RENASCOR RESOURCES LIMITED — Capital/Financing Update 2014

May 4, 2014

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5 May 2014

Dear Shareholder,

On behalf of your Directors, I am pleased to invite you, as a valued Shareholder of Renascor Resources Limited (“Renascor”), to participate in a Share Purchase Plan (“SPP”) announced to the ASX on 22 April 2014.

The SPP is being undertaken in conjunction with a placement to raise a combined amount of up to $1.435 million. The Placement, for which firm commitments have been received, will raise approximately $0.6 million, of which $170,000, or 3,400,000 new shares will be subscribed for by Directors of the Company. The participation of the Directors is subject to Shareholder approval at an extraordinary general meeting expected to be held in early June 2014. The funds will be used by Renascor primarily for drilling and advanced exploration on its Eastern Eyre Project, where Renascor’s recent drilling resulted in a new copper discovery.

Since its initial public offering in 2010, Renascor has maintained an active exploration program focussed on offering material prospects for imminent economic discoveries. We have expanded our commodity focus to include, in particular, copper and other base and precious metals, thus taking advantage of our strong tenement position in South Australia’s key mineral provinces. We have maximised our exploration opportunities by concentrating on accessible, near-surface drill targets in our home state of South Australia and on opportunities to leverage off significant drilling performed by earlier explorers.

Our recent copper discovery at the Eastern Eyre Project represents a significant exploration achievement worthy of immediate follow-up drilling. In our initial reconnaissance drilling in the project area, we intersected high-grade major copper at our 1050 East prospect. We recognize this discovery as a significant exploration achievement, offering material prospects of delineating a significant ore body. We have identified immediate follow-on targets and expect to drill these and adjacent targets during the second quarter. Our tenements also contain significant portions of the controlling fault systems, and we intend to expand our drilling in the coming months to include other high priority targets.

With the funds raised, Renascor intends to accelerate and expand drilling at Eastern Eyre. Our immediate focus will be on targets located along strike from the 1050 East discovery. Prior to the end of the second quarter, we intend to recommence drilling in this area. Within the controlling fault structure for 1050 East, we have additional copper targets that offer additional prospects for locating large-scale copper ore bodies that we also intend to drill.

Page 1 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au info@renascorresources.com.au

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Under the SPP, you have the opportunity to purchase up to $15,000 worth of shares in Renascor at a discounted price. The purchase price offered to shareholders under the SPP will be $0.05, the same price at which shares were offered under the placement. This price represents a discount of 31.5% to the last traded price prior to announcement of the SPP of $0.073 and a discount of 22.3% to the 10 day volume weighted average price (VWAP) as of such date of $0.0644. Shareholders are not required to pay any brokerage, commissions or other transaction costs under the SPP. The Company proposes a maximum raising of approximately $0.85 million under the SPP, comprising the issue of up to approximately 17.0 million new shares.

The SPP will open on 6 May 2014 and is scheduled to close on 27 May 2014.

Key information in respect of the SPP in set out in the enclosed SPP Documents. Please read the enclosed SPP Documents and the accompanying Investor Presentation carefully before deciding whether or not to invest.

If there is any matter on which you require further information, you should consult your stockbroker, accountant of professional advisor.

On behalf of the Directors, I encourage you to consider this investment opportunity carefully and thank you for your ongoing support of Renascor.

Yours sincerely,

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Stephen Bizzell Non-Executive Chairman

Page 2 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au info@renascorresources.com.au

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Renascor Resources Limited - Share Purchase Plan

Important Dates

17 April 2014 at 7.00 pm (AEDT) 5 May 2014 6 May 2014 27 May 2014 at 5.00 pm (AEDT) 30 May 2014

Record Date Documents mailed to Eligible Shareholders Offer Opening Date Offer Closing Date Allotment Date

Important Information

Foreign Jurisdictions

The documents contained in this SPP Booklet (including the SPP Terms and Conditions, Application Form and accompanying documentation) (‘ SPP Documents ’) have been prepared for publication in Australia and New Zealand only and may not be released in other countries.

The SPP Documents do not constitute an offer of shares in any country in which such an offer would be illegal.

No Investment Advice Given

The offer to purchase shares under the SPP is not a recommendation to purchase shares. If you are in any doubt about whether to participate in this SPP, you should seek independent financial and taxation advice which should take into account your specific financial situation and your financial needs and objectives. The SPP documents do not constitute financial product advice, nor are they intended to influence your decision whether or not to participate in the SPP.

Share Price Movements

The market price of Renascor ordinary shares may rise or fall between the date of this offer and the date that the shares are issued to you under the SPP. The effect of these potential price movements is that the price that you pay for ordinary shares under the SPP may be higher or lower than the market price of Renascor ordinary shares at the time that the shares are issued to you under the SPP.

