Renascor Resources Ltd · ASX:RNU
Renascor Resources — Shareholder Meeting (November 2025)
38 slides from Renascor Resources's shareholder meeting presentation, Nov 25, 2025
Slide 1: AGM - Presentation
25 November 2025 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 | 25 November 2025 David Christensen, 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: Investment Proposition
Investment Proposition De-risked, development-ready Tier-1 asset combining Australian low sovereign risk with low- cost structure and Australian Government financing support For personal use only Li-ion driving • Continued strong, growth of Li-ion batteries for EV and stationary storage. demand for
Slide 5: Snapshot 2025: Advancing towards final investment decision
Snapshot 2025: Advancing towards final investment decision For personal use only Early Contractor Early works completed Secured new exploration International Partnership Involvement (Power connection, assets Grant ($5m) accommodation site) Water treatment Bulk sample processed PSG demonstration plan
Slide 6: Market Update
For personal use only Market Update
Slide 7: Lithium-Ion: Megatrend
Lithium-Ion: Megatrend Lithium-ion batteries are becoming more efficient, driving growth that will outlast political and commodity cycles For personal use only Global Weighted Average Cell Price Battery Demand Renascor Resources Ltd | ASX: RNU Source: Benchmark Mineral Intelligence Source: Benchmark
Slide 8: Lithium-Ion: Current Trends
Lithium-Ion: Current Trends Lithium-ion market growth continues in 2025, Stationary Storage Demand with strong EV sales and growth of stationary storage For personal use only Battery demand: +28% YTD Global EV sales: +28% YTD • EU sales up +26% driven by CO2 regulations • US sales up +6% despite los
Slide 9: China Dominates the Graphite Anode Supply Chain
China Dominates the Graphite Anode Supply Chain The Western lithium-ion battery market is becoming increasingly dependent on China for anodes and PSG, underscoring the need for new ex-China sources For personal use only Battery Demand: EU & US Supply Source is near China monopoly US EU Renascor Reso
Slide 10: China: Threats to Withhold Export of Graphite and Anode
China: Threats to Withhold Export of Graphite and Anode China’s export-control framework has tightened each year since 2023, signalling Beijing’s willingness to restrict outbound graphite supply For personal use only Date / Policy Description Impact / Scope Status / Timing China introduced licensing
Slide 11: US: Policy is Driving a Shift to Ex-China Graphite Supply
US: Policy is Driving a Shift to Ex-China Graphite Supply Multiple key measures are already in force, while the most consequential, including final AD/CVD decisions and the Section 232 investigation, are still to come For personal use only Current or Measure Purpose / Description Status / Timing Pro
Slide 12: Australia: Building Framework to Support ex-China Supply Chains
Australia: Building Framework to Support ex-China Supply Chains Australia is mobilising financing, policy and international partnerships to build ex-China supply chains for critical minerals and a clear push for downstream processing For personal use only Policy / Program Purpose / Focus Status / Ti
Slide 13: Tier One Anode Suppliers are Already Expanding ex-China
Tier One Anode Suppliers are Already Expanding ex-China Asia remains the focal point for ex-China growth, with existing qualified anode suppliers leveraging off existing Anode Capacity (tpa) production capacity to expand ex-China supply chains For personal use only Supply of anodes to ex-China marke
Slide 14: Renascor's Battery Anode Material Project
Renascor’s Battery Anode Material Project For personal use only
Slide 15: 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 For personal use only manufacturing facility to produce Purified Spherical Graphite for the lithium-ion battery anode sector Renascor Resource
Slide 16: Siviour is Amongst the World's Largest Graphite Deposits
Siviour is Amongst the World’s Largest Graphite Deposits Renascor’s Siviour Graphite Deposit 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
Slide 17: Siviour is Amongst the World's Most Competitive Graphite Projects
Siviour is Amongst the World’s Most Competitive Graphite Projects Renascor’s upstream mining operation is one of the most capital efficient and competitive ex-China graphite developments For personal use only Flake Graphite Ex China Graphite Developments Compared Cost Curve: 2030 (size (Incentive ad
Slide 18: Siviour is Development-Ready
Siviour is Development-Ready The Siviour mining project has cleared major development milestones For personal use only All major regulatory approvals in place for the mine and downstream PSG facility. Indigenous Land Use Agreement with Barngarla. Definitive Feasibility Studies completed. Acquired fr
Slide 19: Why Renascor is more than Siviour
