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A world-class Battery Anode Material project in South Australia Investor Webinar | 7 November 2025 David Christensen, Managing Director For personal use only
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Renascor Resources Ltd | ASX: RNU 2 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 forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or may not take place at all. Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, the Company. In particular, they speak only as of the date of this document, they assume the success of the Company’s strategies and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements are based. Recipients of this document (“Recipients”) are cautioned not to place undue reliance on such forward-looking statements. No Offer to Sell or Invitation to Buy This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction. Disclaimer Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from this Presentation. Whilst care has been exercised in preparing and presenting this Presentation, to the extent permitted by law, the Company and its officers, employees, related bodies corporate and agents (“Agents”) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of the Company and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. All amounts are in Australian dollars (AUD) unless stated otherwise. Competent Persons Statement The results reported herein, insofar as they relate to exploration activities and exploration results, are based on information provided to and reviewed by Mr G.W. McConachy (Fellow of the Australasian Institute of Mining and Metallurgy) who is a director of the Company. Mr McConachy has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012 Edition). Mr McConachy consents to the inclusion in the report of the matters based on the reviewed information in the form and context in which it appears. Bibliography Renascor confirms that it is not aware of any new information or data that materially affects the information included in previous market announcements (as may be cross referenced in this announcement) and that all material assumptions and technical parameters underpinning the Mineral Resource estimates, Ore Reserve estimates, production targets and forecast financial information continue to apply and have not materially changed. Renascor confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Cautionary Statement and Disclaimer Renascor Resources Limited ABN 90 135 531 341 For personal use only
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3 Renascor Resources Ltd | ASX: RNU De-risked, development-ready Tier-1 asset combining Australian low sovereign risk with low- cost structure and Australian Government financing support Tier 1 Asset • Renascor aims to become the lowest-cost ex-China Spherical Graphite producer. • Demonstration facility under construction. • By combining low-cost Siviour graphite with technological and engineering expertise in downstream processing, Renascor becomes more globally competitive. Value-add • All major regulatory approvals in place for mine and downstream facility. • DFS (see Appendix 2) and early site works (including electrical grid) completed. • Strong cash position of A$102m as of 30 September 25. Development Ready • Second largest proven reserve globally & largest reported reserve outside of Africa. • One of lowest cost and most capital efficient ex-China graphite developments. • Australian location offers supply security and low sovereign risk. Australian Government Support • A$185m conditional loan from Australian Government’s Critical Minerals Facility. • A$5m co-funded grant for demonstration facility. • United States-Australia Framework for Securing Supply in the Mining and Processing of Critical Minerals and Rare Earths. Investment Proposition Li-ion driving demand for ex-China graphite • Continued strong, growth of Li-ion batteries for EV and stationary storage. • Chinese historic denomination of graphite-anode sectors is driving demand for secure ex-China graphite supply. For personal use only
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Market Update For personal use only
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5 Renascor Resources Ltd | ASX: RNU Lithium-Ion: Megatrend Lithium-ion batteries are becoming more efficient, driving growth that will outlast political and commodity cycles Global Weighted Average Cell Price Battery Demand Source: Benchmark Mineral Intelligence Source: Benchmark Mineral Intelligence For personal use only