Payment Options

BPAY® facility

You may pay by BPAY®. Payment must be received on or before 5:00pm (AEDT) on 27 May 2014. You are not required to complete and return an Application Form if you pay by BPAY®.

Cheque, bank draft or money order

You may pay by cheque, bank draft or money order. You must complete and return an Application Form if you pay by cheque, bank draft or money order. Your Application Form must be accompanied by your cheque, bank draft or money order and it must be received on or before 5:00pm (AEDT) on 27 May 2014.

Send the Application Form and your cheque, bank draft or money order using the reply paid envelope provided. Alternatively, mail or deliver to the mailing address, or hand delivery address, shown on the Application Form.

Page 3 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au info@renascorresources.com.au

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Frequently asked questions

Q. What is the Share Purchase Plan (SPP) Offer?

A. The SPP offer provides eligible shareholders the opportunity to buy up to A$15,000 worth of new fully paid ordinary shares in Renascor free of brokerage or other transaction costs.

Q. Am I eligible to participate?

A. Eligible shareholders are Australian and New Zealand registered shareholders who held shares on the Record Date of 17 April 2014 at 7.00pm (AEDT).

Q. How do I apply?

A. To apply for new Renascor shares under the SPP, you can use one, or a combination of the following methods:

• BPAY ® : make a BPAY® payment as outlined on the Application Form at Option 1, provided that your financial institution supports BPAY®. If you make a BPAY® payment you are not required to return the Application Form; or

• Cheque, bank draft, money order: complete the Application Form and return it with your cheque, bank draft or money order made payable to “Renascor Resources Limited” as outlined on the Application Form at Option 2.

Special rules apply if you are a custodian (as defined in ASIC Class Order 09/425) and are applying for Shares under the SPP on behalf of one or more beneficiaries. See paragraphs 1(f) and 4 of the Terms and Conditions for further details.

Q. What if I do nothing?

A. Participation in the SPP offer is optional. If you choose to do nothing, you will not participate in the SPP offer to acquire new shares.

Q. How many shares will I receive if I participate in the SPP Offer?

A. You can apply to buy new Renascor shares under the SPP in parcels of A$2,500, A$5,000, A$7,500, A$10,000, A$12,500 or A$15,000 as follows:

Amount (A$)	Number of Shares
$2,500	50,000
$5,000	100,000
$7,500	150,000
$10,000	200,000
$12.500	250,000
$15,000	300,000

Page 4 of 13

ASX Code: RNU

Renascor Resources Limited 36 North Terrace Phone: +61(0)8 83636989 ACN 135 531 341 Kent Town SA 5067 Fax: +61(0)8 83634989

www.renascorresources.com.au info@renascorresources.com.au

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Q. What is the issue price of the shares under the Offer?

A. The purchase price offered to shareholders under the SPP will be $0.05, the same price at which shares were offered under the placement. This price represents a discount of 31.5% to the last traded price prior to announcement of the SPP of $0.073 and a discount of 22.3% to the 10 day VWAP as of such date of $0.0644.

The number of new shares to be issued to each applicant will be calculated by dividing the amount subscribed by you by the issue price of $0.05 per Share, subject to any scaleback.

Q. When does the Offer close?

A. The SPP offer closes at 5.00pm (AEDT) on 27 May 2014.

Q. When will I receive my shares?

A. Renascor expects that new shares issued under the SPP will be allotted on or about 30 May 2014 and that holding statements for new shares issued under the SPP will be dispatched on or about 3 June 2014.

Q. When can I trade allocated shares?

A. Renascor expects that new shares issued will be available for trading on or about 2 June 2014. You should confirm your shareholding after the Allotment Date, before trading any new shares you believe you have acquired under the SPP offer.

Q. Why is there a maximum amount of A$15,000 per shareholder?

A. The offer of shares under the SPP must comply with the conditions of Australian Securities and Investments Commission (ASIC) Class Order 09/425 which permits Renascor shareholders to buy up to A$15,000 of new shares under this SPP, provided that eligible shareholders may only buy a maximum of A$15,000 of new Renascor shares under a share purchase plan within 12 months. See paragraphs 1(d) to (f) of the Terms and Conditions for further details.

Q. How will Renascor use the funds raised through the SPP Offer?

A. Renascor intends to use the funds raised through the SPP offer and the placement to accelerate drilling and other exploration activities at the Company’s Eastern Eyre Project following the recent copper discovery at the 1050 East prospect and for additional working capital. For further details please refer to the attached investor presentation.

Q. Are there any broker or stamping fees payable?

A. A stamping fee of 1.5% (plus GST) of the value of new shares issued under the SPP (‘ Broker Stamping Fee ’) will be paid by Renascor to stockbrokers (being those entities recognised as full service brokers or nonadvisory brokers by ASX) who submit a valid claim for a Broker Stamping Fee on successful applications. If Renascor undertakes a scale back or otherwise issues a lesser number of new shares than applied for, the Broker Stamping Fee will only be payable on the value of the shares issued.

