8 Oct 2024agm notice● Neutral
Renascor will hold its 2024 AGM on 26 November 2024, with director nominations closing 15 October 2024. Kathryn Presser is due to stand for re-election there. Administrative notice only.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Sept 2024annual report● Neutral
Appendix 4G and Corporate Governance Statement for the year to 30 June 2024, lodged alongside the annual report. Compliance paperwork with no new project or financial information.
30 Sept 2024annual report● Neutral
Annual report for the year to 30 June 2024 recaps the year's progress: ECI process, land purchase, power connection, native title agreement and EFA loan work. The chair notes graphite concentrate prices fell to US$485 per tonne by end-June 2024 from US$813 in January 2023.
23 Sept 2024other▲ Good
Renascor collected a 730-tonne bulk ore sample from Siviour for the PSG demonstration plant. It is being processed into concentrate at a commercial facility in China, scheduled for Q4 2024. Demonstration plant commissioning remains planned for Q2 2025.
6 Sept 2024other▼ Bad
S&P Dow Jones Indices will remove Renascor from the S&P/ASX 300 from 23 September 2024. It had been in the index since March 2023. This may reduce index-fund demand for the shares (inference).
27 Aug 2024regulatory community update▲ Good
The Barngarla native title agreement signed in April 2024 is now registered with the National Native Title Tribunal, making it enforceable. Renascor is issuing $35,000 of shares to the Barngarla native title body as the agreement required.
21 Aug 2024drilling result▲ GoodMajor
Equipment trials of the planned purification process produced battery-grade graphite up to 99.99% carbon, against the 99.95% industry standard. This supports the PSG process ahead of the grant-funded demonstration plant, still on schedule for commissioning in Q2 2025.
8 Aug 2024other● Neutral
Renascor lodged its updated Securities Trading Policy, adopted 6 August 2024, as required by the listing rules. Administrative only, with no new project or financial information.
30 July 2024quarterly activities report● Neutral
June quarter report recaps the $5m grant, the ECI process with GR Engineering and Primero, EFA loan confirmation, Barngarla ILUA and Presser's appointment. Cash was about A$110m at 30 June 2024, down from A$114m. Binding offtake and equity talks continue.
18 July 2024investor presentation● Neutral
Managing Director's Noosa conference presentation repeats known highlights: A$1.5bn NPV, A$185m conditional loan, cash of $114m. Share price was A$0.094 on 17 July 2024 (market cap A$238.9m), down from A$0.105 in June. No new information.
11 July 2024material agreement▲ GoodMajor
Renascor won a $5m federal grant to co-fund up to 49.9% of a $10m demonstration plant for purified spherical graphite, supported by POSCO International and Hanwa. Equipment procurement is planned this quarter, with commissioning in Q2 2025.
24 June 2024contract award▲ GoodMajor
Renascor started a competitive Early Contractor Involvement process with GR Engineering and Primero to design and price the Siviour processing plant, aiming for an executable EPC contract. Completion is expected late Q4 2024. Offtake and equity talks continue in parallel.
20 June 2024director officer appointment▲ GoodMajor
Kathryn Presser AM, former CFO and Company Secretary of Beach Energy for twenty years, joined as independent non-executive director, filling a casual vacancy. She stands for re-election at the November 2024 AGM. This is the first board addition since the chair flagged renewal.
6 June 2024investor presentation● Neutral
Forum presentation repeats known project highlights (A$1.5bn NPV, A$185m conditional loan). It shows the share price at A$0.105 (5 June 2024), market cap A$266.8m, cash A$113.8m at 31 March and no debt. No new announcements.
30 Apr 2024quarterly activities report● Neutral
March quarter report recaps the EFA loan confirmation, Barngarla ILUA, power connection agreement and product mix change. Cash was about A$114m at 31 March 2024, down from A$125m. Binding offtake talks continue with existing partners and others.
