RNU: Annual Report to shareholders
Original announcement by asx on
- Company
- Renascor Resources Limited
- Ticker
- RNU
- Exchange
- ASX
- Region
- South Australia
- Primary commodity
- Graphite
- Secondary commodities
- Copper, Uranium, Cobalt
- Document categories
- Resource update, Metallurgy, Drill results
- Extracted
- 2026-09-30 08:16:37 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Renascor Resources Limited's 2026 Annual Report details significant advancements in its Battery Anode Material (BAM) Project, including the commissioning of its Purified Spherical Graphite (PSG) demonstration facility and bulk processing results exceeding DFS assumptions for graphite concentrate. The company also reported on early-stage exploration for copper, uranium, and cobalt, while maintaining stable graphite resource and reserve estimates. A strong cash position supports ongoing development and exploration activities.
Reasoning: Renascor Resources Limited has made significant progress in de-risking its Battery Anode Material (BAM) Project with the commissioning of its PSG demonstration facility and positive metallurgical test work results. The company also highlights early-stage exploration potential for other critical minerals, supported by a strong financial position, although binding offtake and financing for the commercial project are still pending and resource estimates are unchanged.
Positive factors
- PSG demonstration facility commissioned
- HF-free purification process validated
- Bulk processing results exceeded DFS assumptions for Siviour graphite concentrate grade and recovery
- Purification operating costs estimated at US$459/tonne, supporting competitiveness
- Identification of substantial copper mineralization and uranium exploration opportunity at Marree
- Cobalt-bearing horizon identified at Bulloo Creek
- Strong cash position of A$94 million
- Australian Government support through grants and loan facility
Negative factors
- Graphite markets remain challenging
- Binding offtake agreements and financing for commercial operation not yet secured
- Resource and reserve estimates are unchanged from prior year, indicating no growth
- Historical drill results are being re-highlighted, not new assays
- Exploration results are early stage
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 15
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents an 'Annual review of Ore Reserves and Mineral Resources statement' for the year ended 30 June 2026.
Evidence · text
“Annual review of Ore Reserves and Mineral Resources”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resources and Ore Reserves estimates are prepared in accordance with the 'JORC Code, 2012 Edition'.
Evidence · text
“JORC Code, 2012 Edition”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document names Mr G.W. McConachy, Mrs Christine Standing, and Mr Ben Brown as Competent Persons responsible for the exploration results, Mineral Resources, and Ore Reserves respectively.
Evidence · text
“Mr G.W. McConachy who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr McConachy is a director of the Company. Mr McConachy has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012 Edition).”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Siviour Mineral Resource includes an 'Inferred' category of 50.5 Mt at 6.5% TGC.
Evidence · table
“50.5”
Context: Inferred
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The Siviour Mineral Resource includes a 'Measured' category of 16.9 Mt at 8.6% TGC.
Evidence · table
“16.9”
Context: Measured
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Siviour Mineral Resource includes an 'Indicated' category of 56.2 Mt at 6.7% TGC.
Evidence · table
“56.2”
Context: Indicated
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The Siviour Ore Reserve includes a 'Proven' category of 16.8 Mt at 8.2% TGC.
Evidence · table
“16.8”
Context: Proven
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The Siviour Ore Reserve includes a 'Probable' category of 45.0 Mt at 6.6% TGC.
Evidence · table
“45.0”
Context: Probable
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Renascor completed construction and commenced processing graphite through its 'PSG demonstration facility', which is a large-scale test facility.
Evidence · text
“completed construction of our Purified Spherical Graphite (PSG) demonstration facility in Adelaide and commenced processing graphite through our integrated hydrofluoric acid (HF)-free purification flowsheet.”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The bulk processing program achieved a graphite recovery of 96.5%, which is above the DFS assumption of 95.5%.
Evidence · text
“graphite recovery of 96.5%, exceeding the respective Siviour definitive feasibility study assumptions of 95.0% and 95.5%.”