Page 5 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au info@renascorresources.com.au

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RENASCOR RESOURCES LIMITED SHARE PURCHASE PLAN 2014

Terms and Conditions

WARNING

The Shares the subject of this Offer are not being offered to the public within New Zealand other than to existing shareholders of the Company with registered addresses in New Zealand to whom the offer of these securities is being made in reliance on the Securities Act (Overseas Companies) Exemption Notice 2013 (New Zealand).

This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Securities Act 1978 (New Zealand). This document is not an investment statement or prospectus under New Zealand law and is not required to, and may not, contain all the information that an investment statement or prospectus under New Zealand law is required to contain.

The contents of this document have not been reviewed by any regulatory authority in any jurisdiction. Please read this document carefully before you make a decision to invest. If you are in any doubt about the contents of this document, you should obtain independent professional advice.

1. Eligible Shareholders

(a) Subject to paragraphs 1(b) - 1(g) all persons registered as holders of fully paid ordinary shares (‘ Shares ’) of Renascor Resources Limited (ACN 135 531 341) (‘ Renascor ’ or the ‘Company’ ) as at 7:00pm (AEDT) on 17 April 2014 (‘ Record Date ’), whose address in the share register of Renascor is in Australia, New Zealand or another jurisdiction where in the opinion of the Directors, it is lawful and reasonably practical for Renascor to issue Shares under the Offer (‘ Eligible Shareholders ’) may participate in the Share Purchase Plan (‘ SPP ’).

(b) The Offer does not constitute an offer in any jurisdiction in which, or to any person to whom, it would not be lawful to make such an Offer.

(c) Directors and Employees of Renascor, as Eligible Shareholders, may participate in the SPP. The Company obtained an ASX waiver with respect to compliance with Listing Rule 10.11. As such, related parties of the Company (including the Directors), if Eligible Shareholders, may participate in the SPP on the same terms as all other Eligible Shareholders without the Company having to obtain Shareholder approval.

(d) If a shareholder is the only registered holder of a holding of Shares, but they receive more than one offer under the SPP (for example, due to multiple registered holdings), they may only apply in aggregate for a maximum of $15,000 worth of Shares.

(e) If a shareholder is recorded on the register as holding Shares jointly with another person, the joint holding is deemed to be a single registered holding for the purpose of determining whether the shareholder is an Eligible Shareholder and the joint holders are entitled to participate in the SPP in respect of that single holding only. If the same joint holders receive more than one offer under the SPP due to multiple identical holdings, the joint holders may only apply in aggregate for a maximum of $15,000 worth of Shares.

(f) Eligible Shareholders who are Custodians may participate in the SPP on behalf of:

• a person, who is not a Custodian, on whose behalf the Custodian is holding Shares; and

• a person that another Custodian (‘ Downstream Custodian ’) holds the beneficial interest in Shares on behalf of and that the Custodian holds the shares to which those beneficial interests relate on behalf of the Downstream Custodian or another Custodian,

(each a ‘ Participating Beneficiary ’).

Page 6 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au info@renascorresources.com.au

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If a shareholder is a Custodian and hold Shares on behalf of one or more Participating Beneficiaries, they may apply for a maximum of $15,000 worth of Shares for each Participating Beneficiary subject to providing the Company with a Custodian Certificate – see paragraph 4 – which must be received before 5.00pm on the Closing Date in addition to the Application Form.

If shareholders hold Shares as a trustee or nominee for another person, but is not a Custodian as defined below, they cannot participate for beneficiaries in the manner described above. In this case, the rules for multiple single holders (as above) will apply.

If you hold Shares as a Custodian for joint holders:

• the $15,000 limit applies jointly in relation to those persons as if the Custodian holds the Shares on behalf of a single person; and

• the Custodian has received instructions of this kind in accordance with the terms on which the Shares are held or where the terms on which the Shares are held do not cover the giving of instructions of this kind - the Custodian has received such an instruction from any of those persons.

If a shareholder is a Custodian and wishes to make an application under the SPP, obtain a Custodian Certificate or would like further information on how to apply, they should contact Renascor’s Share Registry, Link Market Services Limited, 1300 653 497 (toll free within Australia) or +61 1300 653 497 (outside Australia).

(g) If you are an Eligible Shareholder, your rights under this offer are personal to you and are nonrenounceable, which means you cannot transfer your rights to another person.

2. Applying for Shares

(a) Participation in the SPP is entirely at the discretion of Eligible Shareholders and is subject to these Terms and Conditions. Eligible Shareholders may apply to purchase a parcel of Shares in amounts of either A$2,500 A$5,000, A$7,500, A$10,000, A$12,500 or A$15,000 in response to the Offer. (‘ Subscription Amounts ’).

