Renascor Resources
Renascor Resources is an Australian ASX-listed graphite developer building a vertically integrated Battery Anode Material operation at the Siviour project in South Australia, producing graphite concentrate and purified spherical graphite for lithium-ion battery manufacturers using a proprietary HF-free purification flowsheet.
- Company typePublic
- Founded2017
- HeadquartersBrisbane, Australia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Renascor Resources does
Renascor Resources Limited (ASX: RNU, FSE: RU8) is an Australian graphite development company building a vertically integrated Battery Anode Material (BAM) manufacturing operation at its wholly-owned Siviour Graphite Project on South Australia's Eyre Peninsula. The company's core offering is the production of graphite concentrate and downstream purified spherical graphite (PSG) for lithium-ion battery anode manufacturers and EV OEMs. Its proprietary HF-free (hydrofluoric acid-free) purification flowsheet addresses safety and environmental concerns associated with conventional HF-based PSG processing, while vertical integration of upstream mining and downstream PSG manufacturing is designed to simplify supply chains for battery and EV customers relative to buying concentrate and PSG from separate suppliers.
The Siviour deposit holds 16.8Mt at 8.2% total graphitic carbon for 1.4Mt contained graphite, positioning it as the largest graphite reserve outside Africa and the second-largest reported proven reserve globally. Project economics from the August 2023 optimised BAM Study include a post-tax unleveraged NPV of A$1.5 billion, a 26% IRR, projected average annual EBITDA of A$363 million, a 40+ year mine life, and projected gross operating costs of US$1,782/t for PSG and US$405/t for graphite concentrate over the first 10 years. Stage 1 PSG capacity is planned at 28,000 tpa, with upstream capacity to produce up to 150,000 tpa of graphite concentrate.
Renascor's business model centres on direct sales to battery anode manufacturers and EV OEMs through long-term offtake agreements. The company has secured non-binding MoUs with Mitsubishi Chemical, POSCO (20,000-30,000 tpa PSG), Minguang, and Sicona Battery Technologies, and is co-developing next-generation silicon-composite anodes with Sicona. Capital formation has included an A$70 million institutional placement in December 2022 and an A$185 million loan facility from Export Finance Australia in April 2024 under the Australian Government's A$4bn Critical Minerals Facility. The company is pre-revenue, with demo-scale PSG processing using its HF-free flowsheet commencing in June 2026 at its demonstration plant in Adelaide, supported by a 40-year lease on a 20-hectare SA Water site for the downstream BAM facility.
Renascor Resources firmographics
Firmographics- Name
- Renascor Resources
- Legal name
- Renascor Resources Limited
- Website
- https://renascor.com.au
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Renascor Resources is an Australian ASX-listed graphite developer building a vertically integrated Battery Anode Material operation at the Siviour project in South Australia, producing graphite concentrate and purified spherical graphite for lithium-ion battery manufacturers using a proprietary HF-free purification flowsheet.
- Ownership category
- akta.pro rank
Renascor Resources industry classification
Industry- Product category
- Graphite and Battery Anode Materials
- NAICS
- Carbon and Graphite Product Manufacturing (335991), Battery Manufacturing (33591)
- SIC
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC)
- akta.pro secondary industry
- Natural Graphite Mining & Concentrates (IMAKAFAD)
Keywords
Where Renascor Resources is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Renascor Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Graphite Concentrate Sales: Revenue from sale of graphite concentrates produced at the upstream mine and concentrator operation. The project has capacity to produce up to 150,000 tonnes of graphite concentrates per year from processing 1.65 million tonnes per annum.
- Purified Spherical Graphite (PSG) Sales: Revenue from sale of downstream processed battery-grade purified spherical graphite for lithium-ion battery anodes. Stage 1 PSG production capacity of 28,000 tpa with potential for additional staged expansion.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Renascor Resources product offering
Product offeringCore offering
Renascor Resources is developing a vertically integrated Battery Anode Material (BAM) operation at its Siviour Graphite Project in South Australia. The company will produce graphite concentrate from its Siviour mine and concentrator (up to 150,000 tpa capacity) and downstream Purified Spherical Graphite (PSG) using a proprietary HF-free purification flowsheet for use in lithium-ion battery anodes. The integrated mine-to-PSG supply chain targets lithium-ion battery manufacturers, EV producers, and anode material companies with a secure, ESG-compliant, Australian-made graphite supply alternative to China-dominated sources.
Product overview
Renascor Resources operates a vertically integrated Battery Anode Material (BAM) manufacturing operation centered on its Siviour Graphite Project in South Australia. The integrated operation combines upstream mining and graphite concentrate production with downstream Purified Spherical Graphite (PSG) manufacturing to produce battery-grade graphite for lithium-ion battery anodes. The Siviour BAM Project encompasses the mine and concentrator (producing graphite concentrate) and the PSG demonstration plant (producing Purified Spherical Graphite using HF-free purification).
Differentiator
Problem solved
Functional benefit
Brands
- Siviour: Flagship graphite project located on South Australia's Eyre Peninsula - a vertically integrated Battery Anode Material operation
- BAM Project
Products and services
- Graphite Concentrate
- Purified Spherical Graphite (PSG)
Quantifiable outcome
- Post-tax unleveraged NPV of $1.5bn with IRR of 26%
- +3 more outcomes
Companies that use Renascor Resources
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Renascor Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Renascor Resources partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- Mitsubishi ChemicalcoreRenascor signed a non-binding strategic cooperation MOU with Mitsubishi Chemical, Japan's largest chemical corporation and one of the world's largest producers of lithium-ion battery anode materials. The MOU provides for potential purchase of graphite concentrates, purified spherical graphite and other graphite products from Renascor's Siviour BAM project in South Australia.
