Renascor Resources Ltd · ASX:RNU
Renascor Resources — Noosa Mining Investor Conference 2024
29 slides from Renascor Resources's conference presentation, Jul 18, 2024
Slide 1: The Siviour Battery Anode Material Project: Australian Graphite for the EV Sector
The Siviour Battery Anode Material Project: Australian Graphite for the EV Sector For personal use only Noosa Mining Investor Conference 17 – 19 July 2024 David Christensen Managing Director
Slide 2: Executive Summary
For personal use only Executive Summary
Slide 3: The Siviour Battery Anode Material Project – 100% Australian Made Graphite
The Siviour Battery Anode Material Project – 100% Australian Made Graphite For personal use only Scale Tier 1 OPEX Economics Development Ready Secure & Sustainable • World’s 2nd • Favourable geology • Post-tax NPV10 • All major regulatory • Tier 1 jurisdiction with low largest Proven and in-country
Slide 4: Renascor Corporate Overview
Renascor Corporate Overview Share Price Chart (ASX code: RNU) For personal use only Shares on issue 2,541M 0.14 50 Share price (17 July 2024) A$0.094/sh Volume Adj Close 0.13 45 Market Cap (at A$0.094/sh) A$238.9M 0.12 40 Cash (31 March 2024) A$113.8M Debt (31 March 2024) Nil 0.11 35 Enterprise Valu
Slide 5: 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 PSG Operation production Mining Operation
Slide 6: Impact of Lithium-Ion Battery Growth on the Graphite Market
Impact of Lithium-Ion Battery Growth on the Graphite Market For personal use only
Slide 7: EV Sales Continue to Increase
EV Sales Continue to Increase EV sales and net zero climate policy objectives continue to drive demand for lithium-ion batteries and associated battery minerals For personal use only • EV sales rose by 27% in 2023 EV Sales and Market Penetration when compared to 2022 • Forecast sales growth remains
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 96%* of graphite demand expected to be driven by the battery sector For personal use only Flake Graphite Demand (kt)* Flake Graphite Demand by Appli
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 Flake Graphite Market Balance (kt) • EV demand is forecast to grow at a CAGR of 17.5%* from 2023 to 2033, driving demand for natu
Slide 11: 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 EV credit of up to US$7,500/vehicle: • Transitional rules in place for graphite sourcing: • No graphite from
Slide 12: Vertical Integration Drives Further Competitive Advantage
Vertical Integration Drives Further Competitive Advantage All anode producers (including manufacturers in South Korea and Japan) are currently dependent on China for Purified Spherical Graphite. For personal use only Korea Europe Japan United States PSG ~ 100% China PSG 100% Siviour PSG Renascor Res
Slide 13: The Siviour Battery Anode Material Project
The Siviour Battery Anode Material Project For personal use only
Slide 14: Secure Graphite Supply From Australia
Secure Graphite Supply From Australia Australian Location Offers Mine to Market Supply Chain Security and is fully compliant with US Inflation Reduction Act critical mineral sourcing requirements For personal use only Conceptual illustration of the planned Siviour BAM manufacturing facility at Boliv
Slide 15: 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 16: Siviour has a Unique Near-Surface, Flat-lying Orientation
Siviour has a Unique 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. For personal use only Cross-section of Siviour Deposit (shown in red) compared to other Australian graphite dep
Slide 17: Siviour is Amongst the World’s Lowest Cost of Production Sources
Siviour is Amongst the World’s Lowest Cost of Production Sources For personal use only Benchmark Minerals Intelligence C1 Costs 2030 Flake Graphite • Excludes capital repayments, royalties and sustaining capital Cost Curve: 2030 (size adjusted C3 cost • Different mines produce different flake sizes
Slide 18: Production of Purified Spherical Graphite
Production of Purified Spherical Graphite Purified Spherical Graphite to be produced from Siviour Graphite Concentrates. For personal use only Conceptual illustration of the planned Siviour BAM manufacturing facility at Bolivar, South Australia Renascor Resources Ltd | ASX: RNU renascor.com.au 18
Slide 19: 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 20: 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 has developed a purification Co2e / Tonne* (Scope 1, 2 & 3) confirms process that avoids the use of Siviour’s Hydrofluoric (
Slide 21: 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 22: 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 Concentrate Operation in South Australia.1 • This loan is approved under the
Slide 23: Siviour is Development Ready
Siviour is Development Ready All major developmental technical works are complete and regulatory approvals are in place to permit construction of our phase one graphite concentrate operation. For personal use only DFS assessment completed with Battery Anode Material Study. FEED / competitive ECI
Slide 24: Renascor Resources: Multiple Near-Term Value Drivers
Renascor Resources: Multiple Near-Term Value Drivers For personal use only Complete Complete Finalise Secure Upstream land Upstream Binding Financing / Final acquisition FEED Offtake strategic Investment (including partnering Decision EPC contract) arrangements Renascor Resources Ltd | ASX: RNU rena
Slide 25: For personal use only
Our goal is to become one of, if not the largest, For personal use only global suppliers of PSG to the lithium-ion battery sector
Slide 26: 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 27: Appendix: Peer Comparison Data
Appendix 1 Peer Comparison Data For personal use only Renascor Resources Ltd | ASX: RNU renascor.com.au 27
Slide 28: Appendix 2: Renascor’s Battery Anode Material Project in the Graphite Supply Chain
Appendix 2: 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 ch
Slide 29: Renascor Resources Limited
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: 29
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