Renascor Resources (RNU) Q1 2027 TU earnings summary

Executive summary

• Produced battery-grade purified spherical graphite (PSG) at demonstration scale, reaching 99.97% carbon purity using third-party spherical graphite and an integrated HF-free process.

• Flat Hill VTEM survey identified multiple high-priority copper targets; drill planning is underway, while a binding Native Title Mining Agreement enables cultural heritage clearance planning across Marree.

Financial highlights

• Cash and cash equivalents were A$91.466m at 30 September 2026, down from A$94.351m at the quarter start.

• Operating cash outflow was A$685k; investing outflow was A$2.052m, including A$440k exploration and evaluation and A$1.612m other non-current asset payments.

• Interest received was A$482k; development asset costs were A$1.6m and exploration and evaluation costs were A$448k for the quarter.

Outlook and guidance

• Further batch trials with third-party and Siviour graphite are planned to optimise operating parameters and produce prospective customer samples; multi-tonne continuous trials are planned thereafter.

• Feedstock is secured through the March 2027 quarter; additional material is expected for subsequent campaigns, though delays could affect timing beyond March 2027.

• Flat Hill drill testing is in planning; Mulgaria is considered to offer drill-ready near-surface uranium targets, subject to required clearance surveys and approvals.