19 Apr 2024material agreement▲ GoodMajor
Renascor signed an Indigenous Land Use Agreement with the Barngarla native title holders, giving consents for the desalination plant and pipelines and satisfying a key requirement for construction. Shares worth $35,000 will be issued once the ILUA is registered.
17 Apr 2024debt financing▲ GoodMajor
Export Finance Australia confirmed the A$185m loan (A$150m term, A$35m cost overrun), conditionally approved in February 2022, can be used for the upstream graphite concentrate operation. Drawdown still needs due diligence and documentation; no fatal flaws found so far.
14 Mar 2024half year report● Neutral
Half-year to 31 December 2023 shows a profit of about $958k (prior-year loss $397k) and cash of $124.9m, down from $129.3m at June 2023. It recaps known events such as the BAM Study, land purchase and product mix change.
4 Mar 2024investor presentation● Neutral
Presentation by the Managing Director in Toronto to the Mineral Security Partnership and PDAC repeats known facts: the A$1.5bn NPV, conditional A$185m EFA loan, non-binding offtake MOUs and cash of A$125m at 31 December 2023. No new information.
29 Feb 2024contract award▲ Good
Renascor signed a connection agreement with SA Power Networks to upgrade the Cleve substation and powerlines for Siviour, following the May 2023 equipment order. Works start next quarter and take about twelve months. Cost not stated.
31 Jan 2024quarterly activities report● Neutral
December quarter report confirms the Siviour freehold land purchase settled in January 2024, and recaps the life cycle assessment and revised product mix. Cash was about A$125m at 31 December 2023, down from A$128m. Talks with partners on offtake and equity continue.
17 Jan 2024other▲ Good
Renascor revised the planned Siviour product mix after locked-cycle tests, lifting coarse flake (over 150 microns) from 17% to 27% of output to sell more into higher-value industrial markets. It expects no material capex change and lower operating costs.
1 Dec 2023investor presentation● Neutral
Conference presentation repeats known project highlights: A$1.5bn NPV, conditional A$185m EFA loan, non-binding MOUs. Share price shown at A$0.15, cash A$127.8m, no debt. No new information.
28 Nov 2023security holder rights change● Neutral
2,141,692 performance rights issued to Managing Director David Christensen, as approved at the AGM; further rights went to management. They convert to shares only if vesting conditions are met.
28 Nov 2023asset acquisition disposition▲ GoodMajor
Renascor agreed to buy the freehold land under the Siviour deposit (ML 6495) from the Siviour family, following an earlier option. Completion is expected January 2024, funded from cash; price not stated. It supports on-ground works ahead of construction.
21 Nov 2023investor presentation● Neutral
AGM presentation repeats known facts: A$1.5bn NPV, conditional A$185m EFA loan, non-binding offtake MOUs. It shows the share price at A$0.16, market cap A$406m, cash A$127.8m and no debt. No new announcements.
21 Nov 2023other● Neutral
Chairman Keevers' AGM address says Siviour is well placed but large offtake partners are proceeding with caution on risk sharing. He notes over 20,000 shareholders, PSG plant approvals at Bolivar still being sought, and planned board renewal. No new project results.
14 Nov 2023agm notice● Neutral
Notice of an online webcast for the 21 November 2023 AGM, with questions due by 17 November. Administrative only.
1 Nov 2023other▲ Good
Independent assessment by Minviro estimates Siviour purified spherical graphite would emit about 2.0 tonnes CO2e per tonne, versus about 7.0 for current Heilongjiang, China production. Renascor expects it to help secure financing and offtake; no commitments announced.
31 Oct 2023quarterly activities report● Neutral
September quarter report recaps the August BAM Study (NPV10 A$1.5bn, IRR 26%), expanded Ore Reserve (61.8Mt) and Resource (123.6Mt), Dorfner licence and Mitsubishi Chemical MOU. Cash was about A$128m at 30 September 2023, down from A$129m.