I would expect an update on offtake agreements soon. Given the announcement was 5 months ago and the subsequent trips to China.
Can we look forward to Battery grade product quality, a Binding agreement with Chenyang and establishment of a pilot plant.
See Renascor ASX announcement dated 14 March 2018
The agreement with Chenyang provides for
- The MOU between Chenyang and Renascor is non-binding and is intended to provide a framework for further negotiations in relation to price, product quality and other offtake parameters
- The supply of graphite from Siviour in accordance with Renascor’s proposed staged development of Siviour, as contemplated by the Siviour PFS. .
- During Stage 1, in which Renascor’s estimated annual production is 22,800t per year, Renascor would supply Chenyang with up 10,000t of graphite concentrates per year. During
- Stage 2, in which Renascor’s annual production increases to 156,000t per year, the supply to Chenyang would increase to up to 30,000t per year.
The MOU contemplates cooperation between Chenyang and Renascor to establish pilot plant production at Chenyang’s facilities, as well as collaboration for the supply of advanced products from Siviour graphite..
Additional marketing efforts during the recently concluded quarter included several meetings with Chenyang and other graphite end-users active in multiple market segments, including industrial, spherical, expandable and other high value sectors.
Maybe some good news at the AGM from the million dollar man. something would be nice.
