australian Government to include such a fundamentally flawed project.

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RNU Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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