Hey Mate,
I will taper my expectations on advancement of Stage 3, the age old saying is 1 must learn to walk before you run.
Lets get the Largest Integrated Mine + PSG Processing Facility outside of China constructed, commissioned and creases ironed out in Stage 1 and 2 before we proceed with Stage 3.
I posted a rough timeline of when this could potentially and realistically be achieved. Best case scenario for RNU is to have the Mine Constructed with 1st flake in Q4 2023, Downstream Processing plant commissioned and operational in H1 2024 producing Spherical Graphite.
I outlined in detail last night the Drilling Program that will commence over the coming months will lead to a significant resource upgrade and form the basis of our future expansion. Our Exploration Target should be in the vacinity of:
Total Resources to Increase to 150-200Mt at ~7.5% TGC (Of which we should be aiming for +100Mt within the higher confidence Measured + Indicated categories). If the drilling program can reach this exploration target over the coming 12 months, this will set RNU up to be a Tier 1 Supplier for many decades.
The other point you touched on regarding the current election campaign and either party committing to advanced manufacturing in Australia. My comments on this directly:
- Renascor has locked in Federal and State Government support that will enable us to develop Stage 1 and Stage 2 through Export Finance Australia and The Clean Energy Finance Corporation;
- Stage 1 and Stage 2 will see out the next term of Government we are voting on this coming Saturday (Might be 1 to keep an eye on in 2025 IMO as the Downstream Anode Plant is likely 3-5 years away)
- Pilbara Minerals for example announced their downstream JV with POSCO in 2019 I believe, Yes Covid happened, but they are just getting around to the formalities now
- RNU + POSCO will announce a Strategic Partnership in the near future that will cover Offtake, Equity Placement and likely a Future Downstream JV that will be a win-win for both companies (You have to give a little to get a little in return)
The Focus for RNU over the coming 18-24 months is simple.
- Commence construction in Q4 This Year
- Commence drilling and resource upgrade over the coming 12 months
- 1st flake concentrate in Q4 2023
- 1st PSG in H1 2024
- Iron out the creases and then Expand Expand Expand Expand
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