Graphite Concentrate Purities of up to 97.5% TC from Large Scale Pilot Improved Graphite Concentrate purities offer increased efficiencies in downstream Purified Spherical Graphite production

Highlights:

• Large scale pilot trials at an independent commercial graphite production facility have produced bulk quantities of high purity Graphite Concentrates from ore samples from Renascor’s Siviour Graphite Deposit in South Australia.

• The +60 tonne bulk pilot trial is being undertaken to produce large scale samples of Siviour Graphite Concentrates and to test adjustments to the flotation circuit to optimise the production of high purity Graphite Concentrates in the upstream component of Renascor’s planned vertically integrated graphite mine and battery anode material manufacturing operation in South Australia.

• The on-going pilot trials have achieved graphite purities of up to 97.5% total carbon (“TC”) with graphite recovery of 93.2% by adjusting regrind times in the flotation circuit. This compares favourably to Renascor’s previous results from locked cycle tests, which achieved purities of 94.6% TC with graphite recovery of 94.5%1 .

• The increased purity of Siviour Graphite Concentrates, which Renascor plans to use as feedstock in a downstream manufacturing facility to produce Purified Spherical Graphite (“PSG”), offers the potential for increased economic efficiencies in the downstream production of PSG, as less reagents and energy would be required in the downstream purification stage to achieve lithium-ion battery grade purities of +99.95% TC.

• Renascor intends to leverage off the comparatively low OPEX of the planed Siviour Graphite Concentrate operation2 by co-locating a downstream advanced manufacturing facility in Australia to produce low-cost, high-quality, 100% Australian-made PSG with leading ESG3 credentials in the first integrated in-country mine and battery anode material operation outside of China.

• Renascor plans to use the results from the pilot trials to optimise the Graphite Concentrate operation. Graphite Concentrates produced from the pilot will also be used for downstream equipment selection trials and large-scale customer sample testing to support the progression to binding offtake agreements.

Renascor’s HF-Free Technology Achieves 99.99% Purity Results Further Validate Renascor’s Eco-Friendly Purification Process and Leading ESG Credentials Highlights:

• Advanced mineral processing trials of Renascor’s eco-friendly purification process undertaken by leading German independent battery mineral consultancy group Dorfner ANZAPLAN have achieved results of 99.99% Carbon (C) (versus anode industry standard of 99.95% C).

• The current trials, which are being conducted to optimise the purification circuit prior to detailed engineering design for construction of Renascor’s planned Purified Spherical Graphite (“PSG”) manufacturing facility in South Australia, have achieved the highest purity levels to date1 and have also confirmed that Renascor’s purification process can achieve purity that meets or exceeds lithium-ion battery anode specifications.

• Renascor’s purification technique avoids the use of hydrofluoric acid (HF) and instead uses an environmentally friendly and cost-effective method for purification of Renascor’s Siviour natural flake graphite for use in lithium-ion battery anodes.

• Renascor’s HF-free purification process has already been used to produce PSG that meets anode industry quality specifications, including having achieved first stage qualification with two worldclass anode company offtakers that account for up to two-thirds of Renascor’s stage one production2 . Additional purification trials with other potential offtakers are currently underway.

• Renascor intends to use its purification technology to create a competitive advantage in the production of high-quality, 100% Australian-made PSG with leading ESG3 credentials in the first integrated in-country mine and battery anode material operation outside of China. • The results of the current purification trials will be used for detailed engineering design for construction of Renascor’s planned manufacturing facility in South Australia, as well as to support on-going offtake and finance discussions.

Offtake MOU with Leading Japanese Trading Company Non-binding Memorandum of Understanding to supply Purified Spherical Graphite to Hanwa Co., Ltd. Highlights:

• Renascor Resources (ASX: RNU) (“Renascor”) executes non-binding Memorandum of Understanding (“MOU”) with leading Japanese-based global trading company, Hanwa Co., Ltd. (“Hanwa”).

• Hanwa is amongst the largest traders of battery chemicals in the Asian region, with a market capitalization of ¥ 140 billion (A$1.7 billion)1 and reported net sales of more than ¥ 1,700 billion (A$21 billion) in 20202. Hanwa has a long history of trading with some of the world’s largest metal and chemical producers and operates a dedicated Battery Team focussed on supplying graphite and other metals across the global battery value chain.

• The MOU with Hanwa covers the purchase of up to 10,000 tonnes per annum (tpa) of Purified Spherical Graphite (“PSG”) over a term of up to ten years. This represents approximately one-third of the projected initial PSG production capacity of Renascor’s planned Battery Anode Material operation in South Australia.