Recovery Improvingpositive
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: The bulk processing program achieved a graphite recovery of 96.5%, 'exceeding the respective Siviour definitive feasibility study assumptions' of 95.5%.
Evidence · text
“graphite recovery of 96.5%, exceeding the respective Siviour definitive feasibility study assumptions of 95.0% and 95.5%.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The company used an 'optimised flotation flowsheet' for bulk processing, indicating a mill-based processing route.
Evidence · text
“using its optimised flotation flowsheet at a commercial graphite facility.”
Strong Interceptpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The historical intercept at Breaden Hill of 18m @ 1.57% Cu is considered strong for copper mineralization.
Evidence · text
“Breaden Hill: 18m @ 1.57% Cu from surface”
Strong Interceptpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The historical intercept at Boorloo of 134m @ 0.57% Cu, including 28m @ 1.11% Cu, is considered strong for copper mineralization.
Evidence · text
“Boorloo: 134m @ 0.57% Cu from 26m, including 28m @ 1.11% Cu from 128m”
Strong Interceptpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The historical intercept at Breaden Hill South of 9m @ 0.99% Cu is considered strong for copper mineralization.
Evidence · text
“Breaden Hill South: 9m @ 0.99% Cu from 39m”
Weak Interceptnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The intercept at Bulloo Creek of 16m at 901 ppm cobalt is considered weak based on rubric thresholds for cobalt.
Evidence · text
“16 metres at 901 ppm cobalt from 85 metres in drillhole 25BCRC007.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The historical drill results for copper at Marree are given as downhole lengths without true width or drill orientation information.
Evidence · text
“Breaden Hill: 18m @ 1.57% Cu from surface”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The drill result for cobalt at Bulloo Creek is given as a downhole length without true width or drill orientation information.
Evidence · text
“16 metres at 901 ppm cobalt from 85 metres”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The copper drill results for the Marree Project are explicitly stated as 'Historical results'.
Evidence · text
“Historical results included:”
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The document does not disclose QA/QC procedures or certified labs for the historical Marree copper drill results.
Evidence · text
“Historical results included:”
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The document does not disclose QA/QC procedures or certified labs for the Bulloo Creek cobalt drill results.
Evidence · text
“Drilling identified a cobalt-bearing horizon with associated copper mineralisation at the Eastern Anomaly, including 16 metres at 901 ppm cobalt from 85 metres in drillhole 25BCRC007.”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("Falcon")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 15. Some facts used in scoring do not have a stored record.
Drill Results (6)
WP018Marree · copperGrade: 1.57Grade Unit: %Intercept: 18 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- WP018
- Project
- Marree
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- RNU
Geometry
- Grade
- 1.57
- Grade Unit
- %
- Intercept
- 18 m
- From
- 0 m
- To
- 18 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- WP018:0-18
Location
- Location
- Breaden Hill
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Historical drilling at Breaden Hill returned a strong copper intercept of 18m at 1.57% Cu from surface, including a higher-grade sub-interval, indicating significant mineralization potential, though it is not new data and lacks true width disclosure.
Positive factors
- Strong copper grade (1.57% Cu)
- Significant intercept length (18m)
- Higher-grade sub-interval (6m @ 2.5% Cu)
Negative factors
- Historical result, not new data
- Apparent width only, true width not stated
- No QA/QC disclosure
Evidence · text
“Breaden Hill: 18m @ 1.57% Cu from surface, including 6m @ 2.5% Cu from 2m (WP018).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
WP018Marree · copperGrade: 2.5Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- WP018
- Project
- Marree
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- RNU
Geometry
- Grade
- 2.5
- Grade Unit
- %
- Intercept
- 6 m
- From
- 2 m
- To
- 8 m
- Intercept Depth
- 2 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- WP018:2-8
Location
- Location
- Breaden Hill
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A historical high-grade sub-interval of 6m at 2.5% Cu within a broader intercept at Breaden Hill highlights bonanza-grade copper mineralization, despite being old data and lacking true width information.
