Tag: Graphite

Comet acquires copper project GRAPHITE-focussed Australian exploration company Comet Resources plans to add a copper project in NSW to its portfolio. The Barraba copper project, named after the nearest town, is 550km north of Sydney, and its exploration licence covers 2375ha in a region known to host volcanic-style mineralisation containing copper, zinc and precious metals. Comet Resources managing director Matthew O’Kane said the Barraba project hosts several drill ready targets and is in a prospective location. “We will be working hard to be in a position to test the project’s prospectivity as soon as possible after completion,” he said. The company believes the Barraba copper project complements its existing Springdale graphite project near Hopetoun in WA, due to the minerals...

RENASCOR Resources (ASX: RNU) has completed the Definitive Feasibility Study (DFS) at its 100pc owned Siviour graphite project in South Australia. The proposed Siviour mine would be an open pit with an adjacent graphite production plant, which the company said has the potential to be a world-class, low OPEX project. The DFS, completed by Royal IHC and Wave International, has been based on staged development, aiming for an average production of 80ktpa during the first stage, before expansion in year five that would be funded through the expected cash flows, ramping up production to 144ktpa between years five to 10. The projected life of mine operating cost is expected to be about $508/t, which according to the company is amongst...