Past year: ▼ 35%(5.30c – 8.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Sept 2022material agreement▲ GoodMajor
Renascor signed a 40-year option-to-lease with SA Water over a 20-hectare site at Bolivar, north of Adelaide, for its graphite purification plant. Rent is set at market rates; the option can be exercised before 30 June 2025. This resolves the open downstream site selection.
18 Aug 2022resource reserve update▲ GoodMajor
Siviour Mineral Resource upgraded after the infill drilling: Measured plus Indicated rose 14% to 62.8Mt at 7.5% TGC (4.7Mt graphite); total resource is 93.5Mt at 7.3% TGC (6.9Mt). It will feed an improved pit design and reserve in the optimised study.
17 Aug 2022other● Neutral
Administrative notice that 1,471,754 fully paid shares will be released from voluntary escrow on 24 August 2022. No operational or financial news.
29 July 2022quarterly activities report● Neutral
June quarter report recaps the Siviour drill assays and the north-western land access and option agreement. The optimised study continues. Cash was about $74m at 30 June 2022, up from $15.4m at 31 December 2021 after the placement.
12 July 2022admin correction● Neutral
Clarification that the access and option agreement is with Cambourn Pty Ltd, owner of the freehold land. It involved a payment Renascor does not consider material, for access and option rights over three years.
12 July 2022asset acquisition disposition▲ Good
Renascor signed a land access and option agreement, with an option to buy, over freehold land north of the Siviour lease, covering the north-western extension of the Inferred Resource. Drilling there is expected this quarter, subject to rig availability and approvals.
6 July 2022drilling result▲ GoodMajor
Final assays from the 38-hole program include 25 metres at 13.7% TGC and 45 metres at 9.4% TGC, west of the current pit design. A revised Mineral Resource Estimate is expected this quarter, building on the June results.
16 June 2022drilling result▲ GoodMajor
Drilling at Siviour returned wide graphite intersections, such as 28 metres at 8.2% TGC and 25 metres at 8.4% TGC. Assays cover about half the program; the company expects they could support a higher resource confidence and a larger reserve.
23 May 2022capital raising announcement● Neutral
The Share Purchase Plan closed with only $279,000 of applications, far below the $10m target; $126,500 came from holders possibly ineligible, to be issued as a placement. Cash is about $75m, and the $185m EFA loan remains conditional.
4 May 2022capital raising announcement● Neutral
Share Purchase Plan booklet offers eligible Australian and New Zealand shareholders up to $30,000 of shares at $0.27, the same price as the placement. The offer opens 4 May and closes 17 May 2022. Administrative follow-on to the placement.
29 Apr 2022quarterly activities report● Neutral
March quarter report recaps the A$185m conditional EFA loan, 65%+ milling yields, bulk PSG samples sent to offtake partners and the optimised study of capacity above 28,000tpa. It notes the $65m placement after quarter-end; pro-forma cash is $80m.
26 Apr 2022capital raising announcement▲ GoodMajor
Renascor raised $65m through a placement of about 241m shares at $0.27, a 12.9% discount to last close, plus a Share Purchase Plan of up to $10m. Funds go to engineering, long-lead items and an expanded Stage 1; pro-forma cash is $80m.
What it means for a shareholder
241m new shares at A$0.270 to raise about A$65.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (3,704 at the issue price), your slice goes from 0.000197% to 0.000175% of the company. To keep it you'd need 475 more shares - about A$128 at the issue price.
Create a free account to see this worked out for your own holding.
6 Apr 2022investor presentation● Neutral
Managing Director's presentation to the Battery Minerals Conference restating the Siviour project, the US$499m study value, offtake MOUs for up to 60,000tpa and the A$185m conditional EFA loan. It shows 1,907m shares and A$0.325 price (5 Apr 2022). No new results.
28 Mar 2022joint venture update▲ Good
Project update: an optimised Siviour study, run by GR Engineering Services, is assessing capacity above 28,000tpa PSG plus staged expansions. EFA loan documents are targeted for mid-2022; PEPR talks continue, offtake price talks are active, and Renascor opposed a graphite purification patent application.