Positive factors
- Very strong copper grade (2.5% Cu)
- Good intercept length for a sub-interval (6m)
Negative factors
- Historical result, not new data
- Apparent width only, true width not stated
- No QA/QC disclosure
Evidence · text
“including 6m @ 2.5% Cu from 2m (WP018).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
WP015Marree · copperGrade: 0.57Grade Unit: %Intercept: 134 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- WP015
- Project
- Marree
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- RNU
Geometry
- Grade
- 0.57
- Grade Unit
- %
- Intercept
- 134 m
- From
- 26 m
- To
- 160 m
- Intercept Depth
- 26 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- WP015:26-160
Location
- Location
- Boorloo
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Historical drilling at Boorloo revealed a very long copper intercept of 134m at 0.57% Cu, including a strong sub-interval, indicating bulk tonnage potential, though it is not new data and lacks true width disclosure.
Positive factors
- Very long intercept length (134m)
- Moderate copper grade (0.57% Cu)
- Higher-grade sub-interval (28m @ 1.11% Cu)
Negative factors
- Historical result, not new data
- Apparent width only, true width not stated
- No QA/QC disclosure
Evidence · text
“Boorloo: 134m @ 0.57% Cu from 26m, including 28m @ 1.11% Cu from 128m (WP015).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
WP015Marree · copperGrade: 1.11Grade Unit: %Intercept: 28 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- WP015
- Project
- Marree
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- RNU
Geometry
- Grade
- 1.11
- Grade Unit
- %
- Intercept
- 28 m
- From
- 128 m
- To
- 156 m
- Intercept Depth
- 128 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- WP015:128-156
Location
- Location
- Boorloo
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A historical strong-grade sub-interval of 28m at 1.11% Cu within a broader intercept at Boorloo further highlights significant copper mineralization, despite being old data and lacking true width information.
Positive factors
- Strong copper grade (1.11% Cu)
- Significant intercept length for a sub-interval (28m)
Negative factors
- Historical result, not new data
- Apparent width only, true width not stated
- No QA/QC disclosure
Evidence · text
“including 28m @ 1.11% Cu from 128m (WP015).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
MWRC-9Marree · copperGrade: 0.99Grade Unit: %Intercept: 9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MWRC-9
- Project
- Marree
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- RNU
Geometry
- Grade
- 0.99
- Grade Unit
- %
- Intercept
- 9 m
- From
- 39 m
- To
- 48 m
- Intercept Depth
- 39 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MWRC-9:39-48
Location
- Location
- Breaden Hill South
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Historical drilling at Breaden Hill South returned a strong copper intercept of 9m at 0.99% Cu, indicating mineralization potential, though it is not new data and lacks true width disclosure.
Positive factors
- Strong copper grade (0.99% Cu)
- Moderate intercept length (9m)
Negative factors
- Historical result, not new data
- Apparent width only, true width not stated
- No QA/QC disclosure
Evidence · text
“Breaden Hill South: 9m @ 0.99% Cu from 39m (MWRC-9).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
25BCRC007Bulloo Creek, Olary · cobaltGrade: 901Grade Unit: ppmIntercept: 16 mView all detailsHide details
Identity
- Hole ID
- 25BCRC007
- Project
- Bulloo Creek, Olary
- Commodity
- cobalt
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- RNU
Geometry
- Grade
- 901
- Grade Unit
- ppm
- Intercept
- 16 m
- From
- 85 m
- To
- 101 m
- Intercept Depth
- 85 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25BCRC007:85-101
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: New RC drilling at Bulloo Creek identified a cobalt-bearing horizon with associated copper mineralization, including 16m at 901 ppm cobalt, which is a weak but novel intercept for exploration.
