Delays in Equipment Delivery Could Test Renascor’s PSG Demonstration Timeline

• Construction of PSG demonstration facility commenced with early civil works complete
• Key overseas equipment arrived; kiln off-site commissioning successfully done
• On-site commissioning scheduled for next quarter, pending equipment delivery
• Facility to demonstrate eco-friendly, hydrofluoric acid-free purification process
• Project supported by $5 million Australian Government grant under critical minerals program

Construction Milestone Reached

Renascor Resources (ASX – RNU) has marked a significant step forward in its Battery Anode Material (BAM) project with the commencement of construction at its Purified Spherical Graphite (PSG) demonstration facility in Adelaide, South Australia. Supported by a $5 million grant from the Australian Government’s International Partnerships in Critical Minerals Program, the project has completed early civil works including initial concrete pours, with construction crews now fully mobilised on site.

Critical overseas equipment, such as the filter press and scrubber, has arrived in Adelaide, while the kiln has undergone successful off-site commissioning and is being prepared for shipment. These developments keep the project firmly on track for on-site commissioning to begin next quarter, contingent on the timely arrival of remaining equipment.

Innovating Beyond Conventional Methods

The demonstration facility is designed to convert graphite concentrate from Renascor’s 100%-owned Siviour Graphite Deposit into purified spherical graphite, a key component in lithium-ion battery anodes. Notably, Renascor’s process avoids the use of hydrofluoric acid, a hazardous chemical commonly employed in traditional PSG purification. This HF-free method not only offers environmental advantages but also positions Renascor as a potential global competitor to China’s dominant PSG supply chain.

Managing Director David Christensen expressed confidence in the project’s progress and its strategic importance – “The smooth start to civil works and equipment testing reinforces our confidence in delivering the project on schedule. We look forward to showcasing our purification process, delivering a globally competitive Australian alternative to China’s near-monopoly on PSG production.”

Strategic Context and Financial Strength

Renascor’s BAM project integrates upstream graphite mining at the Siviour Deposit, one of the world’s largest proven graphite reserves outside Africa, with downstream processing into battery-grade materials. The company has completed a definitive feasibility study and secured environmental and development approvals for both mining and processing operations.

Financially, Renascor is well positioned with approximately $105 million in cash and a conditionally approved $185 million loan facility from the Australian Government’s Critical Minerals Facility. This strong backing underscores the strategic importance of domestic battery material supply chains amid global efforts to diversify critical mineral sources.

Looking Ahead

The demonstration facility’s learnings will feed directly into the design and construction of a full-scale commercial PSG plant, aimed at meeting growing demand from lithium-ion battery manufacturers. As the project advances, timely equipment delivery and successful commissioning will be key milestones to watch, alongside the broader implications for Australia’s role in the global battery materials market.

Bottom Line?

Renascor’s progress signals a promising shift toward sustainable, locally sourced battery materials, but the next quarter’s commissioning phase will be critical to validate its competitive edge.

Questions in the middle?

• Will the remaining overseas equipment arrive on schedule to avoid commissioning delays?
• How will Renascor’s HF-free purification process perform at commercial scale compared to traditional methods?
• What impact could Renascor’s PSG facility have on reducing global reliance on China’s graphite supply?