Some extra information here that was excluded from the BAM update from Wednesday (as that was strictly BAM related).
- resource expansion drilling program has been completed, and mostly surrounds previous significant intersection drills (SIVRC005)
- drilling results due this current quarter
- During the recently completed quarter, Renascor provided additional graphite sample material to potential offtake partners. Renascor has received favourable feedback regarding the recently provided graphite samples, as well as previous samples.
- Renascor recently met with current and potential offtake partners in Japan and also participated in Austrade’s Critical Mineral Delegation to Tokyo and Osaka. The Austrade delegations included meetings, together with Australian government and other critical mineral representatives, with Japanese government officials and industry representatives active in the critical mineral and electric vehicle supply chain.
- some conditions of the $185m loan are touched on - include customary project financing conditions including progression of technical, legal and marketing due diligence workstreams.
- Satisfaction of the conditions of approval is projected to coincide with a final investment decision for the development of the BAM Project.
- Strong cash position of $134m
- very reasonable $369k spent towards related parties and associates (wages, super etc)
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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