Junior Renascor Resources on Tuesday said that the availability of financing would ultimately determine the size of its Siviour graphite project, in South Australia.
Renascor is currently considering a staged development of the Siviour project, with Stage 1 of the operation producing 22 800 t/y of graphite concentrate at a capital cost of $29-million. In Stage 2, Renascor’s yearly production would increase to 156 000 t for an investment of $91-million.