The Locked-cycle testwork being performed at the moment is another crucial step on the path to bedding down all of detailed engineering design and is being performed by Renascor’s external engineering advisors Wave International. Wave were study manager and supervising engineers for RNU's 2018 Spherical Scoping Study and have done engineering/process work with Renascor even before that. With intimate knowledge of the viability of the project and the quality of RNU product, Wave International gave Renascor access to their network.
from Wave International's website:
IHC Robbins (a subsidiary of Royal IHC) - our EPC contractor, and Burnvoir - our finance consultants, are in partnership with Wave International - an independent resource development consulting group with specific expertise in the downstream processing of industrial minerals.
The relationships with Wave, and the likes of IHC, and Burnvoir that RNU has made since then, are well developed now. IHC paid $1M to fund the DFS for Siviour where IHC and Wave were working together to complete the feasibility studies.
Royal IHC, a +3,000 employee, multi billion dollar multi national specialist service provider to the dredging, mining and offshore industries is not only working with us as EPC contractor, they are helping us get our foot in the door with multi-national finance/banking/ECA networks for financing the project. The only reason govt. backed Atradius were inerested in offering RNU better than bank interest rates for upto 60% of project CAPEX is because IHC were involved- and liked what they saw with intimate knowledge of the project.
'Brisbane, Australia-based John Feenan, managing director of Royal IHC's multidiscipline technology business IHC Robbins, said his firm would not only deliver Siviour's definitive feasibility study, or DFS, but give Renascor access to what is unavailable to most graphite hopefuls —leverage to its finance networks.'
'The results of the current purification trials will be used for detailed engineering design for construction of Renascor’s planned manufacturing facility in South Australia, as well as to support on-going offtake and finance discussions.'
- Renascor’s HF-Free Technology Achieves 99.99% Purity 28 May 2021
So, the recently completed PSG purification testwork done in partnership with ANZAPLAN will be supporting offtake discussions. IMO the product resulting from the optimisation testwork recently completed would be being marketed to existing and potential new PSG offtake partners.
ANZAPLAN by their own description..:
'ANZAPLAN is the leading consultancy and engineering company for industrial, specialty minerals and metals projects with a complete one-stop shop solution across all phases of project development.
Our services cover process design, consulting in market requirements and applications, and high-end analytical services along the complete value chain of project valuation - from material analysis, through project planning, to realization of plant engineering and, crucially, end user customer acceptance.'
So..- ANZAPLAN etc. marketing Siviour Opimised PSG/Binding offtake negotiations Ongoing
- Wave and IHC Locked-cycle tests and any other process engineering related work before Finance due diligence Q4' 21
- IHC and Burnvoir taking care of the CAPEX Financing arrangements for whatever the CEFC don't/won't cover Q4' 21
- Final PEPR lodgement Q4 '21
- Atradius/Other banks Finance DD Q1 '22
- Final Investment decision Q1 '22
In as little as 6 months we could have a FID... All things going to plan!
IMO
GLA
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