(b) Eligible Shareholders who wish to participate in the SPP must follow the instructions on the Application Form and use one or a combination of the following methods to pay for the new Renascor shares you subscribe for:

• complete the Application Form and provide a cheque, bank draft or money order made payable to “Renascor Resources Limited” as directed on the Application Form; or

• make payment by BPAY® in an amount equal to the dollar value of Shares for which you wish to apply, so that it is received on or before 5.00pm (AEDT) on 27 May 2014 as directed on the Application Form.

(c) If you make a payment that is not equivalent to a Subscription Amount, Renascor will round down the value of Shares that you apply for to the next lowest Subscription Amount and refund any application monies (without interest) which are not used to purchase Shares, following allotment.

(d) If you make a payment that is less than A$2,500 Renascor may reject your application and refund your application monies (without interest) following allotment of Shares under the SPP.

(e) If you apply for Shares under the SPP in a Subscription Amount, the number of Shares that you apply for will be calculated by dividing the relevant Subscription Amount by the Issue Price.

Page 7 of 13

ASX Code: RNU

Renascor Resources Limited 36 North Terrace Phone: +61(0)8 83636989 ACN 135 531 341 Kent Town SA 5067 Fax: +61(0)8 83634989

www.renascorresources.com.au info@renascorresources.com.au

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(f) Renascor may accept or reject an application for Shares under the SPP (in whole or in part) in its absolute discretion; including (without limitation) if:

• Renascor considers that the application is not made in accordance with or the applicant has not complied with these Terms and Conditions.

• an Application Form is not correctly completed;

• the applicant is not an Eligible Shareholder;

• the issue of those Shares would contravene any law or the Listing Rules or the waiver granted by ASX to the Company on 30 April 2014;

• the exact payment for the Shares applied for is not received;

• to accept the application in full would have the effect of exceeding the maximum offer of Shares under the SPP;

it is not reasonably satisfied that the issue of those Shares will not result in any person receiving Shares with an application price totalling more than $15,000 as a result of:

• Shares issued to the person or to a Custodian on that person’s behalf (as a result of an instruction given by that person to the Custodian or another Custodian to apply for Shares on their behalf) under the SPP; and

• any other Shares issued to the person or to a Custodian on that person’s behalf (as a result of an instruction given by that person to the Custodian or another Custodian to apply for Shares on their behalf) under an arrangement similar to the SPP operated by Renascor in the 12 months prior to the Allotment Date,

except to the extent that the person is issued with shares or interests as a Custodian under a custodian offer; or

• the applicant is a Custodian and has failed to provide Renascor with a Custodian Certificate.

(g) The Board reserves the right to allocate fewer, or no, Shares than an Eligible Shareholder applies for under the SPP, including, without limitation, in the event that the SPP is oversubscribed at its sole discretion. In such case excess Application Amounts will be returned to the relevant applicant(s) and no interest will be paid on the Application Amounts so returned.

(h) If there is a consolidation or re-organisation of the issued share capital of Renascor prior to the Closing Date, the maximum number of Shares to be issued pursuant to and in accordance with the SPP shall be consolidated in the same ratio as the issued capital of Renascor.

3. Effect of Making an Application

If you submit a BPAY® payment or complete and return an application for Shares under the SPP by way of a method outlined on the Application Form:

• you acknowledge and represent that you are an Eligible Shareholder;

• you acknowledge that you have read, understood and agree to these Terms and Conditions;

• you acknowledge that your application is irrevocable and unconditional;

• you agree to be bound by the terms of the Company’s constitution in respect of any Shares which may be issued to you under this SPP;

Page 8 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au info@renascorresources.com.au

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• (you represent and certify to Renascor that (if you are not applying as a Custodian) you have not applied for more than $15,000 of Shares in aggregate as follows:

• any Shares under the SPP the subject of the application;

• any other Shares under the SPP or any similar arrangement in the 12 months before an application under this SPP;

• any other Shares which you have instructed a Custodian to apply for or acquire on your behalf under the SPP; and

• any other Shares issued to a Custodian in the 12 months before the application as a result of any instruction given by either you or another Custodian to the Custodian to apply for Shares on your behalf under an arrangement similar to the SPP which resulted in you holding a beneficial interest in the Shares;

(f) if you are a Custodian applying for Shares under the SPP on behalf of more than one beneficiary, you certify the matters contained in the ‘Custodian Certificate’; and

(g) you acknowledge that the Shares have not, and will not be, registered under the securities law of any state or other jurisdiction outside Australia, New Zealand or another jurisdiction where in the opinion of the Directors, it is lawful and reasonably practical for Renascor to issue Shares under the Offer.

4. Applications by Custodians

Custodians wishing to apply on behalf of one or more Participating Beneficiaries need to provide a Custodian Certificate which complies with the requirements of the Class Order to the Company which must be received by 5.00pm on the Closing Date in addition to the Application Form. Custodians should have received a Custodian Certificate with these Terms and Conditions. If you are a Custodian and you did not receive a Custodian Certificate or would like further information on how to apply, please contact Renascor’s share registry, Link Market Services 1300 653 497 (toll free within Australia) or +61 1300 653 497 (outside Australia).