Positive factors
- New drill program identified cobalt mineralization
- Moderate intercept length (16m)
- Associated copper mineralisation noted
Negative factors
- Weak cobalt grade (901 ppm)
- Apparent width only, true width not stated
- No QA/QC disclosure for this specific result
Evidence · text
“including 16 metres at 901 ppm cobalt from 85 metres in drillhole 25BCRC007.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (7)
provenSiviour Project · graphiteTonnes: 16800000Grade: 8.2Grade Unit: %TGCContained Metal: 1.4Contained Unit: mtView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Ben Brown
- Resource group id
- resource:35bc2d8c8b045dd611cc
Resource Data
- Category
- proven
- Tonnes
- 16800000
- Grade
- 8.2
- Grade Unit
- %TGC
- Contained Metal
- 1.4
- Contained Unit
- mt
- Cutoff Grade
- 2.3
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 16800000
- Prior Grade
- 8.2
- Prior Contained Metal
- 1.4
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Proven Ore Reserve for Siviour graphite remains unchanged from the previous year, indicating stability but no growth in this high-confidence category.
Positive factors
- High confidence Proven Reserve category
Negative factors
- No change from prior estimate
Evidence · table
“16.8”
Context: Proven
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableSiviour Project · graphiteTonnes: 45000000Grade: 6.6Grade Unit: %TGCContained Metal: 3Contained Unit: mtView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Ben Brown
- Resource group id
- resource:50f0fdef50e9dd3eb560
Resource Data
- Category
- probable
- Tonnes
- 45000000
- Grade
- 6.6
- Grade Unit
- %TGC
- Contained Metal
- 3
- Contained Unit
- mt
- Cutoff Grade
- 2.3
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 45000000
- Prior Grade
- 6.6
- Prior Contained Metal
- 3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Probable Ore Reserve for Siviour graphite remains unchanged from the previous year, indicating stability but no growth.
Positive factors
- Probable Reserve category provides reasonable confidence
Negative factors
- No change from prior estimate
Evidence · table
“45.0”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
probableSiviour Project · graphiteTonnes: 61800000Grade: 7Grade Unit: %TGCContained Metal: 4.3Contained Unit: mtView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Ben Brown
- Resource group id
- resource:46f34dcd888fc10a45bd
Resource Data
- Category
- probable
- Tonnes
- 61800000
- Grade
- 7
- Grade Unit
- %TGC
- Contained Metal
- 4.3
- Contained Unit
- mt
- Cutoff Grade
- 2.3
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 61800000
- Prior Grade
- 7
- Prior Contained Metal
- 4.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The total Ore Reserve for Siviour graphite remains unchanged from the previous year, indicating stability but no growth.
Positive factors
- Total Ore Reserve provides a significant resource base
Negative factors
- No change from prior estimate
Evidence · table
“61.8”
Context: Total
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredSiviour Project · graphiteTonnes: 16900000Grade: 8.6Grade Unit: %TGCContained Metal: 1.4Contained Unit: mtView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mrs Christine Standing
- Resource group id
- resource:a93318b725555106952e
Resource Data
- Category
- measured
- Tonnes
- 16900000
- Grade
- 8.6
- Grade Unit
- %TGC
- Contained Metal
- 1.4
- Contained Unit
- mt
- Cutoff Grade
- 2.3
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 16900000
- Prior Grade
- 8.6
- Prior Contained Metal
- 1.4
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Measured Mineral Resource for Siviour graphite remains unchanged from the previous year, indicating stability but no growth in this high-confidence category.
Positive factors
- High confidence Measured Resource category
Negative factors
- No change from prior estimate
Evidence · table
“16.9”
Context: Measured
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedSiviour Project · graphiteTonnes: 56200000Grade: 6.7Grade Unit: %TGCContained Metal: 3.8Contained Unit: mtView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mrs Christine Standing
- Resource group id
- resource:c1c09c57e3ba9ca6d810
Resource Data
- Category
- indicated
- Tonnes
- 56200000
- Grade
- 6.7
- Grade Unit
- %TGC
- Contained Metal
- 3.8
- Contained Unit
- mt
- Cutoff Grade
- 2.3
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 56200000
- Prior Grade
- 6.7
- Prior Contained Metal
- 3.8
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for Siviour graphite remains unchanged from the previous year, indicating stability but no growth.