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6 Renascor Resources Ltd | ASX: RNU Lithium-Ion: Current Trends Diagram Source: Benchmark Mineral Intelligence Lithium-ion market growth continues in 2025, with strong EV sales and growth of stationary storage Battery demand: +28% YTD Global EV sales: +28% YTD • EU sales up +26% driven by CO2 regulations • US sales up +6% despite loss of consumer vehicle credits Stationary Storage: The fastest growing battery demand market, +51% YTD driven, driven by: • AI / data center demand • Grid-service stability and decentralisation • Integration of variable renewables • Strong government policy support Stationary Storage Demand Source: Benchmark Mineral Intelligence For personal use only
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7 Renascor Resources Ltd | ASX: RNU Source: Benchmark Mineral Intelligence The Western lithium-ion battery market is becoming increasingly dependent on China for anodes and PSG, underscoring the need for new ex-China sources China Dominates the Graphite Anode Supply Chain Source: IEA (2024), Fastmarkets Supply Source is near China monopoly Battery Demand: EU & US US EU For personal use only
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8 Renascor Resources Ltd | ASX: RNU 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 Date / Policy Description Impact / Scope Status / Timing Dec 2023 – First graphite export restrictions* China introduced licensing requirements for high- purity, high-hardness, and high- intensity synthetic and natural graphite products. Includes coated spherical graphite and precursor materials; widely viewed as a warning shot to downstream markets. Implemented Jan 2024; licensing regime for selected graphite grades now in force. Aug 2024 – Expanded export- control catalogue* Broadened the range of restricted graphite and battery materials, adding new “dual-use” categories and stricter export procedures. Extended controls to anode-manufacturing technologies and intermediate materials. Active; exporters require additional end-use declarations and approvals. Oct 2025 – Latest controls covering graphite anode materials* Announced export restrictions on lithium-ion batteries, cathode materials, graphite anodes, and related production technologies. Would have been the most comprehensive to date, directly targeting global anode supply chains. Suspended for one year (from Nov 2025) pending further review and potential revision. * Refer Appendix 4 “Government Policy Footnotes” for sources For personal use only
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9 Renascor Resources Ltd | ASX: RNU 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 Measure Purpose / Description Current or Proposed Level Status / Timing Anti-Dumping & Countervailing Duties (AD / CVD)* Preliminary US Department of Commerce findings to counter unfair pricing and subsidies on Chinese active anode material. ~105% combined Final determinations due December 2025. Section 301 Tariff (Trade Act 1974)* Tariff on Chinese imports to address unfair trade practices; currently applies to anode materials and extends to natural graphite from 1 Jan 2026. 25% Active for anode material; extension to natural graphite effective 1 Jan 2026. “Fentanyl” Tariff* Blanket tariff on all Chinese imports under emergency powers; nominally aimed at curbing China’s role in synthetic opioid supply chains. 20% Currently in effect, though under judicial review by the US Court of International Trade. Section 232 Investigation (Trade Expansion Act 1962)* National-security review of critical- mineral imports, including natural and synthetic graphite and derivative products (including anode material). TBD Investigation due Q4 2025; potential for new tariffs depending on findings. Section 301 Tariff Adjustment (Executive Order 14266)* Baseline and country-specific tariffs on most Chinese imports (“tariff equalisation” measure). 10% base + 24% surcharge 10 % base tariff remains active; 24 % surcharge suspended pending US-China negotiations (mid-Nov 2025). * Refer Appendix 4 “Government Policy Footnotes” for sources For personal use only
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10 Renascor Resources Ltd | ASX: RNU 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 Policy / Program Purpose / Focus Status / Timing U.S.–Australia Critical Minerals Supply Framework (Oct 2025)* New bilateral agreement committing each government to invest ≥ US$1 billion and coordinate financing, permitting and offtake for critical-mineral projects. Active; signed Oct 2025. Critical Minerals Facility (A$4b)* Government-backed loans and guarantees via EFA / NAIF to accelerate strategic mineral projects such as graphite, rare earths and vanadium. Active; multiple projects funded (e.g. Renascor A$185 m). Critical Minerals Strategy 2023–2030* National roadmap promoting downstream processing and diversification away from China. Active; guiding current EFA / NAIF funding priorities. National Battery Strategy (2024)* Expands Australia’s role in anode and cathode manufacturing and energy-storage supply chains. Active; early industry programs and consultations in progress. Australia–Japan / Korea Partnerships* Bilateral agreements to strengthen offtake and technology collaboration with major Asian battery and materials companies. Active. Proposed Critical Minerals Reserve Fund* Would underwrite offtake and establish strategic reserves to stabilise supply and pricing. Under consideration; design under government review (2025 Budget). * Refer Appendix 4 “Government Policy Footnotes” for sources For personal use only
