Renascor Resources Ltd · ASX:RNU
Renascor Resources — Shareholder Meeting (November 2023)
30 slides from Renascor Resources's shareholder meeting presentation, Nov 21, 2023
Slide 1: Annual General Meeting – Managing Director's Presentation
Annual General Meeting Managing Director’s Presentation For personal use only Adelaide, South Australia 21 November 2023 David Christensen Managing Director
Slide 2: Section 1: Executive Summary
Section 1: Executive Summary For personal use only
Slide 3: Project Highlights
Project Highlights EV demand is • Vertically integrated operation to produce uncoated Purified Spherical Graphite (PSG) located wholly within South Australia. For personal use only forecast to grow at • World’s 2nd largest Proven Graphite Reserve and largest Graphite Reserve outside of Africa1. a CA
Slide 4: BAM Project Value Drivers
BAM Project Value Drivers For personal use only Scale Cost position Economics Financing Secure & Sustainable • World’s 2nd • Favourable geology • Post-tax NPV10 • A$185m conditional • 100% Australian made PSG largest Proven and in-country vertical of A$1.5b loan from Australian • Tier 1 jurisdiction
Slide 5: Corporate overview
Corporate overview Capital structure Share Chart – ASX code: RNU For personal use only 0.400 90 Shares on issue 2,539M 80 Volume (Million Shares) 0.350 Share Price (A$/share) (16 November 2023) 0.300 70 0.250 60 Share price A$0.16/sh 50 0.200 (16 November 2023) 40 0.150 30 Market Cap (at A$0.16/sh)
Slide 6: Renascor's Battery Anode Material Project in the Graphite Supply Chain
Renascor’s Battery Anode Material Project in the Graphite Supply Chain Renascor is developing a vertically integrated operation within South Australia consisting of a mine, concentrator and downstream manufacturing facility to produce Purified Spherical Graphite (PSG) via eco-friendly chemical purif
Slide 7: Section 2: Impact of Lithium-Ion Battery Growth on the Graphite Market
Section 2: Impact of Lithium-Ion Battery Growth on the Graphite Market For personal use only
Slide 8: Anode and Graphite Demand are Directly Linked to Battery Production Growth
Anode and Graphite Demand are Directly Linked to Battery Production Growth Graphite is the fundamental raw material in lithium-ion battery anodes, with strong growth projected in all major anode chemistries For personal use only LiB anode demand Source: Benchmark Mineral Intelligence Renascor Resour
Slide 9: Natural Anode Market Will Continue to Grow
Natural Anode Market Will Continue to Grow The growth of the natural anode market will require significant new production of flake graphite concentrates and purified spherical graphite For personal use only Natural and synthetic graphite are both currently used as precursor materials to produce anod
Slide 10: Graphite Flake Market Balance Moving to Undersupply
Graphite Flake Market Balance Moving to Undersupply Significant new production is required to meet projected demand for graphite flake concentrates. For personal use only New ex-China sources are needed to fill the growing supply gap Source: Benchmark Mineral Intelligence renascor.com.au 10
Slide 11: China Currently Controls ~100% of the Market for Purified Spherical Graphite
China Currently Controls ~ 100% of the Market for Purified Spherical Graphite All anode producers (including manufacturers in South Korea and Japan) are currently dependent on China for Purified Spherical Graphite. For personal use only Renascor will provide a reliable source of PSG Europe Korea Jap
Slide 12: Policy Initiatives Favour New, Non-Chinese Graphite Supply
Policy Initiatives Favour New, Non-Chinese Graphite Supply Public policy is driving cell manufacturers and OEMs to procure graphite supply outside of China For personal use only United States Inflation Reduction Act EV credit of up to US$7,500/vehicle: • Phased threshold sourcing requirements from t
Slide 13: Graphite Prices
Graphite Prices Supply-demand dynamics and public policy favour increased graphite pricing in the near-term Graphite prices increased through calendar year 2022, as China For personal use only -195 Graphite Concentrate Prices imported material amounts in large part to support greater demand for grap
Slide 14: Section 3: The Siviour Battery Anode Material Project
Section 3: The Siviour Battery Anode Material Project For personal use only
Slide 15: Prime Australian Location Offers Mine to Market Supply Chain Security
Prime Australian Location Offers Mine to Market Supply Chain Security The Siviour Graphite Deposit is located in coastal South Australia, with nearby access to major highway for delivery to state-of-the-art Battery Anode Material Plant located with 20km of Port Adelaide. For personal use only Concep
Slide 16: The Siviour Graphite Deposit is Amongst the World's Largest