• Renascor has now achieved potential commitments covering in excess of 100% of Siviour Stage 1 PSG production, after previously executing MOUs and achieving initial product qualification with anode companies Shanxi Minguang New Material Technology Co. Ltd (“Minguang New Material”)3 and Jiangxi Zhengtuo New Energy Technology Co. Ltd. (“Zeto”)4

• Renascor is concurrently progressing additional potential PSG offtake agreements and undertaking PSG validation with other anode and battery companies, with a view to securing additional offtake commitments that may allow for an expanded Stage 1 production capacity and / or enable a further expansion of the project with additional Stage 2 PSG production capacity.

Siviour Battery Anode Material Project -

Update On track to become the world’s first integrated, in-country mine and Purified Spherical Graphite operation outside of China Renascor Resources Limited (ASX: RNU) (“Renascor”) is pleased to provide the following update for its 100%-owned Siviour Battery Anode Material Project (“the Project”) in South Australia. Project Development:

• Recent flotation optimisation testwork shows improved graphite purities and recovery, validating the flowsheet in preparation of detailed engineering design and presenting opportunities for higher plant productivity and lower unit operating costs for the Graphite Concentrate operation.

• Advanced mineral processing trials of Renascor’s eco-friendly, HF-free downstream purification process, which was recently validated in trials by German industrial processing specialists Dorfner Anzaplan1 , continue, with results to be used for detailed engineering design for the construction of Renascor’s downstream Purified Spherical Graphite (”PSG”) manufacturing facility.

• Final Battery Anode Material Manufacturing Facility Site Selection Assessment has commenced to select and acquire the rights to the site for the PSG downstream processing facility. • Regulatory workstreams and approvals are being prepared for the submission of Renascor’s Program for Environmental Protection and Rehabilitation (“PEPR”).

• Stakeholder engagement is progressing well with Letters of Support secured from all levels of government and numerous community and regional groups. Financing Strategy: • Letter of in-principle Support received from the Clean Energy Finance Corporation (“CEFC”), an Australian Government backed clean energy technology financier.

• CEFC in-principle support adds to the in-principle financing support received from Export Finance Australia (“EFA”), and Atradius, the respective export credit agencies of the Australian and Dutch Governments. Offtake and Marketing:

• Offtake process for remaining one-third of Stage 1 PSG progressing well, with Renascor receiving strong interest from leading battery anode makers and global commodity traders. • Customer testing of Siviour PSG is ongoing with a number of leading battery anode material customers for the remaining one-third of Stage 1 PSG. • Negotiation of Binding Offtake Agreements for existing Offtakers is progressing well, with preparation of bulk PSG samples underway.

Renascor’s Eco-Friendly Graphite Purification Technology Achieves Outstanding Results

Renascor’s Purification Process Independently Validated in Germany, Producing Purified Graphite Exceeding Industry Standards Highlights

• Advanced mineral processing trials undertaken by leading German independent battery mineral consultancy group Dorfner Anzaplan confirm suitability of Renascor’s eco-friendly technology to purify graphite to battery anode grade, with results up to 99.98% Carbon (C) (versus anode industry standard of 99.95% C).

• The results follow over five years of mineral processing tests by Renascor that have led Renascor to adapt a proven technique that avoids the use of hydrofluoric (HF) acid to create an environmentally friendly and costeffective method for purification of Renascor’s Siviour natural flake graphite for use in lithium-ion battery anodes.

• Renascor’s HF-free purification technique has already been used to produce Purified Spherical Graphite (PSG) from Siviour Grpahite Concentrates that exceeds anode industry quality specifications, including having achieved first stage qualification with two world-class anode company offtakers that account for up to two-thirds of Renascor’s stage one production1. • Renascor intends to use its HF-free purification technology to create a competitive advantage in the production of high-quality PSG with leading environmental, social and governance (ESG) credentials in the first integrated in-country mine and battery anode material operation outside of China. • The results of the current purification trials will be used for detailed engineering design for construction of Renascor’s planned Stage 1, 28,000tpa PSG manufacturing facility in South Australia, as well as to support on-going offtake and finance discussions. Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to announce the results of independent mineral processing trials undertaken by leading German battery mineral consultancy group Dorfner Analysenzentrum und Anlagenplanungsgesellschaft mbH (Dorfner Anzaplan) that have confirmed the suitability of Renascor’s HF-free technology to purify graphite to battery grade, with results up to 99.98% C (versus anode industry standard of 99.95% C).