If you are a Custodian, by submitting a BPAY® payment or completing and returning an application for Shares under the SPP by way of a method outlined on the Application Form you represent and certify to Renascor that:

• you are a Custodian as defined in the Class Order;

• as at the Record Date, either:

• you hold Shares on behalf of one or more Participating Beneficiaries directly that are not Custodians and the Participating Beneficiaries have instructed you to apply for Shares on their behalf under the SPP; or

• a Downstream Custodian holds a beneficial interest in Shares on behalf of one or more Participating Beneficiaries and you hold the Shares to which the beneficial interest relates on behalf of the Downstream Custodian or another Custodian (‘ Downstream Holding ’) and the Downstream Custodian has been instructed by the Participating Beneficiary to apply for shares on their behalf under the SPP;

• there are no Participating Beneficiaries in respect of which the total of the application price for the following exceeds $15,000:

• the Shares applied for by you as Custodian on their behalf under the SPP in accordance with instructions referred to in the paragraph above; and

• any other Shares issued to you as Custodian in the 12 months prior to the date of submission of the Application Form as a result of an instruction given by them to you as Custodian, or to the Downstream Custodian as the case may be, to apply for Shares under an arrangement similar to the SPP operated by Renascor; and

Page 9 of 13

ASX Code: RNU

Renascor Resources Limited 36 North Terrace Phone: +61(0)8 83636989 ACN 135 531 341 Kent Town SA 5067 Fax: +61(0)8 83634989

www.renascorresources.com.au

info@renascorresources.com.au

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• a copy of the written Offer documents (including the Terms and Conditions) have been given to each Participating Beneficiary.

In the Custodian Certificate the Custodian must also represent and certify to Renascor:

• the number of Participating Beneficiaries;

• the name and address of each Participating Beneficiary for whom the Custodian applies for Shares;

• in respect of each Participating Beneficiary, either:

• the number of Shares that the Custodian holds on their behalf; or

• in the case of a Downstream Holding, the number of Shares to which the beneficial interest relates;

• in respect of each Participating Beneficiary, either:

• the number or the dollar amount of Shares the Participating Beneficiary has instructed the Custodian to apply for on their behalf; or

• in the case of a Downstream Holdings, the number or the dollar amount of Shares the Participating Beneficiary has instructed the Downstream Custodian to apply for on their behalf; and

• in the event of a Downstream Holding, the name and address of each Custodian who holds beneficial interests in Shares in relation to each Participating Beneficiary.

5. Issue Price of the Shares

(a) The purchase price of the shares under this SPP Offer to shareholders will be $0.05 (‘Issue Price’) which is the same as the placement price. The Issue Price of $0.05 represents a discount of approximately 31.5% to the last closing price of Renascor shares on the ASX immediately prior to the date of announcement of the SPP and a discount of approximately 22.3% to the Average Market Price (over the last 5 days on which trading in Renascor’s Shares were recorded prior to the date of announcement of the SPP).

(b) You acknowledge that the Shares are a speculative investment and that the market price of Shares may rise or fall between the date of this offer and the date that the Shares are allotted to you under the SPP. Therefore, the Issue Price which you pay for Shares under the SPP may exceed the market price of Shares on the date that shares are allotted to you under the SPP. The Company does not make any assurance as to the market price of Shares and there can be no certainty that Shares in the Company will trade at or above the Issue Price following the Allotment Date. Shareholders should seek their own financial advice in relation to this Offer and participation in the SPP.

(c) Shares issued under the SPP will rank equally in all respects with existing Shares quoted on the ASX and Renascor will apply for Shares issued under the SPP to be quoted on the ASX.

6. Scaleback

(a) The Directors reserve the right to issue to Eligible Shareholders such number of Shares under the SPP as is permitted pursuant to the Listing Rules without shareholder approval. Without limitation to any other matter set out in the Terms and Conditions if the total amount raised exceeds approximately $0.85 million Renascor has the right in its absolute discretion and to the extent and in the manner it sees fit, to scaleback applications by allocating to you less than the number of Shares that you applied for.

Page 10 of 13

ASX Code: RNU

Renascor Resources Limited 36 North Terrace Phone: +61(0)8 83636989 ACN 135 531 341 Kent Town SA 5067 Fax: +61(0)8 83634989

www.renascorresources.com.au info@renascorresources.com.au

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(b) The allocation of Shares and any scale back methodology will be determined by the Board at its sole discretion and any determination by the Directors as to scale back shall be final and binding on all applicants.

(c) If Renascor scales back applications in accordance with this paragraph 5, Renascor will refund any excess application monies (without interest) to Eligible Shareholder’s whose applications are affected by the scaleback, as soon as practicable after allotment of Shares under the SPP.