Why Renascor is more than Siviour PSG transforms Renascor into a vertically integrated battery materials company For personal use only Market Access • Production of PSG gives Renascor direct access to anode manufacturers; a high-quality, bankable customer base. • Existing anode makers are proven, qu
Slide 20: Renascor's PSG Comparative Advantage
Renascor’s PSG Comparative Advantage Vertical integration and advanced engineering underpin Renascor’s low-cost PSG For personal use only Challenge Renascor Comparative Advantage Graphite concentrate is a significant input Renascor will leverage of its own globally cost in PSG production and subject
Slide 21: Long-Lead Procurement and Site Activities
Long-Lead Procurement and Site Activities Following completion of DFS, Renascor has accelerated development activities to de-risk and shorten the construction phase For personal use only Early Contractor Involvement has matured and improved engineering of upstream plant and confirmed capital cost es
Slide 22: Bulk Sample Production of Graphite Concentrates
Bulk Sample Production of Graphite Concentrates Successful large-scale production run from Siviour Graphite Deposit will support PSG demonstration facility For personal use only Concentrate produced from 730 tonne bulk sample of graphite ore from Renascor’s Siviour Graphite Deposit in South Australi
Slide 23: PSG Demonstration Facility
PSG Demonstration Facility Renascor is constructing a demonstration plant to validate a lower-cost, more efficient purification technology for ex-China PSG production For personal use only $5 million grant from Australian Government to construct demonstration facility in Adelaide, South Australia. G
Slide 24: PSG Demonstration Facility – Construction Underway
PSG Demonstration Facility – Construction Underway Major equipment installation underway; on-schedule for commencement of on-site commissioning this quarter For personal use only PSG demonstration facility Completion of all major steelwork and structural framing and installation of the filter presse
Slide 25: Offtake and Financing
Offtake and Financing Renascor delivers what the anode industry needs most: Secure, low-cost, Ex-China graphite For personal use only Renascor has non-binding offtake commitments with leading ex-China anode makers POSCO and Mitsubishi Chemical, and Japanese trading company Hanwa. Policy and trade me
Slide 26: Exploration Upside
For personal use only Exploration Upside
Slide 27: Exploration – Bulloo Creek
Exploration – Bulloo Creek High-upside, Drilling of near-surface copper-cobalt-gold prospects scheduled to commence this quarter pending final approvals For personal use only low-cost Multiple near-surface prospects offer copper-cobalt-gold prospects along a 4km immediate magnetic trend discovery Ma
Slide 28: Exploration – Marree
Exploration – Marree Mulgaria is a large- Expansion of Marree project area through acquisition of stand-out, drill-ready uranium anomaly For personal use only scale, 2km by 1km radiometric South Australian Government’s high-resolution Gawler Craton anomaly that Airborne Survey has provided valuable
Slide 29: Exploration – Tumby Bay
Exploration – Tumby Bay Drilling includes Elevated rare earth elements (REE) prospect, with high abundance of magnetic REE; strong follow-up potential 51.6m (from surface For personal use only to end of hole) @ The Tumby Bay REE prospect is located ~70km SW of the ~2,218ppm total Siviour graphite de
Slide 30: Multiple Near-Term Value Drivers
Multiple Near-Term Value Drivers For personal use only Exploration Commissioning Finalise Secure Final drilling of PSG Binding financing / Investment imminent Demonstration Offtake strategic Decision Facility partnering arrangements Renascor Resources Ltd | ASX: RNU > > > GRAPHITE MARKET > > > 29
Slide 31: 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 32: Appendices
For personal use only Appendices
Slide 33: Appendix - Renascor Corporate Overview
Appendix 1 - Renascor Corporate Overview Share Price Chart (ASX code: RNU) For personal use only Shares on issue 2,543M 0.12 60 Share price (21 November 2025) A$0.076/sh Volume Closing Price Market Cap (at A$0.076/sh) A$193.3M 0.10 50 Cash (30 Sept. 2025) A$102.0M Debt (30 Sept. 2025) Nil 0.08 40 Sh
Slide 34: Appendix - Battery Anode Material Study Results
Appendix 2 - 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, hig
Slide 35: Appendix - Proven Reserves Peer Comparison Data
Appendix 3 - Proven Reserves 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. 34
Slide 36: Appendix - Government Policy Footnotes
Appendix 4 - Government Policy Footnotes China: Threats to Withhold Export of Graphite and Anode • Dec 2023 – First graphite export restrictions source: Ministry of Commerce (MOFCOM) & General Administration of Customs (GACC) Announcements No. 68 (2023). For personal use only • Aug 2024 – Expanded e
Slide 37: Appendix - Renascor's Strategy
Appendix 5 - 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 Min
Slide 38: 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 37
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