Offtake for Over Two-Thirds of Siviour’s Stage 1 Production of Purified Spherical Graphite Has Rapidly Achieved First Stage Product Qualification

Renascor achieves first stage product qualification under its offtake MOU with Zeto, confirming Siviour’s strong market acceptance and enabling progression to binding agreements.

Highlights

• In January 2021, Renascor signed a non-binding Memorandum of Understanding (MOU) with anode company Jiangxi Zhengtuo New Energy Technology Co. Ltd. (Zeto) for the purchase of up to 10,000tpa of Purified Spherical Graphite (PSG) over a ten year term.

• Renascor is pleased to report that it has now achieved first stage product qualification of Siviour PSG with Zeto, with the results enabling the two parties to progress engagement towards binding PSG offtake.

• A total of 20,000tpa of Siviour PSG has now achieved first stage qualification with two world-class offtakers, following initial qualification by Minguang New Material in January 20211.

• Zeto is a top ten anode producer globally, with current anode production capacity of 30,000tpa and an additional 20,000tpa under construction and planned to be in operation by 2022. Zeto is major supplier of natural flake graphite anodes and is active in developing anode technologies, including silicon-carbon anode material.

• Zeto supplies anodes to some of the world’s largest battery makers, such as Hong Kong listed BYD Co. Ltd, the world’s second largest manufacturer and retailer of electric vehicles, with a current market capitalisation of around US$100 billion. • Renascor is extremely pleased with its progress in relation to Stage 1 PSG offtake and is concurrently discussing additional potential PSG offtake agreements and undertaking PSG qualification and validation with other anode and battery companies, with a view to securing binding commitments for its planned 28,000tpa Stage 1 PSG operation.

Investor Update: Renascor Resources: The Next Graphite Producer, with Exciting Gold Upside

? Renascor Resources Limited (ASX: RNU) (“Renascor”) is a ‘Critical Mineral’ project developer and metals explorer with a portfolio of 100%-owned, high-upside assets in key minerals districts in South Australia.

? Siviour Vertically Integrated Battery Anode Material Project: ? Second largest reported Proven Reserve of graphite globally and the largest outside of Africa1.

? Definitive Feasibility Study (“DFS”) confirming low-cost graphite concentrate operation.

? Vertically integrated strategy to manufacture high value Purified Spherical Graphite (“PSG”) from low-cost graphite concentrate feedstock and provide a secure cost-competitive supply of battery anode raw material into the rapidly growing lithium-ion battery market.

? Offtake MOUs signed with two world-leading battery anode companies, covering up to two-thirds of Renascor’s planned PSG production.

? Carnding Gold Project: ? High-grade, near-surface gold prospects in an active and emerging gold province (Central Gawler Craton).

? Coincident magnetic, geochemical and induced polarisation anomaly confirms large, shallow gold target zone for the current 2,000m drilling program.

? Previous drilling results include 7m at 5.14g/t Au from 26m to end of hole (including 2m at 16.42 g/t Au from 30m) and 6m at 4.94g/t Au from 14m.2

? Other significant holdings:

? Maree - Binding farm-in agreement with Rio Tinto Exploration.

? Arno Bay - Graphite, Kaolin, Rare Earths and Base Metals.

? Eastern Eyre - Iron-Oxide Copper-Gold (“IOCG”). ? Olary - Shallow gold near White Dam gold mine.

Ann: Drilling to Commence on Shallow Gold Targets at Soyuz

A reverse circulation drill program of up to 2,000m will commence this week on shallow primary gold targets at Renascor’s Soyuz prospect in South Australia’s Central Gawler Craton.

• Previous drilling at Soyuz (see Figure 1 and Renascor ASX announcement dated 4 August 2020) has intersected shallow gold, with results including: o 7m @ 5.14g/t Au from 26m to end of hole, including 2m @ 16.42 g/t Au from 30m; 1 and o 6m @ 4.94g/t Au from 14m. 2

• The drill program will include testing for high-grade extensions at shallow depth and along-strike from the previous high-grade intersections at Soyuz.

• Drilling will also target potential sulphide-bearing mineralisation approximately 500m along strike of previous Soyuz drilling, where a recent induced polarisation (IP) survey and soil sampling program have identified coincident chargeability and geochemical anomalies at the southern boundary of the north-south orientated Soyuz magnetic high.

• Renascor has received all necessary approvals and a drill rig has been mobilised to site. The drill program is expected to be completed within approximately two weeks.