Renascor receives PEPR approval for Siviour Graphite Mine and Concentrator

Highlights:

• The PEPR approval permits Renascor to process up to 1.65 million tpy, which would allow Renascor to produce up to 150 000 tpy of graphite concentrates.
• Approval of the PEPR, which is the second step (following the previous grant of the Siviour mineral lease) in South Australia’s two-stage assessment process, permits Renascor to move forward with the development of the upstream graphite mine and concentrator portion of the Siviour battery anode material project – a vertically integrated battery anode material manufacturing operation located wholly within South Australia.
• PEPR approval follows a process of extensive stakeholder engagement, independent expert audits and comprehensive studies undertaken to incorporate designs and management plans to comply with conditions outlined in the Siviour mineral lease granted in 2019.
• The conditions of the approved PEPR are in line with Renascor’s expectations after a period of consultation with DEM since submission of the PEPR in September 2021.
• PEPR approval satisfies a fundamental condition of the Australian Government’s AUS$185 million loan facility to fund Renascor’s integrated Siviour battery anode material project.

Renascor Managing Director David Christensen, stated:

“Obtaining PEPR approval brings Renascor another key step closer to becoming a producer of 100% Australian-made purified spherical graphite. This approval is the culmination of extensive technical, environmental and social investigation over the last 6 years, and satisfies a fundamental condition precedent of the Australian Government’s AUS$185 million loan facility to fund Renascor’s integrated Siviour battery anode material project. We are very proud that our Siviour project has satisfied the comprehensive conditions required by the South Australian Department for Energy and Mining, and we look forward to continued engagement with the local community and the State Government as we work towards the commencement of mining and graphite production at Siviour with minimal environmental impacts and maximum social and economic benefits to the local and wider community.

The timing of the PEPR approval is especially opportune for the Siviour project, as there is growing potential for substantial upstream bottlenecks in the graphite-anode-battery supply chain due, in large part, to the lengthier approval process associated with new graphite mining operations relative to rapidly growing anode capacity. With this important regulatory milestone now achieved, Renascor is well poised to rapidly advance through the final development stages, into construction and operation of an important new supply line for the lithium-ion battery industry.”

Read the article online at: https://www.globalminingreview.com/mining/30112022/renascor-receives-pepr-approval-for-siviour-graphite-mine-and-concentrator/