Renascor Resources (RNU) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed shareholders, introduced the board and executive team, and outlined meeting procedures and agenda.

• Managing Director David Christensen presented at the AGM on 25 November 2025, outlining the company's progress and strategic direction.

• Confirmed quorum, proper constitution of the meeting, and tabled minutes of the previous AGM.

• Notice of meeting and agenda items were confirmed, with no additional items received.

Financial performance review

• Financial report, directors' report, and auditor's report for the year ending June 30, 2025, were presented and made available to shareholders.

• Strong cash position of A$102 million as of 30 September 2025, with no debt reported.

• Market capitalization at A$193.3 million with a share price of A$0.076 as of 21 November 2025.

• Siviour BAM Project shows robust financials: A$1.5B NPV (10% after tax), 26% IRR, and A$363 million average annual EBITDA.

• Auditor was present for questions, but no discussion or questions were raised.

Strategic initiatives and plans

• Company focused on developing a vertically integrated graphite and battery anode materials project, including upstream mining and downstream purification.

• Siviour graphite project is development-ready, with all major regulatory approvals and a completed Definitive Feasibility Study.

• Construction of a PSG demonstration facility is underway, supported by a AUD 5 million/A$5 million government grant and a AUD 185 million/A$185 million conditional loan from the Australian government.

• Early contractor involvement process completed to de-risk engineering and accelerate construction.

• Expansion into new exploration assets, including copper, cobalt, gold, uranium, rare earth elements, and new opportunities at Blue Creek and R&RE projects.

• Non-binding offtake agreements in place with major international partners, with efforts to finalize binding agreements.

• Focus on vertical integration to produce Purified Spherical Graphite (PSG) for the lithium-ion battery sector.