Renascor Resources (RNU) Investor Update summary

Market trends, policy environment, and strategic positioning

• Global graphite demand is rising due to lithium-ion battery and EV growth, with stationary storage and AI/data center needs emerging as key drivers.

• China controls 80% of graphite concentrates and 99% of PSG supply, prompting Western markets to seek secure, non-Chinese supply chains as China expands export controls, with the latest restrictions suspended for one year from November 2025.

• U.S. and Australian governments are implementing tariffs, trade measures, and funding to support critical minerals projects and reduce reliance on China, including a $4 billion Critical Minerals Facility and bilateral agreements.

Project status, development milestones, and competitive advantages

• The Siviour project is development-ready, with all major regulatory approvals, a completed definitive feasibility study, and freehold land secured.

• Siviour is the second largest proven graphite reserve globally and the largest outside Africa, with a total mineral resource of 123.6 Mt at 6.9% TGC, and is among the most capital-efficient ex-China graphite developments.

• Construction of the PSG demonstration facility is underway, with major structural works complete, key equipment installed or in transit, and environmentally friendly, HF-free purification technology.

• Vertical integration enables production of purified spherical graphite targeting high-growth battery sectors, offering cost and logistical advantages.

• Bulk sample production from Siviour has yielded high-grade graphite concentrates for the PSG demonstration facility.

Offtake, financing, and market opportunities

• Non-binding offtake agreements are in place with major anode makers like POSCO and Mitsubishi Chemical, supporting project financing and market access.

• The Australian Government has provided a $185 million conditional loan and a $5 million grant to support project financing and demonstration facility construction.

• U.S. trade actions, including tariffs and national security investigations, could double anode prices and open the market for ex-China producers.

• Early site works, long-lead procurement, and power infrastructure upgrades have been completed to de-risk and accelerate construction.