We have a BAM factory plant almost ready to enter development in South Australia.
And it's all ours. No need to enter JV and give half the farm away. The site is large enough for a stage 2. 50,000 tpa? The updated BAM study release will be imminent - likely bigger stage 1 than previously planned. Be good to see a 40,000 ton stage 1 to 80k stage 2.
https://themarketherald.com.au/renascor-resources-asxrnu-secures-site-for-battery-anode-material-facility-2022-09-20/We don't need a plant in Korea.
POSCO can have guaranteed supply via a BOA when they stump up for a pricing formula that suits us. I note RNU said they are entering negotiations with POSCO for potential equity stake - but with the amount of money available with Critical minerals fund I would hope it is minimal.
R & D? It's graphite, not lithium. Pretty easy to process by comparison. We have that sorted already.
All the details.
https://renascor.com.au/wp-content/uploads/2022/11/20221103-Presentation-to-International-Mining-and-Resources-Conference-IMARC-2466808.pdfThen there is the large flake end of the market, currently getting higher prices than BAM feed, smaller flake concentrate. 17% of RNU's graphite is large flake so will go into other markets than BAM I guess. Will certainly help swell the coffers.
