thanks! Their intent/use of words certainly seems strong... News...

thanks! Their intent/use of words certainly seems strong...

News published on
18 January 2019
Renascor Resources
Another important agreement was officially signed on 5 November 2018. This established a strategic partnership between IHC and Renascor Resources to undertake a DFS and thereafter secure the right to construct the Siviour Graphite project processing plant under an EPC contract.

To accelerate the development of the Siviour project, IHC has pledged A$ 1 million to undertake early project works with Adelaide-based Renascor. This will be conducted in collaboration with engineering specialist Wave International in order to complete the DFS. In addition, IHC will complete metallurgical testing, as well as detailed engineering and design work.

Upon completion of a successful DFS, IHC will assist Renascor to obtain the project finance necessary to fund the development of Siviour. The benefit to Renascor is that it will enable them to confidently accelerate the Siviour Graphite project from the DFS through to the EPC development and in to the first production phase. The graphite flake that the facility will produce is a primary component required by lithium battery manufacturers, providing IHC with a strategic position in this rapidly growing market.
“IHC is extremely proud to have secured these significant partnerships,” says Royal IHC’s Director for Mining and Tunnelling Hans Greve.

“The agreement with Dome for the Sigatoka project is testament to our expanding knowledge and expertise in the heavy mineral sector for the mining industry. Plus, our involvement in the Siviour project highlights our ongoing commitment to developing resources that can be utilised in the renewables sector. Both contracts also demonstrate that we are a trusted EPC partner.”


Rnu's explanation in the quarterly similar, slightly lighter but covering bases..