Renascor Resources Ltd · ASX:RNU
Renascor Resources — Shareholder Meeting (November 2024)
32 slides from Renascor Resources's shareholder meeting presentation, Nov 26, 2024
Slide 1: AGM - Presentation
26 November 2024 AGM - Presentation Renascor Resources Limited (ASX: RNU) (“Renascor”) is pleased to provide a copy of the For personal use only presentation to be delivered by Renascor’s Managing Director David Christensen at today’s AGM, commencing at 10:00am Adelaide time. To access the AGM live
Slide 2: Annual General Meeting Managing Director's Presentation
Annual General Meeting Managing Director’s Presentation For personal use only Renascor AGM David Christensen, 26 November 2024 Managing Director
Slide 3: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer Renascor Resources Limited ABN 90 135 531 341 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 for
Slide 4: The Battery Anode Material Project
The 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 vertical o
Slide 5: Snapshot 2024: Advancing towards final investment decision
Snapshot 2024: Advancing towards final investment decision For personal use only Early Contractor Commenced Long-lead Upstream Native Life Cycle Assessment: Involvement procurement Title approval Low carbon footprint confirmed FID on government Conditional $185 million Board and management co-funded
Slide 6: Graphite Market
Graphite Market Short-term challenges and medium/long-term upside For personal use only Near-term: challenges • Surplus Chinese synthetic capacity • Intense competition in China driving low prices • Policy uncertainty in the USA following Trump win Medium / long-term: opportunity • Strength and sust
Slide 7: Impact of Lithium-Ion Battery Growth on the Graphite Market
Impact ofGraphite Lithium-IonMarket and Impact Battery Growth of on the Graphite Market Lithium-Ion Battery Growth For personal use only
Slide 8: EV and Lithium-ion Battery Growth Continues
EV and Lithium-ion Battery Growth Continues Year on year growth has been consistent but uneven Quarterly Battery Demand For personal use only Steady growth in EV adoption rate continues to drive annual increases Source: Rho Motion (all uses) in the size of the EV market and in capacity expansions in
Slide 9: EV / Lithium-ion Battery Demand is Driving the Graphite Market
EV / Lithium-ion Battery Demand is Driving the Graphite Market Graphite is transitioning into a battery mineral, with the market experiencing uneven growth Natural Graphite Demand (Actuals & Forecast) For personal use only Graphite is the fundamental raw material in anodes, with 96%* of graphite dem
Slide 10: Graphite and Battery Mineral Prices
Graphite and Battery Mineral Prices Battery mineral prices are down across the board, graphite included Battery Minerals Prices 2023 to Present For personal use only Battery mineral prices declined in 2023, but have been more consistent in 2024. Natural graphite prices experienced a sharp decline in
Slide 11: Natural vs Synthetic Anode Material
Natural vs Synthetic Anode Material Chinese investment in synthetic capacity has contributed to recent low natural graphite prices, but low-priced synthetic anode from China is not sustainable nor replicable outside of China For personal use only China has supported over investment in synthetic Anod
Slide 12: Government Policy Can Drive ex-China Growth
Government Policy Can Drive ex-China Growth Government policy support continues to evolve in light of Chinese market dominance. China’s market dominance No graphite from FEOC (inc. China) from 2027 For personal use only Section 301 tariff increases inc. 100% tariff on Chinese made EVs & 25% tariff o
Slide 13: The Battery Anode Material Project
The Battery Anode Material Project For personal use only
Slide 14: Secure Graphite Supply From Australia
Secure Graphite Supply From Australia Renascor’s Battery Anode Material project combines an upstream graphite mine and processing operation with a downstream manufacturing facility to produce Purified Spherical Graphite for the lithium-ion battery anode sector For personal use only Conceptual illust
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 Renascor’s upstream mining operation has amongst the lowest projected operating costs in the world For personal use only Flake Graphite Cost Curve: 2030 (sizeGraphite adjusted CostC3 cost Curve Renascor Resources Ltd | ASX: RNU Benchma
Slide 18: Production of Purified Spherical Graphite
Production of Purified Spherical Graphite Purified Spherical Graphite to be produced from Renascor’s Siviour Graphite Deposit. For personal use only Downstream facility will convert graphite into PSG using Renascor’s eco-friendly purification process, before being exported to lithium-ion battery ano
Slide 19: Competitive Early Contractor Involvement
Competitive Early Contractor Involvement Renascor is progressing early contractor involvement (ECI) to deliver an EPC The ECI process is contract for upstream mineral processing plant and non-process infrastructure designed to derisk For personal use only ECI project works are optimising and maturin
Slide 20: Electricity Grid Connection and Site Activities
Electricity Grid Connection and Site Activities Following purchase of land hosting the Siviour Graphite Deposit1, Early procurement Renascor has accelerated site-related work programs activities, including For personal use only upgrading the • Upgrade to SA Power substation and overhead power networ
Slide 21: ESG: Environment, Social and Governance
ESG: Environment, Social and Governance Work programs continue to reflect Renascor’s commitment to Renascor is committed applying sustainability principles to every aspect of our business to working with the For personal use only Primary upstream mining approvals, including Mineral South Australian
Slide 22: Financing: A$185 Million Conditional Loan Facility
Financing: A$185 Million Conditional Loan Facility The support from Strong funding position through Australian Government conditional loan facility and strong cash balance ($109 million) the Australian For personal use only Government is a The Australian Government has conditionally testament to the
Slide 23: PSG Demonstration Facility
PSG Demonstration Facility Australian critical minerals grant to co-fund Purified Spherical The demonstration Graphite demonstration facility plant in intended to For personal use only $5 million grant under the Australian further demonstrate Government’s International Partnerships in Critical Miner
Slide 24: 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 25: Renascor Resources: Multiple Near-Term Value Drivers
Renascor Resources: Multiple Near-Term Value Drivers For personal use only Complete Finalise Secure Upstream Regulatory PSG Upstream ECI Binding Financing / Final Approval for Demonstration & Finalise Offtake(s) strategic Investment PSG Site Plant EPC contract partnering Decision arrangements Renasc
Slide 26: 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 27: Appendices
For personal use only Appendices
Slide 28: Renascor Corporate Overview
Renascor Corporate Overview Share Price Chart (ASX code: RNU) For personal use only Shares on issue 2,541M Share price (25 November 2024) A$0.065/sh Market Cap (at A$0.065/sh) A$165M Cash (30 September 2024) A$109M Debt (30 September 2024) Nil Enterprise Value A$56M Shareholder Breakdown (November 2
Slide 29: 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 30: 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 31: Peer Comparison Data
Peer Comparison Data For personal use only Renascor Resources Ltd | ASX: RNU * Denotes the name of the study at the time of the release. The Molo and Lindi Jumbo projects are now in the operations phase, with all other projects being in pre-production phases. 30
Slide 32: 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: Renascor Resources Ltd | ASX: RNU 31
Renascor Resources — Shareholder Meeting (November 2024) on 6ix