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11 Renascor Resources Ltd | ASX: RNU Source: Benchmark Mineral Intelligence Asia remains the focal point for ex-China growth, with existing qualified anode suppliers leveraging off existing production capacity to expand ex-China supply chains Tier One Anode Suppliers are Already Expanding ex-China Supply of anodes to ex-China market is dominated by existing, Asian-based anode suppliers, with six anode makers accounting for 97% of sales in 20241. Despite current weak anode prices, these suppliers are expanding. • Legacy South Korean and Japanese anode manufacturers are expanding existing operations, and • Tier 1 Chinese anode companies are developing new, ex-China supply chains. Significant driver of growth is the creation of alternative, ex-China supply chains requiring ex-China graphite. Anode Capacity (tpa) 1 In 2024, BTR, Putailai and Shanshan (China), POSCO (South Korea) and Mitsubishi Chemical and Resonac (Japan) accounted for 97% of sales of anodes to ex-China purchasers. Source: Fastmarkets Renascor is situated within the growing ex-China market For personal use only
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Renascor’s Battery Anode Material Project For personal use only
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Renascor Resources Ltd | ASX: RNU 13 Secure Graphite Supply From Australia Renascor’s Battery Anode Material project combines an upstream graphite mine and processing operation with a downstream manufacturing facility to produce Purified Spherical Graphite for the lithium-ion battery anode sector For personal use only
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Renascor Resources Ltd | ASX: RNU 14 Renascor Resources Ltd | ASX: RNU 14 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 Siviour is Amongst the World’s Largest Graphite Deposits Global Graphite Proven Reserves1 Mineral Resource Estimate (September 2023)2 Ore Reserve Estimate (August 2023)3 Category Tonnes (Mt) Grade (% TGC) Graphite (Mt) Measured 16.9 8.6% 1.4 Indicated 56.2 6.7% 3.8 Inferred 50.5 6.5% 3.3 Total 123.6 6.9% 8.5 Category Tonnes (Mt) Grade (% TGC) Graphite (Mt) Proven 16.8 8.2% 1.4 Probable 45.0 6.6% 3.0 Total 61.8 7.0% 4.3 3. ASX release 24 August 2023 “Updated Mineral Ore Reserve Estimate for Siviour” 2. ASX release 14 September 2023 “Siviour Mineral Resource Increases by 25%" 1. Source: public company reports. Does not include graphite deposits that do not publicly report data on main stock exchanges in Australia, Canada, the United Kingdom and the United States. See Appendix 3 for further details on sourcing. For personal use only
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Siviour is Amongst the World’s Most Competitive Graphite Projects Renascor Resources Ltd | ASX: RNU 15 Flake Graphite Cost Curve: 2030 (size adjusted C3 cost Renascor’s upstream mining operation is one of the most capital efficient and competitive ex-China graphite developments Ex China Graphite Developments Compared (Incentive Price, Capex Intensity & C1 OPEX) Source: Benchmark Mineral Intelligence Natural Graphite Forecast Report Q4 2024 For personal use only
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Renascor Resources Ltd | ASX: RNU 16 The Siviour mining project has cleared major development milestones Siviour is Development-Ready All major regulatory approvals in place for the mine and downstream PSG facility. Indigenous Land Use Agreement with Barngarla. Definitive Feasibility Studies completed. Acquired freehold land for mine; long-term lease option for PSG facility. Construction of PSG demonstration plant now underway. Strong cash position of A$102m as of 30 Sep 25. A$185 million conditional loan from the Australian Government under the Critical Minerals Facility. Early site works and long lead procurement underway. For personal use only
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Renascor Resources Ltd | ASX: RNU 17 PSG transforms Renascor into a vertically integrated battery materials company • Leverages off high quality Australian refining and engineering sectors. • Technically advanced HF-free purification technology. Know How & Competitiveness Value of Vertical Integration Market Access Why Renascor is more than Siviour • Higher value-add product creating more value for Renascor. • Processing Siviour graphite concentrates into PSG makes Renascor more globally competitive. • Production of PSG gives Renascor direct access to anode manufacturers; a high-quality, bankable customer base. • Existing anode makers are proven, qualified and expanding ex-China, with need for ex-China PSG. For personal use only
