regards brunobravoASX AnnouncementDrilling Extends Siviour...

regards brunobravo
ASX Announcement
Drilling Extends Siviour Graphite Deposit
Drilling confirms continuity of widespread, high-grade graphite extending over 3 kilometres immediately north of Siviour Mineral Resource
Highlights
Drilling confirms major extension to Siviour Graphite Deposit, with assays demonstrating the continuity of widespread, high-grade graphite over an area extending over 3 kilometres immediately north of the Siviour Mineral Resource.
Significant intersections include:
o 47m @ 7.6% Total Graphitic Carbon (TGC) from 78m (SIVDD290),
o 38m @ 6.6% TGC from 91m (SIVDD 294),
o 26m @ 9.0% TGC from 70m, including 7m @ 14.1% TGC from 79m (SIVDD287),
o 24m @ 8.7% TGC from 110m, including 12m @ 11.4% TGC from 110m (SIVDD288) and
o 11m @ 8.7% TGC from 72m and 27m @ 6.5% TGC from 93m (SIVDD276).
Renascor’s 100%-owned Siviour Graphite Deposit in South Australia is currently the world’s largest reported Reserve outside of Africa and the second largest Proven Reserve globally.
Renascor considers the new drilling to offer potential for a significant increase to the Siviour Mineral Resource and to support extensions to the current pit design for future expansions beyond the capacity being currently being considered under the updated, optimised Battery Anode Material Study (BAM Study).
An updated Mineral Resource estimate is expected later this quarter.
Commenting on the drill results, Renascor Managing Director David Christensen stated:

“The drill results continue to add to the world-class quality of the Siviour Graphite Deposit and demonstrate the unique potential of an abundance of near-surface, high-grade graphite in a single ore body.
We expect that these results will support further extensions to the current pit design for future capacity expansions beyond those being considered in the optimised BAM Study, as well as to offer the potential for a significant increase to the Siviour Mineral Resource.”