Renascor executes indigenous land agreement for Siviour

Renascor Resources (ASX:RNU) has entered into an indigenous land use agreement (ILUA) with the Barngarla Determination Aboriginal Corporation (BDAC) for its Siviour Graphite Project in South Australia. 

The ILUA — negotiated over a four-year period — provides a cooperative framework between BDAC and Renascor to support Aboriginal heritage during the construction and operation of the proposed mine, and provides the necessary native title consents. 

Renascor, which has a market capitalisation of $266.63 million, says this allows the company to proceed with its planned construction and operation of a desalination plant to support mining operations. 

“This agreement builds on the collaborative relationship we have developed during the planning stages and provides a framework for ensuring continuing respect for Aboriginal Heritage and opportunities for the Barngarla people as we advance to construction and operation,” Managing Director David Christensen says.

The ILUA also provides pathways for employment, training and contracting of members of the Barngarla people and for cultural awareness and communication. 

“BDAC looks forward to a continued respectful and productive collaboration with Renascor and working together to advance the Siviour Graphite Project for our shared benefit whilst ensuring our country and cultural heritage is protected and maintained,” BDAC Chair Sonja Dare says. 

As this news service previously reported, Renascor received approval from the Australian government-backed Export Finance Australia (EFA) for a $185 million loan facility to support accelerating the construction of Siviour. 

The funding is part of the federal government’s $4 billion Critical Minerals Facility, managed by EFA, and is designed to grow the critical minerals sector in Australia.

Renascor Resources is focused on developing a vertically integrated battery anode manufacturing operation in South Australia, via the Siviour deposit, mine, and concentrate, alongside the battery anode material production facility. 

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Images: Renascor Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.