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Renascor’s PSG Comparative Advantage Renascor Resources Ltd | ASX: RNU 18 Challenge Renascor Comparative Advantage Feedstock Graphite concentrate is a significant input cost in PSG production and subjects PSG suppliers to higher costs and volatility in graphite price. Renascor will leverage of its own globally competitive Siviour graphite operation to obtain graphite concentrates at low-cost. Logistics Current supply chain relies on stand- alone PSG production facilities located apart from graphite mining operations, adding to logistics costs. By co-locating PSG production in South Australia on established transport routes, Renascor reduces material movements and double-handing. Sovereign risk Other emerging low-cost sources of graphite are located in high sovereign risk jurisdictions, risking security of supply and limiting viability of in-country processing. Australia is favourable for mining and industrial development, supporting in- country integration of mining with downstream PSG production. Technology & Engineering Chinese PSG production has historically used HF purification, risking higher environmental handling costs. Renascor has invested to develop, test and engineer a lower-cost, HF-free alternative. Vertical integration and advanced engineering underpin Renascor’s low-cost PSG For personal use only
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Renascor Resources Ltd | ASX: RNU 19 Following completion of DFS, Renascor has accelerated development activities to de-risk and shorten the construction phase Early Contractor Involvement has matured and improved engineering of upstream plant and confirmed capital cost estimates are reasonable and achievable. Upgrades to completed to SA Power substation and overhead power network to permit electricity grid connection for upstream mineral processing plant. Purchase of freehold land containing ML 6495 (Siviour Graphite Deposit). Engineering geotechnical drilling program to finalise geotechnical parameters for the mineral processing plant and non process infrastructure. Accommodation site secured for upstream construction and operation phases. Long-Lead Procurement and Site Activities Top: Upgraded Cleve Substation. Above: Rendering of the mine and concentrator plant at Arno Bay. For personal use only
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Renascor Resources Ltd | ASX: RNU 20 Successful large-scale production run from Siviour Graphite Deposit will support PSG demonstration facility Bulk Sample Production of Graphite Concentrates Concentrate produced from 730 tonne bulk sample of graphite ore from Renascor’s Siviour Graphite Deposit in South Australia. Processing completed at commercial graphite facility using Renascor’s optimised flowsheet developed after completion of DFS. Graphite concentrates produced at average grade of 96.8% Carbon and graphite recovery of 96.5%.* Graphite currently in transit to Adelaide for use in PSG demonstration facility. Siviour graphite concentrate feedstock from bulk sample production * See Renascor ASX announcements dated 25 July 2025 and 31 July 2025 For personal use only
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Renascor Resources Ltd | ASX: RNU 21 Renascor is constructing a demonstration plant to validate a lower-cost, more efficient purification technology for ex-China PSG production PSG Demonstration Facility $5 million grant from Australian Government to construct demonstration facility in Adelaide, South Australia. Grant application supported by South Korean conglomerate POSCO International and Japanese trading company Hanwa Co. Ltd. Facility adopts Renascor’s HF-free process to purify Siviour graphite to battery-grade for use in lithium-ion battery anodes. For personal use only
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Renascor Resources Ltd | ASX: RNU 22 Major structural works are now complete, and key processing equipment is either installed or in transit PSG Demonstration Facility – Construction Underway Completion of all major steelwork and structural framing and installation of the filter presses and scrubber. All major mechanical and electrical equipment for the demonstration facility, excluding the kiln, has now arrived in Adelaide. The kiln has successfully completed off- site commissioning and is now in transit to Adelaide for integration into the plant circuit. Health, safety and environmental systems are fully established on site, with construction progressing under a zero lost-time injury record. PSG demonstration facility Installation of scrubber Installation of filter presses View looking out to the warehouse from the control centre For personal use only