7. Additional issue

In the event that the Offer under the SPP is not fully subscribed, the Board reserves its right to issue Shares in excess of the maximum $15,000 worth of Shares specified in paragraphs 1(d) – (f) (‘ Additional Issue ’), to any person (whether or not such person is an Eligible Shareholder) so long as the Additional Issue:

• satisfies section 708 of the Corporations Act; and

• any approval of Shareholders to the Additional Issue which is required under the Listing Rules or the Corporations Act is obtained.

8. Costs of Participation

No brokerage, commissions or other transaction costs will be payable by Eligible Shareholders in respect of the application for, and allotment of, Shares under the SPP.

9. Timetable

The timetable for the dates associated with the SPP (‘ Timetable ’) is outlined in the paragraphs below and Renascor reserves the right in its absolute discretion to change any of the dates outlined below without further notification:

• Record Date: 17 April 2014 at 7.00pm (AEDT) - Opening Date: 6 May 2014 - Closing Date: 27 May 2014 at 5.00pm (AEDT) - Allotment Date: 30 May 2014

10. Dispute Resolution

Renascor has the right to make a determination in respect of any disputes or difficulties that may arise in connection with the SPP. Any determination made by Renascor is final and binding on all Eligible Shareholders and any additional parties to whom the determination relates.

11. Waiver, Amendment, Suspension and Withdrawal

Renascor may, in its discretion, waive compliance with any provision of these Terms and Conditions, amend or vary these Terms and Conditions, or suspend or withdraw this offer at any time.

12. Governing Law

These Terms and Conditions are governed by the laws in force in Queensland, Australia.

13. Non-resident Shareholders

The right to participate in this Offer under the SPP is available exclusively to persons who were registered as holders of fully paid Shares in the Company on the Record Date and whose registered address was in Australia or New Zealand or in any other jurisdiction where, in the opinion of the Directors of the Company, it is lawful and reasonably practical for the Company to offer and issue Shares under this SPP.

Page 11 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au info@renascorresources.com.au

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Eligible Shareholders who are not residents of Australia should consult their professional advisers as to whether any formalities need to be observed (either by them or the Company) to enable them to apply for Shares. It is the responsibility of such Eligible Shareholders to obtain all necessary approvals so they may legally apply for Shares. The return of a completed Application Form and accompanying Application Amount, or the forwarding of payment of the Application Amount using BPAY from a non-resident Eligible Shareholder will be taken by the Company to constitute a representation and warranty by that Eligible Shareholder that all relevant approvals have been obtained and that the Company may legally offer and issue the Shares to that Eligible Shareholder.

The contents of this document have not been reviewed by any regulatory authority in any jurisdiction.

The Shares are not being offered or sold to the public within New Zealand other than to existing shareholders of the Company with registered addresses in New Zealand to whom the offer of these securities is being made in reliance on the Securities Act (Overseas Companies) Exemption Notice 2013 (New Zealand).

This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Securities Act 1978 (New Zealand). This document is not an investment statement or prospectus under New Zealand law and is not required to, and may not, contain all the information that an investment statement or prospectus under New Zealand law is required to contain.

14. Other Terms and Conditions

By accepting the offer to acquire shares under the SPP, Shareholders will be bound by Renascor’s constitution and these Terms and Conditions.

The Offer of Shares under the SPP is in accordance with the Class Order which grants relief from the requirement to prepare a disclosure document for this Offer and in accordance with the Listing Rules and the waiver granted by the ASX to the Company on 30 April 2014. The requirements of the Class Order are incorporated into this SPP.

15. Definitions

In this SPP, unless the context otherwise indicates or the term is otherwise defined in the Terms and Conditions:

Allotment Date	means 30 May 2014
Application Amount	means the total amount payable by an Eligible Shareholder who applies for Shares under the SPP based on the Issue Price for the total number of Shares applied for by that Eligible Shareholder.
Application Form	means the application form accompanying these Terms and Conditions
ASIC	means the Australian Securities and Investments Commission
Average Market Price	means the average of the market price (as defined by the Listing Rules) for Shares calculated over the last 5 days on which sales in Shares were recorded before the day on which the SPP was announced.
Board	means the board of directors of the Company from time to time
Class Order	means ASIC Class Order 09/425 dated 15 June 2009 as amended or supplemented from time to time.
Closing Date	means 5.00pm (AEDT) on 27 May 2014
Corporations Act	means the Corporations Act 2001 (Cth) as amended from time to time.
Custodian	means a person:

Page 12 of 13

ASX Code: RNU

36 North Terrace Phone: +61(0)8 83636989 Kent Town SA 5067 Fax: +61(0)8 83634989

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au

info@renascorresources.com.au

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	• that holds an Australian financial services licence that: – covers the provision of a custodial or depository service (as defined in section 766E of the Corporations Act); or – covers the operation of an IDPS (as defined in ASIC Class Order [CO 13/763]); or • is exempt under: – paragraphs 7.6.01(1)(k) or 7.6.01(1)(na) of the_Corporations Regulations_ 2001(Cth); or – ASIC Class Order [CO 05/1270] to the extent that it relates to ASIC Class Order [CO 03/184]; or – ASIC Class Orders [CO 03/1099], [CO 03/1100], [CO 03/1101], [CO 03/1102], [CO 04/829] or [CO 04/1313]; or – An individual instrument of relief granted by ASIC to the person in terms similar to one of the class orders referred to in the above paragraph; or – Paragraph 911A(2)(h) of the Corporations Act; from the requirement to hold an Australian financial services licence for the provision of a custodial or depository service; or • that is a trustee of a: – self-managed superannuation fund; or – superannuation master trust; or • that is the responsible entity of an IDPS-like scheme; or • that is the registered holder of shares or interests in the class and is noted on the register of members of the body or scheme (as the case may be) as holding the shares or interests on account of another person.
Custodian Certificate	means the certification required to be given by a Custodian to the Company pursuant to paragraph 4 of the Terms and Conditions
Directors	means the directors of the Company from time to time
Eligible Shareholders	means those persons registered as holders of Shares as at the Record Date, whose address in the share register of Renascor is in Australia, New Zealand or another jurisdiction where in the opinion of the Directors, it is lawful and reasonably practical for Renascor to issue Shares under the Offer
Issue Price	$0.05
Listing Rules	means the official listing rules of the ASX (as amended from time to time)
Offer	means the offer of Shares pursuant to the SPP
Opening Date	means 6 May 2014
Record Date	means 7.00pm (AEDT) on 17 April 2014
Renascor or Company	means Renascor Resources Limited ACN 135 531 341
Shares	means ordinary fully paid shares in the issued capital of Renascor
SPP	means the Renascor Resources Limited ACN 135 531 341 Share Purchase Plan approved by the Board
Terms and Conditions	means the terms and conditions set out in this document

ASX Code: RNU

Page 13 of 13

Phone: +61(0)8 83636989 Fax: +61(0)8 83634989

36 North Terrace Kent Town SA 5067

Renascor Resources Limited ACN 135 531 341

www.renascorresources.com.au

info@renascorresources.com.au

All Registry communications to: Link Market Services Limited Locked Bag A14 Sydney South NSW 1235 Australia Telephone: +61 1300 554 474 ASX Code: RNU Website: www.linkmarketservices.com.au

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ABN 90 135 531 341

SRN/HIN:

Entitlement Number:

Record Date: 7:00pm (AEST) 17 April 2014 Offer Opens: 6 May 2014 Issue Price per Share: A$0.05

Offer Closes 5:00pm (AEST): 27 May 2014

SHARE PURCHASE PLAN (“SPP”) APPLICATION FORM

How do I apply for Shares under this offer?

[[®]] .

[[®]] need to complete or return the Application slip Bpaypay[[®]] , you A$5,000, A$7,500, A$10,000, A$12,500 or A$15,000.

[[®]] and Renascor Resources Limited receives an Biller Code: 137018 Ref: pay[[®]] be for a minimum of A$2,500.

• Carefully read the SPP Terms and Conditions accompanying this Application Form.

• Decide on the amount you wish to apply for.

• Pay for the Shares in accordance with the instructions outlined in the SPP Terms and Conditions Booklet and further important instructions on the reverse of this Application Form.

• Pay the Application Amount for the Shares.

• Option 1: Paying by Bpay[[®]] .

• Option 2: Paying by Cheque, Bank Draft or Money Order.

• Payments must be in Australian dollars.

PAYMENT OPTIONS

Option 1: Paying by Bpay[[®]]

Option 2: Paying by Cheque, Bank Draft or Money Order If paying by cheque, bank draft or money order, complete and return the Application slip attached to this Application Form with your Application Amount which must be received by the registry by 5:00pm (AEST) on 27 May 2014. A. Tick the box beside the amount you wish to apply for, either A$2,500, A$5,000, A$7,500, A$10,000, A$12,500 or A$15,000.

If paying by Bpay[®] , you do NOT need to complete or return the Application slip attached to this Application Form below. Payment must be received by the Registry by Bpay[®] by 5:00pm (AEST) on 27 May 2014. By paying by Bpaypay[[®]] , you will be deemed to have completed an Application Form for the number of Shares the subject of your Application Amount.

If you make a payment by Bpay[[®]] and Renascor Resources Limited receives an amount which is not equal to either A$2,500, A$5,000, A$7,500, A$10,000, A$12,500 or A$15,000, Renascor Resources Limited may round down the number of Shares that you are applying for to the next lowest parcel at their discretion. Your payment must be for a minimum of A$2,500.