10 Mar 2022half year report● Neutral
Half-year report to 31 December 2021 shows a loss of $853,315 (prior period $400,598), including a $198,898 exploration write-down. It recaps known Siviour progress: POSCO MOU, Major Project Status, PEPR lodgement, 65%+ milling yields and purification results.
4 Mar 2022other● Neutral
S&P Dow Jones Indices announcement of March 2022 quarterly index changes. Renascor (RNU) is listed as an addition to the All Ordinaries effective 21 March 2022. No company operational or financial news.
7 Feb 2022other▲ Good
Renascor finished a bulk campaign making large-scale purified spherical graphite samples from 63t of ore and sent them to existing and potential offtake partners for qualification. This is meant to support binding agreements; the MOUs for up to 60,000tpa remain non-binding.
4 Feb 2022investor presentation● Neutral
Presentation on the A$185m conditional EFA loan, restating known project facts, non-binding offtake MOUs for up to 60,000tpa and a projected 2022 final investment decision. No new results or terms beyond the 2 February announcement.
2 Feb 2022debt financing▲ GoodMajor
Export Finance Australia conditionally approved an A$185m loan facility for Siviour under the $2bn Critical Minerals Facility, following 2020 in-principle support. Conditions, including EFA due diligence, are to be met alongside a planned 2022 final investment decision. It is not yet binding funding.
31 Jan 2022quarterly activities report● Neutral
December quarter report recaps 65%+ milling yields, 99.99% purification, and the start of engineering design. POSCO due diligence is nearing completion with commercial terms under negotiation. Cash was about $15.4m at 31 December 2021, down from $16.1m.
10 Jan 2022other▲ Good
Commercial-scale milling trials gave spherical graphite yields above 65%, up from the 60%+ reported in November and the 50% assumed in the July 2020 study. Data will feed engineering design and equipment selection; more PSG per tonne of concentrate could lift margins.
13 Dec 2021other▲ Good
Locked-cycle purification trials by Dorfner ANZAPLAN confirmed the HF-free process, reaching up to 99.99% carbon against the 99.95% anode standard, with less reagent use than bench tests. This follows the November results and lets engineering of the purification plant begin.
30 Nov 2021investor presentation● Neutral
AGM presentation by the Managing Director, restating the staged strategy and known project facts. It shows 1,889m shares, 153m options, a $0.11 share price (24 Nov) and cash of $16.1m at 30 Sep. No new results.
26 Nov 2021other▲ GoodMajor
Commercial-scale milling trials gave spherical graphite yields above 60%, versus the 50% assumed in the July 2020 study. Locked-cycle purification again reached up to 99.99% carbon. POSCO due diligence is progressing, though nothing is binding yet.
29 Oct 2021quarterly activities report● Neutral
September quarter report recapping the POSCO MOU (20,000-30,000tpa), Major Project Status, the PEPR lodgement and pilot flotation at 95.7% purity and 94.6% recovery. Cash was about $16.1m. Feasibility work on a larger Stage 1 and Stage 2 has begun.
29 Oct 2021quarterly activities report● Neutral
September quarter cash flow: cash fell to $16.1m from $17.27m. Operating outflow was $0.29m, with $1.02m of development asset spending, partly offset by $0.16m from option exercises. No debt; about 52 quarters of funding at current spend.
30 Sept 2021annual report● Neutral
2021 annual report for the year to 30 June 2021, recapping known progress: four non-binding offtake MOUs for up to 60,000tpa, locked cycle flotation gains and HF-free purification results. Text provided is partial; no new results are seen in it.
30 Sept 2021other● Neutral
Appendix 4G and corporate governance statement for the year ended 30 June 2021, a routine compliance filing signed by Jon Colquhoun. No operational or financial news.
27 Sept 2021regulatory community update▲ GoodMajor
Renascor lodged its mining program (PEPR) for Siviour, seeking approval for up to 1.65Mtpa processing, or up to 150,000t of concentrate a year. It is the second step after the 2019 Mineral Lease; the State expects a review of up to four months.
15 Sept 2021regulatory community update▲ GoodMajor
The Australian Government granted Major Project Status to the Siviour Battery Anode Material project, giving a single entry point for federal approvals and coordination with State approvals. Renascor says it supports binding offtake talks and project financing. No funding is announced.
