Renascor Resources (RNU) Q4 2025 TU earnings summary

Executive summary

• Received provisional development authorisation for commercial-scale Battery Anode Material (BAM) facility in South Australia, enabling up to 100,000 tonnes per annum of Purified Spherical Graphite (PSG) production for lithium-ion battery anodes.

• Secured option over accommodation facility site near Siviour Graphite Deposit, finalising land tenure for BAM project and supporting both construction and operational phases.

• Completed production of graphite concentrate feedstock from Siviour, achieving 96.8% carbon grade and 96.5% recovery, exceeding DFS parameters.

• Upgraded electrical distribution network for Siviour mine and processing plant, supporting phase one production.

• Expanded Marree project with a farm-in agreement, securing up to 90% of a drill-ready uranium anomaly and advancing Bulloo Creek copper-cobalt-gold exploration.

Financial highlights

• Cash position at 30 June 2025 was approximately A$105 million.

• Development asset costs for the quarter were A$1.7 million, mainly for the BAM project.

• Payments to related parties and associates during the quarter totaled A$312k, covering salaries and consultancy fees.

• Net cash from operating activities for the quarter was A$166k; net cash used in investing activities was A$1.87 million.

• Cash and cash equivalents at quarter end were A$105.4 million.

Outlook and guidance

• Commissioning of the PSG demonstration facility’s water treatment circuit is planned for the current quarter, with full-scale commissioning expected next quarter, pending equipment delivery.

• Initial deliveries of graphite concentrate to South Australia are on schedule for planned commissioning.

• Drilling at Marree and Bulloo Creek prospects is planned, subject to regulatory and heritage clearances.

• BAM project is in advanced development, with a conditionally approved A$185 million loan facility from the Australian Government's Critical Minerals Facility.