- SA WatercoreRenascor entered an option-to-lease agreement with SA Water to lease a 20-hectare site for 40 years for the battery anode material manufacturing facility.
- POSCOcoreRenascor entered into a strategic cooperation and offtake MOU with POSCO covering purchase of 20,000-30,000 tpa of PSG from Renascor's planned BAM operation with potential equity investment component.
- Minguang (Shanxi Minguang New Material Technology)coreRenascor signed a non-binding MOU with China-based anode company Minguang to supply battery anode material from the Siviour project.
- Sicona Battery TechnologiesflagshipRenascor signed a non-binding MOU with Sicona Battery Technologies to jointly develop battery anode material using Siviour graphite feed, including testing in high-performance standard-energy graphite anodes and next-generation silicon-composite anode materials.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Renascor Resources competitors and assessment
Company assessmentDirect peers
- Volt Resources: ASX-listed developer of the Bunyu graphite project in Tanzania with downstream battery anode processing plans. Comparable as a development-stage flake graphite-to-anode material developer.
- Syrah Resources: Operates the Balama natural graphite mine in Mozambique and a downstream active anode material (AAM) facility in Louisiana. Closest direct peer to Renascor as an integrated natural graphite concentrate plus battery-grade anode material producer targeting ex-China supply.
- EcoGraf: Australian developer of graphite purification technology (also HF-free EcoGraf HFfree™ process) targeting battery anode manufacturers. Closely comparable proprietary purification flowsheet and downstream PSG positioning.
- Talga Resources: Swedish-Australian graphite developer with the Vittangi anode project and Luleå anode refinery. Directly comparable as a vertically integrated natural graphite anode material company pursuing European battery customers.
- Magnis Energy Technologies: ASX-listed graphite anode technology company with the Nachu project in Tanzania and downstream lithium-ion battery initiatives. Comparable as a vertically oriented graphite anode developer targeting battery customers.
- Black Rock Mining: ASX-listed developer of the Mahenge graphite project in Tanzania, one of the world's largest flake graphite deposits. Comparable as a large-scale, development-stage natural flake graphite concentrate producer.
- Nouveau Monde Graphite: Canadian developer of the Matawinie graphite mine and Bécancour battery anode material plant. Comparable as a vertically integrated natural graphite-to-PSG/AAM developer with ESG positioning similar to Renascor's HF-free flowsheet.
- Triton Minerals: Developer of the Ancuabe graphite project in Mozambique producing high-purity flake graphite concentrate. Comparable as a development-stage natural graphite concentrate producer in Africa.
- Northern Graphite: Canadian graphite producer (Lac des Îles mine) planning downstream battery anode material processing. Comparable as a graphite concentrate plus planned PSG/anode material producer.
Emerging players
- International Graphite: ASX-listed developer focused on downstream graphite micronising and battery anode material production in Western Australia. Comparable as a vertically integrated graphite-to-anode material developer in the Australian ecosystem, though at an earlier stage than Renascor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Renascor Resources social profiles
Digital presenceRenascor Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Renascor Resources leadership team
Management profileNumber of profiles
Profiles1 record
Renascor Resources subsidiaries and ownership
Company hierarchySubsidiaries1 record
Renascor Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Renascor Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Renascor Resources
What does Renascor Resources do?
Renascor Resources is developing a vertically integrated Battery Anode Material (BAM) operation at its Siviour Graphite Project in South Australia. The company will produce graphite concentrate from its Siviour mine and concentrator (up to 150,000 tpa capacity) and downstream Purified Spherical Graphite (PSG) using a proprietary HF-free purification flowsheet for use in lithium-ion battery anodes. The integrated mine-to-PSG supply chain targets lithium-ion battery manufacturers, EV producers, and anode material companies with a secure, ESG-compliant, Australian-made graphite supply alternative to China-dominated sources.
Is Renascor Resources a public or private company?
Renascor Resources is a public company. It is classified as public and is currently operating.
When was Renascor Resources founded?
Renascor Resources was founded in 2017. It employs 11 to 50 people.
Where is Renascor Resources based?
Renascor Resources is headquartered in Brisbane, Australia, in the Oceania region.
How does Renascor Resources make money?
Two revenue lines are on record. Graphite Concentrate Sales are the primary driver. The others are purified Spherical Graphite (PSG) Sales.
Who are Renascor Resources's main competitors?
Direct peers on record are Volt Resources, Syrah Resources, EcoGraf, Talga Resources, Magnis Energy Technologies, Black Rock Mining, Nouveau Monde Graphite, Triton Minerals and Northern Graphite. International Graphite is listed as an emerging player.
Does Renascor Resources have an API?
No public API is recorded for Renascor Resources.
What industry is Renascor Resources in?
Renascor Resources's product category is Graphite and Battery Anode Materials. Its primary akta.pro industry code is EUAFABAC, Anode Materials Manufacturing (Graphite, Silicon, LTO), with a secondary code of IMAKAFAD, Natural Graphite Mining & Concentrates. Its NAICS code is 335991 and its SIC code is 1400.