Past year: ▼ 35%(5.30c – 8.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Oct 2023investor presentation● Neutral
Update on accelerating the upstream graphite concentrate operation: value engineering, flotation tests, and final tendering for mine process plant and desalination front-end engineering design. Work follows PEPR approval and BAM Study. No funding decision or new results announced.
3 Oct 2023agm notice● Neutral
Notice that the 2023 AGM will be held on 21 November 2023, with director nominations closing 10 October 2023. Administrative only.
29 Sept 2023annual report● Neutral
2023 annual report for the year to 30 June 2023 recaps PEPR approval, the BAM Study, the Mitsubishi Chemical MOU and the expanded Ore Reserve. The excerpt shows no new project results; the full financial statements were not visible in the text provided.
29 Sept 2023other● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2023, lodged with the annual report. Administrative compliance filing with no operational or financial news.
14 Sept 2023resource reserve update▲ GoodMajor
Siviour Mineral Resource rises 25% to 123.6Mt at 6.9% TGC (8.5Mt graphite), from 93.5Mt, after the northern drilling. 61% is Measured or Indicated. Measured and Indicated rose to 73.1Mt; it is not yet in the Ore Reserve or BAM Study.
24 Aug 2023resource reserve update▲ GoodMajor
Updated Siviour Ore Reserve is 61.8Mt at 7.0% TGC (4.3Mt graphite), a 13% increase on the 2020 reserve of 51.5Mt, including Proven 16.8Mt at 8.2%. Based on the new BAM Study; the company says it is the largest graphite reserve outside Africa.
10 Aug 2023material agreement▲ Good
Renascor took a non-exclusive, perpetual licence from Dorfner ANZAPLAN, for a nominal fee, to use a hydrofluoric-acid-free purification process at its planned PSG plant. Trials reached up to 99.99% carbon. The process is built into the BAM Study costings.
8 Aug 2023investor presentation▲ GoodMajor
The optimised BAM Study shows post-tax NPV10 of A$1.5bn (up from A$713m in 2020), IRR 26%, and average EBITDA of A$363m. Upstream start-up capex is A$214.5m, with A$394.6m for the later PSG plant; funding is to come from A$129m cash and debt.
31 July 2023quarterly activities report● Neutral
June quarter report recaps the Mitsubishi Chemical MOU, the 3km northern drilling extension and start of long-lead procurement. Optimised BAM Study work is complete, with results due early August. Cash was about A$129 million at 30 June 2023, down from about $134m in March.
19 July 2023material agreement▲ GoodMajor
Renascor signed a non-binding strategic cooperation MOU with Mitsubishi Chemical, Japan's largest chemical company, covering possible purchase of graphite concentrate and purified spherical graphite from Siviour and a possible commercial partnership. Terms, volumes and prices remain to be negotiated; adds to POSCO, Minguang, Zeto and Hanwa MOUs.
7 July 2023drilling result▲ GoodMajor
Drilling confirmed high-grade graphite over more than 3km immediately north of the Siviour resource, including 47m at 7.6% TGC from 78m. Of 26 holes, 6 were abandoned before reaching mineralisation. An updated resource estimate is expected this quarter and could enlarge the 93.5Mt resource.
9 May 2023contract award▲ GoodMajor
Renascor started long-lead procurement for the Siviour mine, commissioning SA Power Networks to upgrade electrical infrastructure for the grid connection. It also began tendering for early contractor involvement in mine FEED. The BAM Study is still due July 2023.
3 May 2023investor presentation● Neutral
Managing Director's Singapore conference presentation restating the Siviour project, graphite market outlook and A$185m conditional loan. It shows 2,539m shares, $0.21 price, $134m cash and no debt at stated dates. No new results.
28 Apr 2023quarterly activities report● Neutral
March quarter report repeats the BAM Study update, with completion expected July 2023 and long-lead procurement starting. The north-western resource expansion drilling program is complete. Cash was about $134 million at 31 March 2023.
26 Apr 2023investor presentation● NeutralMajor
Renascor says the optimised BAM Study is nearing completion, now expected July 2023. Upstream engineering is done, and long-lead procurement and mine FEED tendering are starting. Capital costs are expected to rise with inflation. A final investment decision is still targeted later this year.
