Renascor Resources (RNU) Investor Presentation summary

Project overview and strategy

• Siviour project is the world's second largest proven graphite reserve and the largest outside Africa, aiming for 100% Australian-made battery anode material production.

• Vertically integrated operation in South Australia targets competitive OPEX and supply chain security, with all major regulatory approvals in place for phase 1.

• Strategy includes staged development: mining, graphite concentrate production, PSG demonstration, and full-scale anode material manufacturing.

• Goal is to become a leading global supplier of purified spherical graphite (PSG) for the lithium-ion battery sector.

• Project is fully compliant with US Inflation Reduction Act and benefits from low sovereign risk and strong ESG credentials.

Market dynamics and demand drivers

• EV sales rose 27% in 2023, with forecasted 24% growth in 2024; EV penetration expected to reach 55% by 2034.

• 96% of graphite demand is projected to come from the battery sector, with flake graphite demand expected to grow over 250% by 2040.

• Natural graphite anode demand is set to outpace synthetic due to lower costs and better ESG profile, especially outside China.

• Natural flake graphite supply is forecast to enter deficit from 2025, with new supply unable to keep pace with demand through 2040.

• Policy initiatives in the US and EU are driving demand for non-Chinese graphite, with tariffs and sourcing requirements favoring new suppliers.

Resource, cost, and ESG advantages

• Siviour deposit is flat, shallow, and large, enabling low-cost mining and production.

• Among the world's lowest cost producers of graphite concentrate, with projected OPEX of US$405/t for concentrate and US$1,782/t for PSG (years 1-10).

• Life of mine is 40 years, with an NPV10 of A$1.5B, IRR of 26%, and average annual EBITDA of A$363M.

• Purification process avoids hydrofluoric acid, resulting in a CO₂e footprint under one-third of Chinese sources for natural graphite.

• Facility leverages South Australia's renewable electricity, further enhancing ESG profile.