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Renascor Resources Ltd | ASX: RNU 23 Renascor delivers what the anode industry needs most: Secure, low-cost, Ex-China graphite Offtake and Financing Renascor has non-binding offtake commitments with leading ex-China anode makers POSCO and Mitsubishi Chemical, and Japanese trading company Hanwa. Policy and trade measures are accelerating the shift toward diversified ex-China graphite-anode supply. Focus of offtake discussions is on pricing structures that support BAM project development as OEM- driven demand gives anode makers clearer visibility on sustainable, ex-China pricing. Renascor’s integrated, low-cost and secure Australian supply model offers the most competitive platform for anode makers and underpins project financing, including access to the conditional A$185 million Critical Minerals Facility loan. Recent media articles show that policy and trade measures are accelerating the shift toward diversified ex-China graphite-anode supply. For personal use only
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Exploration Upside For personal use only
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Renascor Resources Ltd | ASX: RNU 25 Exploration – Bulloo Creek Multiple near-surface copper-cobalt-gold prospects along a 4km magnetic trend Magnetic bodies closely correlated with anomalous cobalt surface soil geochemistry Site clearances now successfully completed, with drilling to commence upon final regulatory approvals High-upside, low-cost prospects offer immediate discovery opportunities through near term drilling Drilling of near-surface copper-cobalt-gold prospects scheduled to commence this quarter pending final approvals Bulloo Creek prospect total magnetic intensity (TMI), overlain with cobalt soil geochemistry contours in parts per million (ppm) * * See Renascor ASX announcement dated 24 May 2018 For personal use only
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Renascor Resources Ltd | ASX: RNU 26 Exploration – Marree South Australian Government’s high-resolution Gawler Craton Airborne Survey has provided valuable new data, helping identify previously unrecognised exploration opportunities. The Mulgaria prospect presents as a stand-out uranium radiometric anomaly, returning values approximately five times the regional response. Land-access and community engagement underway to permit the commencement of on-ground exploration activities. Expansion of Marree project area through acquisition of stand-out, drill-ready uranium anomaly Comparison of the Mulgaria anomalous radiometric response to nearby Seaham uranium prospect (image approximately 1,600km2).* Mulgaria is a large- scale, 2km by 1km radiometric anomaly that Renascor considers to present stand- out, drill-ready targets for uranium and copper * See Renascor ASX announcement dated 8 July 2025 For personal use only
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Renascor Resources Ltd | ASX: RNU 27 Multiple Near-Term Value Drivers Exploration drilling imminent Final Investment Decision Finalise Binding Offtake Secure financing / strategic partnering arrangements Commissioning of PSG Demonstration Facility > > > G R A P H I T E M A R K E T > > > For personal use only
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Our goal is to become one of, if not the largest, global suppliers of PSG to the lithium-ion battery sector For personal use only
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Appendices For personal use only
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Renascor Resources Ltd | ASX: RNU 30 Appendix 1 - Renascor Corporate Overview Share Price Chart (ASX code: RNU) Shares on issue 2,543M Share price (5 November 2025) A$0.074/sh Market Cap (at A$0.074/sh) A$188.2M Cash (30 Sept. 2025) A$102.0M Debt (30 Sept. 2025) Nil Shareholder Breakdown (Sept. 2025) 5.6% 15.5% 78.9% Directors Top 20 (exc. Directors) Other 0 10 20 30 40 50 60 70 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 Volume (mm) Share Price (A$/share) Volume Closing Price For personal use only
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Renascor Resources Ltd | ASX: RNU 31 The study results confirm Renascor’s BAM Project as a low-cost, high value supplier of 100% Australian- made graphite for the growing lithium-ion battery anode sector Low graphite concentrate feedstock costs drives Renascor’s low PSG production costs, high margins and strong cash generation 1. BAM Study results were released to the ASX on 8 August 2023 Appendix 2 - Battery Anode Material Study Results Snapshot of the Siviour BAM Project For personal use only
