Renascor Resources Ltd has been granted Major Project Status for its $209 million Siviour Graphite Project, which includes a graphite mine and concentrator located in South Australia’s Eyre Peninsula and a downstream purified spherical graphite (PSG) manufacturing facility in Port Adelaide.
The project is now on track to become the first in-country integrated graphite mine and battery anode material operation outside of China, positioning Australia as an important participant in the global battery industry and electric vehicle markets.
Minister for Resources and Water, the Hon. Keith Pitt MP, said the Siviour project is expected to support over 100 new jobs during the construction phase and an additional 190 full-time roles over the 40-year life of the project.
“The Australian Government is pleased to support the Siviour project, which will bring new jobs and other economic benefits to South Australian communities while also boosting Australia’s position as a leading global critical minerals industry,” Minister Pitt said.
“The project has the potential to generate around $260 million a year in export revenue, and will also help increase Australia’s international competitiveness and help position us a future leader in this sector.”
“The project is another step on the path to gaining a slice of the $400 billion world critical minerals market.”
Minister Pitt added that the project directly contributes to Australia’s Critical Mineral Strategy by increasing the supply of graphite and expanding Australia’s capability to refine and process rare earth minerals.
Major Project Status helps companies access additional support, coordination, and information services from the Major Projects Facilitation Agency which acts as a single entry point into the Australian Government regulatory approvals pathway.