The Siviour Graphite Deposit is Amongst the World’s Largest Siviour is the second largest Proven Reserve of graphite globally and the world’s largest reported graphite Reserve outside of Africa. For personal use only Global Graphite Proven Reserves1 Mineral Resource Estimate (September 2023)2 Catego
Slide 17: Siviour Graphite is Unique in Near-surface, Flat-lying Orientation
The Siviour Graphite is Unique in Both its Near-surface, Flat-lying Orientation The deposit is flat, shallow and large, resulting in low-cost mining and consequently low-cost production of Graphite Concentrate world’s largest reported graphite Reserve outside of Africa. For personal use only Cross-s
Slide 18: Approval of Program for Environmental Protection and Rehabilitation (PEPR)
Approval of Program for Environmental Protection and Rehabilitation (PEPR) Approval of PEPR PEPR approval from South Australian Department of Energy and Mining announced1 positions Renascor to • For personal use only Second stage (following previous grant of Mineral Lease2) in South Australia’s two-
Slide 19: Production of Purified Spherical Graphite
Production of Purified Spherical Graphite Purified Spherical Graphite to be produced from Siviour Graphite Concentrates. For personal use only Renascor Resources Ltd | ASX: RNU renascor.com.au 19
Slide 20: Strong Comparative Advantage in PSG Production
Strong Comparative Advantage in PSG Production Vertical integration underpins low-cost PSG production. • Graphite Concentrate feedstock is a significant cost input in For personal use only the PSG manufacturing process. • Renascor’s PSG operation benefits from obtaining Siviour Graphite Concentrate
Slide 21: Battery Anode Material Study Results
Battery Anode Material Study Results Low graphite concentrate feedstock costs drives Renascor’s low The study results PSG production costs, high margins and strong cash generation. confirm Renascor’s For personal use only BAM Project as a Snapshot of the Siviour BAM Project low-cost, high value supp
Slide 22: Strong Environment, Social and Governance (ESG) credentials
Strong Environment, Social and Governance (ESG) credentials Independent life Renascor’s purification process is cycle assessment eco-friendly. For personal use only • Renascor had developed a purification Co2e / Tonne* (Scope 1, 2 & 3) confirms process that avoids the use of Siviour’s Hydrofluoric (
Slide 23: Offtake Strategy: Aligned with Global Leading Battery Anode Manufacturers
Offtake Strategy: Aligned with Global Leading Battery Anode Manufacturers Total non-binding commitments for up to full Stage 1 PSG capacity of 50ktpa For personal use only POSCO (South Korea): largest ex-China anode producer. Non-binding offtake MOU for up to 30ktpa for 10 years with scope for strat
Slide 24: A$185 Million Conditional Loan Approval from Australian Government
A$185 Million Conditional Loan Approval from Australian Government The Australian Government has conditionally approved a A$185 million loan facility to support the development of For personal use only the Siviour Graphite Project in South Australia.1 • This loan is approved under the Australian Gov
Slide 25: Renascor's Strategy
Renascor’s Strategy We aim to become a global leader in the supply of sustainable, 100% Australian-made battery anode material Stage 3 For personal use only Stage 2 Stage 1 Full Renascor Potential • Expand Graphite Concentrate and Purified Spherical Graphite Commence PSG Operation production Commenc
Slide 26: Multiple Near-Term Value Drivers
Renascor Resources: Multiple Near-Term Value Drivers Our goal is to For personal use only become one of, if not the largest, global suppliers Complete Finalise Secure Make of PSG to the Upstream Binding Financing / Upstream lithium ion FEED Offtake strategic Final partnering Investment battery secto
Slide 27: Forward Looking Statements
Forward Looking Statements This Presentation may include statements that could be deemed "forward-looking" statements. Although Renascor Resources Limited (the "Company") believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are n
Slide 28: Key Financial Parameters from BAM Study
Appendix 1 Key Financial Parameters from BAM Study1 Parameter Stage-one Stage-two For personal use only Life of mine (LOM) 40 years Annual ore mining rate capacity (tpa) 825,000 1,650,000 Annual Graphite Concentrate production capacity (tpa) 75,000 150,000 Annual PSG production capacity (tpa) 50,000
Slide 29: Appendix: Peer Comparison Data
Appendix 2 Peer Comparison Data For personal use only Renascor Resources Ltd | ASX: RNU renascor.com.au 29
Slide 30: Renascor Resources Limited contact details
Renascor Resources Limited Level 5, 149 Flinders Street Adelaide, South Australia 5000 Phone: + 61 8 8363 6989 For personal use only Email: info@renascor.com.au Website: www.renascor.com.au ASX Code: RNU Proud members of: 30
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