Renascor Resources has exercised its option to acquire the remaining 51% interest in Eyre Peninsula Minerals (EPM), which holds an option over the Arno Graphite Project in South Australia’s Eyre Peninsula.
Renascor, which held 49% interest in EPM prior to activating the option, said it intends to continue advancing the Arno Project, where earlier this year it defined Australia’s largest graphite Mineral Resource at the Siviour Graphite Deposit.
“Upcoming work programs are expected to include incorporating recent resource expansion drill results in a revised Mineral Resource estimate for Siviour and further metallurgical test work to assist in the preparation of a scoping study later this year,” the company said in a statement.
Renascor is an Australian-based company focused on the discovery and development of economically viable mineral deposits. The company has an extensive tenement portfolio, holding interests in projects in key mineral provinces of South Australia, the Northern Territory and West Australia, including significant graphite projects near Arno Bay, SA and Munglinup, WA.