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2026-11-06
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Renascor Resources Limited

DFS Unfunded Developer · Graphite · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.05
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$127.3M
EV
A$33M
Cash
A$94.4M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

6 assets

Core asset

Siviour integrated Battery Anode Material Project

Australia

DFS Unfunded Developer100% ownedGraphite

Mine PEPR approved; commercial PSG facility provisionally authorised subject to detailed design; demonstration plant processing; conditional A$185m loan is undrawn.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVA$1.5B10% discount
IRR26%Published return
Initial capexA$609.1MPublished capital estimate
Operating cost2,620AUD/t PSG gross, first 10 years
Operating cost459USD/t PSG purification only

Historical integrated 2023 two-stage study. Initial A$214.5m mine and A$394.6m PSG capex; full modeled NPV includes later expansion. Not a current equity value.

2026-dollar purification-only operating estimate. Excludes spheronisation, logistics and finance.

Resources & reserves5
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcemeasured16.9M t ore8.6% TGCGraphite2023-09-14
Mineral Resourceindicated56.2M t ore6.7% TGCGraphite2023-09-14
Mineral Resourceinferred50.5M t ore6.5% TGCGraphite2023-09-14
Ore Reserveproven16.8M t ore8.2% TGCGraphite2023-08-24
Ore Reserveprobable45M t ore6.6% TGCGraphite2023-08-24
Tenements1
ml-6495Granted16 km2 · No expiry supplied
Milestones2
  1. Integrated demonstration processing began

    Achieved · High materiality

  2. Commercial investment decision

    Pending · High materiality

Permits & approvals2
PermitJurisdictionStatusExpiryCritical path
Program for Environment Protection and RehabilitationSouth AustraliaGranted—Yes
Bolivar commercial PSG provisional development authorisationSouth AustraliaPending—Yes
Economic studies2
StudyStageStatusDateSummary
2023 Siviour Battery Anode Material StudyDFSReaffirmed2023-08-08Issuer reaffirmed technical assumptions, but the forecast 2023–26 construction schedule has elapsed and financing/offtake are unbound.
2026 purification cost studyOperating PlanCurrent2026-07-09US$459/t is for purification only at an assumed 50ktpa design, not total PSG cost or production guidance.

Material

Marree, including Flat Hill copper prospects

Australia

Early Explorer100% ownedCopperUranium

Three exploration licences owned; Vintage tenements shown separately. Historic intersections and VTEM conductors are not a JORC resource; Native Title access is pending.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements4
el-6549Granted283 km2 · 2031-04-06
el-6403Granted316 km2 · No expiry supplied
el-6585Granted32 km2 · No expiry supplied
el-7085Granted622 km2 · No expiry supplied
Milestones2
  1. VTEM priority targets defined

    Achieved · Medium materiality

  2. Access-dependent drill testing

    Pending · Medium materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Native Title Mining Agreement for drillingSouth AustraliaPending—Yes

Other

Wooltana and Porter Hill exploration

Australia

Early Explorer0% ownedCopperUranium

Vintage retains beneficial title. Renascor may earn 51%, then opt to 90%; no interest earned at 30 June 2026.

Tenements2
el-6990Granted91 km2 · No expiry supplied
el-6801Granted89 km2 · No expiry supplied

Other

Tumby Bay and Arno Bay rare earth exploration

Australia

Early Explorer100% ownedRare EarthsCopper

Rare earth sample mineralogy and TEMPEST survey interpretation; no resource or study.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements1
el-6423Granted258 km2 · No expiry supplied

Other

Olary and Bulloo Creek exploration

Australia

Early Explorer100% ownedCopperGold

Copper/gold target evaluation adjacent to White Dam; no resource or economic study.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements1
el-7133Granted122 km2 · No expiry supplied

Other

Hiltaba retained royalty interest

Australia

Divested0% ownedGold

Renascor sold EL5856 but retained a 1% net smelter return royalty; no production or reserve basis to capitalize.