Highlights

  • Renascor presented its Purified Spherical Graphite (PSG) strategy at IMARC on 28 October 2026.
  • The Adelaide PSG Demonstration Facility produced 99.97% C PSG in batch trials using third-party graphite.
  • The company reported cash of A$94 million at 30 June 2026 and no debt.
  • A$185 million conditional loan under the Australian Government's Critical Minerals Facility supports financing plans.

Renascor Resources Limited (ASX:RNU) has released its investor presentation for the IMARC conference, delivered by Managing Director David Christensen on 28 October 2026. Titled "Australian-Produced PSG: Renascor's Graphite Solution for Secure Anode Supply", the presentation sets out how the company aims to pair Australian-produced Purified Spherical Graphite with established anode makers outside China.

Siviour Deposit and Development Status

Renascor's Siviour deposit in South Australia is described as the second-largest Proven Reserve globally and the largest reported Reserve outside Africa. The Mineral Resource stands at 123.6 Mt at 6.9% TGC for 8.5 Mt of graphite, while the Ore Reserve is 61.8 Mt at 7.0% TGC for 4.3 Mt of graphite.

All major regulatory approvals are in place for the mine and downstream facility. The company has completed a DFS, acquired freehold land for the mine, and holds an Indigenous Land Use Agreement with the Barngarla. Early site works and long-lead procurement, including the electrical grid, are underway.

PSG Demonstration Facility Progress

The PSG Demonstration Facility in Adelaide is now operating. Batch trials using third-party graphite produced PSG at 99.97% carbon, above the 99.95% battery-grade requirement. Renascor noted this result came from purchased, commercially produced spherical graphite rather than Siviour material, and reflects a single assay from an initial commissioning batch.

Next steps include batch trials using Siviour graphite planned for the current quarter, customer samples for qualification and multi-tonne continuous trials. The facility was part-funded by an A$5 million co-funded Australian Government grant, with support from POSCO International and Hanwa.

Funding, Offtake and Market Position

Renascor reported cash of A$94 million at 30 June 2026 with no debt, and a A$185 million conditional loan under the Critical Minerals Facility. It holds non-binding offtake commitments and MOUs with POSCO, Mitsubishi Chemical and Hanwa, and is seeking long-term pricing to support binding offtake and project financing given current graphite prices.

Citing Fastmarkets, the company noted that China supplies about 99% of PSG used in anodes. Benchmark Mineral Intelligence forecasts Renascor as having the lowest C3 cost among ex-China PSG projects, supported by HF-free purification, reagent recycling and integrated water treatment. The company's stated priorities are to demonstrate battery-grade PSG, secure offtake, advance financing and work toward a Final Investment Decision.

Key Takeaways

  • Renascor is positioning Siviour-based PSG as a supply option for anode makers outside China.
  • Demonstration trials using third-party graphite met battery-grade purity, with Siviour graphite trials to follow.
  • The company holds A$94 million in cash, no debt and a conditional A$185 million government loan.
  • Binding offtake and long-term pricing remain key steps before a Final Investment Decision.