Ann: Battery Anode Material Study Update, page-13

Battery Anode Material Study Update
Project optimisation study nears completion, incorporating increase in
PSG production capacity; long-lead time procurement and FEED tender
commencing for upstream operation
Highlights:
• Renascor Resources Limited (ASX: RNU) (Renascor) is in the advanced stages of an
updated and optimised Battery Anode Material Study (BAM Study) for its proposed
vertically integrated graphite mine and manufacturing operation in South Australia. The
BAM Study is assessing an increase in the Stage 1 Purified Spherical Graphite (PSG)
production capacity from 28,000tpa, as well as additional staged expansion of PSG
operations1.
• Following the approval of the Program for Environment Protection and Rehabilitation for
its upstream Mine and Concentrator2, the BAM Study will reflect an accelerated
commencement of construction of the upstream operation, with procurement of longlead time items and tendering for front-end engineering and design (FEED) commencing
in the current quarter.
• All engineering deliverables for the BAM Study have been completed on the upstream
Mine and Concentrator, with remaining works focused on finalising technical
documentation to support project financing, detailed design and procurement.
• Engineering deliverables have been received for the downstream PSG facility, based on
an optimised purification process, with on-going works assessing key support
infrastructure.
• Renascor expects to complete the BAM study in July 2023