As expected RNU has received PEPR approval. This is a major milestone that's taken longer than expected but finally received.

28 November

2022 PEPR Approval for Siviour Graphite Mine and Concentrator

Receipt of key approval paves the way for development of the Siviour Battery Anode Material Project Upstream operation Highlights:

• Renascor is pleased to announce that it has received approval from the South Australian Department of Energy and Mining (DEM) for the Program for Environment Protection and Rehabilitation (PEPR) for its proposed Siviour Mine and Concentrator in South Australia1.

• The PEPR approval permits Renascor to process up to 1.65 million tonnes per annum, which would allow Renascor to produce up to 150,000 tonnes of Graphite Concentrates per year2.

• Approval of the PEPR, which is the second step (following the previous grant of the Siviour Mineral Lease3) in South Australia’s two-stage assessment process, permits Renascor to move forward with the development of the upstream Graphite Mine and Concentrator portion of the Siviour Battery Anode Material Project – a vertically integrated battery anode material manufacturing operation located wholly within South Australia.

• PEPR approval follows a process of extensive stakeholder engagement, independent expert audits and comprehensive studies undertaken to incorporate designs and management plans to comply with conditions outlined in the Siviour Mineral Lease granted in 20194.

• The conditions of the approved PEPR are in line with Renascor’s expectations after a period of consultation with DEM since submission of the PEPR in September 20215. • PEPR approval satisfies a fundamental condition of the Australian Government’s A$185 million loan facility to fund Renascor’s integrated Siviour Battery Anode Material Project6.

https://renascor.com.au/wp-content/uploads/2022/11/20221128-PEPR-Approval-for-Siviour-Graphite-Mine-Concentrator-2479243.pdf

Further milestones expected in 2023 include

-Resource expansion

-Advance to binding offtakes, potential partnerships

-FID

-Construction and Production expected 2024

DISC Is my largest holding in RL and hold in SM

RNU currently in trading halt until Tuesday, advising of an update regarding a Regulatory Approval.

Envisage this to be the overdue PEPR approval.

What is PEPR

A program for environment protection and rehabilitation (PEPR) is an operational document which describes how a miner will undertake mining operations in a practical and specific way. A PEPR approval is supported by a detailed, science-based assessment of its technical contents by South Australian government agencies including the Environment Protection Authority (EPA), the Department for Environment and Water (DEW) and the Department for Energy and Mining (DEM).

The management strategies, monitoring systems and compliance criteria outlined in the Hillside PEPR will enable the achievement of the projects’ environmental outcomes.

Confirmation of “New Mine” status by the South Australian Government enables Renascor to lock in a reduced Royalty Rate for the Siviour Project

Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to announce that it has received confirmation from the South Australian Government Treasury that the Siviour Graphite Project has been classified as a ‘New Mine’ for the purposes of State royalty calculations 1 .

The successful attainment of New Mine status means that the Project will incur a reduced royalty rate of 2% of the net value of the minerals recovered from the Siviour Mine through 30 June 2026, representing a reduction from 3.5% over the initial years of production2 .

Renascor’s 100% owned Siviour Project is on track to become Australia’s first vertically integrated Purified Spherical Graphite production facility3 . With the largest reported Graphite Ore Reserve outside of Africa4 , Renascor is well positioned to become a secure, low-cost supplier of materials critical to the production of electric vehicle batteries and offgrid power storage.

1 See South Australian Government Gazette of 14 January 2021.

2 In the 2018 South Australian State Budget, the reduced royalty for New Mines was discontinued from 1 July 2020. Notwithstanding this discontinuance, Siviour’s classification as a ‘New Mine’ entitles Siviour to the reduced royalty rate through 30 June 2026. See https://energymining.sa.gov.au/minerals/mining/mineral_royalties.