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Renascor Resources Ltd | ASX: RNU 32 Appendix 3 - Proven Reserves Peer Comparison Data * 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. For personal use only
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Renascor Resources Ltd | ASX: RNU 33 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) A nnouncements No. 68 (2023). • Aug 2024 – Expanded export-control catalogue source: Revised Export Catalogue (2024). • Oct 2025 – Latest controls covering graphite anode materials source: Announcement No. 58 (2025); SMM Analysis (30 Oct 2025), “Ch ina Suspends Lithium Battery and Material Export Controls for One Year.” US: Policy is Driving a shift to ex-China Graphite Supply • Anti-Dumping & Countervailing Duties (AD / CVD) source: U.S. Department of Commerce, “Active Anode Material from China: Scheduling of the Final Phase of Countervailing Duty and Antidumping Duty Investigations,” Federal Register, August 13 2025. Preliminary combined duties of ~105%, final determinatio ns due December 2025. • Section 301 Tariff (Trade Act 1974) source: Office of the U.S. Trade Representative (USTR), “Section 301 Tariffs on Imports f rom China,” Trade Act of 1974. 25 % tariff currently applies to anode material; extension to natural graphite effective January 1 2026. • “Fentanyl” Tariff source: Executive Order 14258, “Imposing Additional Duties on Chinese Imports Under the International Emerg ency Economic Powers Act,” May 2025; U.S. Court of International Trade, Case No. 25-00214 (review pending) 20 % tariff currently in effect, pending appeal. • Section 232 Investigation (Trade Expansion Act 1962) source: U.S. Department of Commerce, Bureau of Industry & Security, “Sec tion 232 Investigation on Processed Critical Minerals and Derivative Products,” launched April 15 2025 under Executive Order 14272. Includes natural and synthetic graphite; investigat ion due Q4 2025. • Section 301 Tariff Adjustment (Executive Order 14266) source: Executive Order 14266, “Adjusting Imports of Certain Products o f China to Promote Fair and Reciprocal Trade,” April 2025. 10 % base tariff active; 24 % surcharge suspended pending U.S.–China negotiations, mid-November 2025. Australia: Building Framework to Support ex-China Supply Chains • U.S.–Australia Critical Minerals Supply Framework (Oct 2025) source: White House Fact Sheet (20 Oct 2025) “United States –Australia Framework for Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths”; Australian Government press release (DFAT / DISR). • Critical Minerals Facility (A$4b) source: Export Finance Australia and Northern Australia Infrastructure Facility announcements; Australian Government Budget Papers 2023–24; Renascor Resources ASX Release (16 Feb 2023). • Critical Minerals Strategy 2023–2030 source: Department of Industry, Science and Resources (DISR) Critical Minerals Strategy 202 3–2030 (June 2023). • National Battery Strategy (2024) source: Australian Government National Battery Strategy 2024 (May 2024); DISR implementation plan (July 2024). • Australia–Japan / Korea Partnerships source: Australia–Japan Critical Minerals Partnership (2022); Australia–Korea Critical Minerals MOU (2023); joint statements by POSCO and Mitsubishi Chemical. • Proposed Critical Minerals Reserve Fund source: Australian Treasury and DFAT Budget 2025 consultation papers on the Critical Minerals Reserve Fund (2025). For personal use only
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PSG Operation • Initiate production of Purified Spherical Graphite • Staged approach to minimise upfront shareholder dilution • Anode product development with current and next-generation anode suppliers • Develop markets for other specialty graphite products Renascor Resources Ltd | ASX: RNU 34 We aim to become a global leader in the supply of sustainable, 100% Australian-made battery anode material Appendix 5 - Renascor’s Strategy Full Renascor Potential • Expand Graphite Concentrate and Purified Spherical Graphite production • Establish further downstream processing expertise (and partnerships, as appropriate) to support development of fully integrated anode production • Utilise expertise in graphite materials, engineering and applications to become industry leading manufacturer of high value graphite products and solutions Stage 1 Stage 2 Stage 3 Mining Operations • Commence production of Graphite Concentrates • Continue to build valuable offtake relationships with leading anode suppliers • PSG Demonstration Plant & qualification • Increase Resource / Reserve For personal use only
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Renascor Resources Ltd | ASX: RNU 35 Renascor Resources Limited Level 5, 149 Flinders Street Adelaide, South Australia 5000 Phone: + 61 8 8363 6989 Email: info@renascor.com.au Website: www.renascor.com.au ASX Code: RNU Proud members of: For personal use only