Positive factors
- Indicated Resource category provides good geological confidence
Negative factors
- No change from prior estimate
Evidence · table
“56.2”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredSiviour Project · graphiteTonnes: 50500000Grade: 6.5Grade Unit: %TGCContained Metal: 3.3Contained Unit: mtView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mrs Christine Standing
- Resource group id
- resource:a3e652db4f28568faf67
Resource Data
- Category
- inferred
- Tonnes
- 50500000
- Grade
- 6.5
- Grade Unit
- %TGC
- Contained Metal
- 3.3
- Contained Unit
- mt
- Cutoff Grade
- 2.3
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 50500000
- Prior Grade
- 6.5
- Prior Contained Metal
- 3.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for Siviour graphite remains unchanged from the previous year, indicating stability but no growth in this lower-confidence category.
Negative factors
- Inferred Resource is a speculative category
- No change from prior estimate
Evidence · table
“50.5”
Context: Inferred
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredSiviour Project · graphiteTonnes: 123600000Grade: 6.9Grade Unit: %TGCContained Metal: 8.5Contained Unit: mtView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-30T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mrs Christine Standing
- Resource group id
- resource:28630163a97025261185
Resource Data
- Category
- inferred
- Tonnes
- 123600000
- Grade
- 6.9
- Grade Unit
- %TGC
- Contained Metal
- 8.5
- Contained Unit
- mt
- Cutoff Grade
- 2.3
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 123600000
- Prior Grade
- 6.9
- Prior Contained Metal
- 8.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The total Mineral Resource for Siviour graphite remains unchanged from the previous year, indicating stability but no growth.
Positive factors
- Total Mineral Resource provides a substantial resource base
Negative factors
- No change from prior estimate
Evidence · table
“123.6”
Context: Total
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (2)
flotationSiviour Project · graphiteRecovery: 96.5 %View all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- 730 tonnes of Siviour ore
Recovery
- Recovery
- 96.5 %
- Recovery Basis
- actual_test
- Conc. Grade
- 96.8
- Conc. Grade Unit
- % Carbon
Lab
- Laboratory
- commercial graphite facility
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Bulk processing of Siviour ore achieved high graphite recovery and concentrate grade, both exceeding definitive feasibility study assumptions, which is a significant positive for the project's economics and de-risking.
Positive factors
- High recovery achieved (96.5%)
- Concentrate grade exceeded DFS assumptions (96.8% vs 95.0%)
- Recovery exceeded DFS assumptions (96.5% vs 95.5%)
- Bulk processing scale (730 tonnes) provides high confidence
Evidence · text
“The program achieved an average concentrate grade of 96.8% Carbon and graphite recovery of 96.5%, exceeding the respective Siviour definitive feasibility study assumptions of 95.0% and 95.5%.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
purification cost studySiviour Project · graphiteView all detailsHide details
Identity
- Project
- Siviour Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- RNU
Test Work
- Program Status
- optimization
- Test Type
- purification cost study
- Processing Route
- HF-free purification
Recovery
- Conc. Grade
- 99.95
- Conc. Grade Unit
- % C
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A purification cost study indicates competitive operating costs for the HF-free PSG process, which is a positive step towards commercial viability and market differentiation for Renascor's battery anode material.
Positive factors
- Purification costs are competitive (US$459/tonne)
- HF-free process offers environmental advantages
- Aims to produce high-purity battery-grade PSG (99.95% C)
Evidence · text
“estimating purification operating costs of approximately US$459 per tonne (2026 dollars), supporting the potential competitiveness of Renascor’s HF-free purification process relative to HF-based purification methods being developed in Western jurisdictions.”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.