How Renascor's Siviour Project Low Carbon Footprint Can Change Graphite Mining? Renascor Resources Limited

How Renascor's Siviour Project Low Carbon Footprint Can Change Graphite Mining?

Renascor, an Australian graphite exploration and development company, has received good news after independent environmental consultancy company, Minviro Limited, completed a life cycle assessment (LCA) of the environmental footprint of Renascor’s 100%-owned Siviour Battery Anode Material Project in South Australia.

Minviro's cradle-to-gate assessment includes everything from mining, concentrating, spheronization, and purification, encompassing both Renascor’s proposed Siviour graphite mine and mineral processing plant near Arno Bay, South Australia and Purified Spherical Graphite (PSG) production facility in Bolivar, South Australia. The result shows the climate change impact of producing one tonne of PSG from the project will be approximately 2. 0 tonnes of CO2 equivalent emissions (CO2e), indicating that Siviour's climate change impact compares favorably with current production of PSG from Heilongjiang, China, where producing one tonne of PSG results in approximately 7. 0 tonnes CO2e.

Why It Matters

The graphite market is expected to continue to grow, with Benchmark Mineral Intelligence predicting an increase in battery anode demand of 300% by 2028 and policy initiatives such as the US Inflation Reduction Act incentivizing the growth of new supply chains to meet growing demand. China currently supplies approximately 70% of the global supply of graphite and 90% of global supply of anodes for lithium-ion batteries but has recently announced graphite export restrictions, highlighting the need for new ex-China supply sources like Renascor’s proposed project.

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Renascor's Siviour Project has received primary mining approvals with the award of the Program for Environment Protection and Rehabilitation and has completed a Definitive Feasibility Study level assessment in the recently announced BAM Study. The result of the LCA is expected to help Renascor secure financing and offtake commitments. Overall, the Siviour Project has the potential to become a cleaner source of purified spherical graphite than currently exists in the market.

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