100 jobs for new graphite mine
April 15th, 2019
Australia’s largest known graphite deposit, discovered two years ago on the Siviour’s farming land near Arno Bay, could bring 100 permanent jobs to the area, says mineral resources company Renascor.
The deposit was discovered during a search for uranium, using an airborne electro-magnetic survey, and the extent of the shallow deposit was soon realised, stretching about two kilometres in length.
The company bought all rights to the Siviour Graphite Project in 2018, and look to purchase land this year after they obtain an independent appraisal.
They gained mining approval at the end of 2018, and are waiting on a mining lease approval while conducting their Definitive Feasibility Study (DFS), which they hope to complete in the next quarter.
Managing director of Renascor Resources David Christensen said construction could begin by the end of the year pending financing.
“Although Siviour is a relatively recent discovery, it’s not that far away from final investment decision, and we could be producing graphite as early as 2020,” he said.
Mr Christensen said the deposit was a “world-beater” because it was in a good capital position, being relatively low-cost compared to other mineral mines, and won’t transport as much material, estimating it at about 142,000 tonnes of graphite transported in a year once up and running.
“Advanced manufacturing on site is also a possibility,” he said.
“The idea would be to use spherical graphite for lithium ion batteries….graphite is agnostic to technological advancement in these batteries.”
Mr Christensen believes there is “real potential” to step into the industry, manufacturing onsite once a graphite mine is established.
Construction of the mine is expected to bring 100-150 local jobs from locations like Whyalla and Port Lincoln, and surrounding districts, with 100 operational jobs once the mine is established. Read more…