RNU - GRAPHITE and Lithium OPPORTUNITY

[Aotea]

Might be too late to include in the next comp! It is nice to sit back and enjoy the ride this is currently on over the last few weeks!!!

I suspect the growth curve is going to be sustained for some time.
Will almost certainly be in my 2022 comp picks.

[Ninefingers]

Wow what a month for RNU.
Setup again like Jan21.
Graphite supply deficit.
2nd largest reserve in the world.

[denpal]

Yes, it ticks more boxes than just about anything that I am aware of! Have had the OB's for a while now, and buy more on weakness. Let's hope for continuing milestones being ticked off as we go.

[Nomad]

There'll be a few happy holders after the flurry of the last few days....

[CROESUS U.T.]

It's been a great ride, but when to get off is the question.

[CROESUS U.T.]

2 February 2022
Australian GovernmentConditionallyApproves A$185millionLoan
FacilitytoFund theDevelopment of theSiviour Graphite Project
Highlights:
•Renascoris pleased to announce that the Australian Government, throughExport Finance
Australia (EFA),hasconditionallyapprovedanA$185 millionloan facilityto support the
development of theSiviour Graphite Project in South Australia.
•This loanisapproved undertheAustralian Government’s $2 billionCritical Minerals
Facility, which was established in September 2021 to assistthe development ofAustralian
critical minerals projectsandto secure the vital supplies of resources needed to drive the
new energy economy and support the resources jobs of the future.
•TheSiviour Graphite Project has previously been granted Major Project statusby the
AustralianGovernment,in recognition of itspotentialtocontributeto Australia’sCritical
Mineral StrategyandResource Technology and Critical MineralProcessing National
Manufacturing Priority Roadmap1.
•With the support ofthe Australian Government’s loan facility,Renascoraimsto become a
world leader in the sustainable production of 100% Australian-madeadvancedgraphite
productfor use inthelithium-ion batteriesfuelling the electric vehicle revolution

[Ninefingers]

It's been a great ride, but when to get off is the question.

Not for a while yet

[Aotea]

Not for a while yet

2025 feels about right for 50% of one's holdings.

[denpal]

Unbelievably this is still probably cheap!! The updated DFS due in the near future should be massively more in all the metrics, plus we now have most capex in place. And with the graphite sector likely to follow lithium's in terms of the market realising the magnitude of the shortfall and the pricing implications goodness knows where we'll end up later this year. I wonder whether we'll see 50c or so by the time the PEPR is released plus another burst when the DFS hits the market.

I hold these.

[CROESUS U.T.]

The ride continues - Revenue target $1B +?
"28 March 2022
SiviourBattery Anode Material Project-
ProjectUpdate
Advancing toward final investment decisionfor the world’s first integrated,in-countrymine and PurifiedSpherical Graphiteoperation outside of China Renascor Resources Limited (ASX: RNU) (Renascoror theCompany) is pleased to provide the following update for its 100%-owned Siviour Battery Anode Material Project (theProject) in South Australia.
Project Development:
•Work is progressing onan updated, optimisedBattery Anode Materials Study1(BAM Study), building on previous detailed feasibility work undertaken byRenascorfor theplanned vertically integrated mine and advanced manufacturing operation in SouthAustralia.GR Engineering Services(ASX: GNG)isacting asstudy manager and engineering designer.
•TheoptimisedBAM Study will incorporatematerial improvements to the mineral processing parametersadoptedin the earlier study, includingincreases in spherical graphite milling yields and improvements to both the Graphite Concentrate flotation3and downstream purificationcircuits.As part of the optimised BAM Study, the final operating parameters will be determined.
•TheoptimisedBAM Study is assessing anincrease in Purified Spherical Graphite (PSG) production capacity,as well as additionalstaged expansionsofPSG operations in order to meet projected demand.Studies to date had considered an initial Stage 1 production capacity of28,000tpaPSG.
Financing:
•In February 2022the Australian Government, through Export Finance Australia (EFA),conditionally approved an A$185 million loan facility to support the development of the Project5.
•The Company and EFA aretargeting to conclude formal loan facility and security documentation in mid-2022.
GraphiteMarket and Offtake:
•Purified Spherical Graphite (PSG), which is used in the production of anodes for lithium-ion batteries, is experiencingfurther substantialupward priceimprovement, withFastmarkets reportingPSG prices of US$3,500 to US$3,800 per tonne, a 40% increase over the last six months6and-194mesh (a commonfeedstock for PSG) increasing by 48% to US$830 per tonneover the same period.
•Positive offtake discussionsare continuingwith parties7from Korea, Japan and China, with indicative demand of in excess of 60,000tpa of PSG, far outstripping
proposed Stage 1 production capacity"