14 Mar 2023half year report● Neutral
Half-year to 31 December 2022: loss of $396,991 (prior year $853,315). Cash was $136.8m, up from $74.0m, after the $70m placement and $2.6m from exercise of 130.4m listed options before they expired. Otherwise restates known project progress.
3 Mar 2023other● Neutral
S&P Dow Jones Indices announced Renascor will be added to the S&P/ASX 300 index from 20 March 2023. Index change only, with no company operational news.
31 Jan 2023quarterly activities report● Neutral
December quarter report recaps the PEPR approval and the A$70m placement, with the optimised study and north-western resource drilling continuing. Cash was about $137 million at 31 December 2022. No new results.
8 Dec 2022capital raising announcement▲ GoodMajor
Renascor completed the A$70m placement of about 254.5m shares at $0.275, with domestic and offshore institutions taking part. Pro-forma cash is A$140m before costs. Management says it allows earlier construction of the Siviour mine, with a final investment decision targeted for 2023.
What it means for a shareholder
255m new shares at A$0.275 to raise about A$70.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (3,636 at the issue price), your slice goes from 0.000194% to 0.00017% of the company. To keep it you'd need 493 more shares - about A$136 at the issue price.
Create a free account to see this worked out for your own holding.
7 Dec 2022capital raising announcement▲ GoodMajor
Renascor launched a fully underwritten institutional placement of about 254.5m shares at $0.275 to raise roughly A$70m, a 14.1% discount to the last close. Funds bring forward construction of the Siviour mine and concentrator after the PEPR approval; pro-forma cash is A$140m.
What it means for a shareholder
255m new shares at A$0.275 to raise about A$70.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (3,636 at the issue price), your slice goes from 0.000194% to 0.00017% of the company. To keep it you'd need 493 more shares - about A$136 at the issue price.
Create a free account to see this worked out for your own holding.
30 Nov 2022investor presentation● Neutral
AGM presentation by the Managing Director restating the staged strategy, PEPR approval, Bolivar site and A$185m conditional loan. It shows 2,191m shares, $0.31 price and $71m cash at 30 September. No new results.
28 Nov 2022regulatory community update▲ GoodMajor
South Australia approved Renascor's environmental and rehabilitation program (PEPR) for the Siviour mine, allowing up to 1.65Mtpa processing and 150,000t of concentrate a year. It follows the 2019 mineral lease, satisfies a key condition of the A$185m EFA loan, and resolves a long-pending permit.
25 Nov 2022security holder rights change● Neutral
Notice that listed options (exercise price $0.02) expire 31 December 2022 and stop trading 22 December. Exercising all would issue 94,955,386 shares. The shares closed at $0.315, well above the exercise price, so holders have a choice to exercise, sell or lapse.
23 Nov 2022agm notice● Neutral
Details of the online webcast for the 30 November 2022 AGM, and how to submit questions in advance. Administrative only.
3 Nov 2022investor presentation● Neutral
Managing Director's presentation to an international mining conference restating the Siviour project, Bolivar site and A$185m conditional EFA loan. It shows 2,177m shares, a $0.215 price, $71m cash and no debt at the stated dates. No new results.
31 Oct 2022quarterly activities report● Neutral
September quarter report recaps the Bolivar site option with SA Water, the resource upgrade to 93.5Mt, and the north-western land agreement. The optimised study continues. Cash was about $71 million at 30 September 2022, down from about $74 million.
28 Oct 2022director officer appointment● Neutral
Managing Director David Christensen's salary rises to $464,226 from $372,000, with a short-term cash bonus capped at 50% of fixed pay. A long-term incentive of up to 50% needs shareholder approval. Bonus eligibility existed before but had no stated cap.
11 Oct 2022agm notice● Neutral
Notice that the 2022 AGM will be held on 30 November 2022, with director nominations closing 18 October 2022. Administrative only.
30 Sept 2022annual report● Neutral
2022 Annual Report restates the Siviour graphite and battery anode project, with a mine on the Eyre Peninsula and a processing plant north of Adelaide. The extracted text shows no new results; financial statements are not visible in the excerpt.
30 Sept 2022annual report● Neutral
Appendix 4G confirming the 2022 Corporate Governance Statement, published on the company website, is current at 30 September 2022 and board-approved. Administrative filing with no operational or financial news.
