From The West Australian
A further $185 million loan is being fast-tracked so Renascor Resources can deliver the first stage of its Siviour graphite project in South Australia earlier than previously plannedEye
The loan was originally approved in February 2022, under the previous government, but now has conditional approval to be sped up.The sustainable and ethically sourced purified graphite produced at Siviour will be used in electric vehicle batteries and renewable technologies.
Value-adding to critical minerals mined in Australia is a key plank of Prime Minister Anthony Albanese’s domestic manufacturing policy.
He announced last week a new Future Made in Australia Act would bring together existing initiatives, including the $4 billion Critical Minerals Facility, with new measures to be unveiled in next month’s Budget.
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