A number of people on these threads have considered investing in our nearby neighbours on the Eyre Peninsula i.e. ITM, OAR, QGL to name a few, on the hope that they may be a takeover target for Renascor aka Resource Expansion
Sorry to be the bearer of Bad News, But you have more chance of seeing Jesus at a Rock Concert. Siviour is an absolute beast already that supports a 40 year mine life on prior drilling that to be frank we have only scratched the surface of to date.
Renascor is now conducting further drilling a Buckies (Northern Section in the below), which judging by the EM Geophysical Survey Results shows a large target area to attack. Dependent on how many holes the company plugs into this area and how far north they choose to extend, I wouldn't be surprised to see the Siviour Resource to Double in Size over the next 6 months.
The two previous holes that have been plugged at the start of this area (Black dots on the below image) yielded intercepts of 36m & 32m at decent grade.
Personally, I would hope the companies main focus remains on bringing Siviour into Construction ASAP, Drilling for future growth is great on the side whilst we are awaiting other de-risking items but should not be the priority at our stage of development !
The Catalysts we are patiently awaiting
- PEPR Approval forFully Permitted Mine -Binding Offtakeswith Existing and NEW customers -Strategic Cooperation Agreementwith POSCO - Further Funding from theClean Energy Finance Corporation - Site Selection and Approvals for PSG Facility - OptimisedBattery Anode Material Studyfrom GR Engineering + Wave International