• B. Enter your cheque, bank draft or money order details. The amount of your Application Amount should be equal to the amount applied for in section A of the Application slip. Cheques, bank drafts or money orders must be drawn on an Australian branch of a financial institution in Australian currency, made payable to “Renascor Resources Limited” and crossed “Not Negotiable”. Please ensure sufficient cleared funds are held in your account, as your cheque will be banked as soon as it is received. If you provide a cheque, bank draft or money order for an amount that is not equal to either A$2,500, A$5,000, A$7,500, A$10,000, A$12,500 or A$15,000, Renascor Resources Limited may round down the number of Shares that you are applying for to the next lowest parcel at their discretion. Your payment must be for a minimum of A$2,500.

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Telephone & Internet Banking – Bpay[[®]]

Contact your bank or financial institution to make this payment from your cheque, savings, debit or transaction account. More info: www.bpay.com.au

• C. Enter your contact telephone number at which we may contact you regarding your application for Shares, if necessary.

® Registered to Bpay Pty Ltd ABN 69 079 137 518

THIS IS A PERSONALISED FORM FOR THE SOLE USE OF THE SHAREHOLDER AND HOLDING RECORDED ABOVE.

Please detach and enclose with payment

A	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	I/we wish to purchase a parcel of Shares to the dollar amount of(tick one box only): Please detach and enclose with paym	ent	SRN/HIN: Entitlement Number: *9999999	SRN/HIN: Entitlement Number: *9999999	SRN/HIN: Entitlement Number: *9999999	SRN/HIN: Entitlement Number: *9999999	SRN/HIN: Entitlement Number: *9999999	SRN/HIN: Entitlement Number: *9999999
		50,000 Shares		100,000 Shares		150,000 Shares				200,000 Shares		250,000 Shares				300,000 Shares
		A$2,500OR		A$5,000OR		A$7,500		OR		A$10,000	OR	A$12,500	OR			A$15,000
B	Make your cheque, bank draft or money order payable to						“Renascor Resources Limited” and crossed “Not Negotiable”
Drawer				Cheque Number			BSB Number			Account Number			Amount of Cheque
														A$		.00
C	Telephone Number – Business Hours Telephone Number – After Hours									Contact Name
(		)			( )

IMPORTANT INFORMATION

1. This is an important document which requires your immediate attention. If you are in any doubt as to how to deal with this Application Form, please consult a professional adviser.

2. If you do not wish to purchase additional Shares under this SPP, there is no need to take action.

3. Please ensure you have read and understood the SPP Terms and Conditions and this Important Information, before you pay the Application Amount by Bpay[®] or you submit your Application slip with your Application Amount.

4. This SPP is non-renounceable. Applications can only be accepted in the name printed on the Application Form.

5. If you are a custodian, trustee or nominee within the definition of “custodian” in ASIC Class Order [CO 09/425] you must complete and submit an additional Custodian Certificate that contains additional certifications and details that must be provided (“the Custodian Certificate”) before your application will be received. The Custodian Certificate can be obtained by contacting the Renascor Resources Limited SPP Offer Information Line. Application Forms received by custodians that are not accompanied by the Custodian Certificate will be rejected.

6. For applicants that are not required to complete the Custodian Certificate, by submitting the Application slip (with a cheque, bank draft or money order) or making payment by Bpay[®] , you certify that the aggregate of the Application Amount paid by you for:

• the parcel of Shares indicated on this Application Form or Bpay[®] payment;

[[®]] does not exceed A$15,000; Bpaypay[[®]]

• any other Shares applied for by you, or which you have instructed a Custodian to apply for or acquire on your behalf or to have another Custodian apply for or acquire on your behalf under the SPP or any other similar arrangement in the 12 months prior to the date of submission of the Application slip or payment by Bpay[[®]] does not exceed A$15,000;

• any other Shares issued to a Custodian in the 12 months prior to the date of submission of the Application slip or payment by Bpay[®] as a result of any instruction given by either you or another Custodian to the Custodian to apply for Shares on your behalf under an arrangement similar to the SPP which resulted in you holding a beneficial interest in the Shares;

• by submitting the Application slip (with a cheque, bank draft or money order) or making payment by Bpaypay[[®]] , you agree to be bound by the Constitution of Renascor Resources Limited and you agree that such submission or payment constitutes an irrevocable offer by you to subscribe for Shares on the terms of the SPP; and

• Renascor Resources Limited may make determinations in any manner it thinks fit, in relation to any matters which may arise in connection with the SPP whether generally or in relation to any participant or application. Any determinations by Renascor Resources Limited will be conclusive and binding on all Eligible Shareholders and other persons to whom the determination relates. Renascor Resources Limited reserves the right to waive strict compliance with any provision of the terms and conditions of the SPP, to amend or vary those terms and conditions (including any dates) or to suspend or terminate the SPP at any time. Any such amendment, suspension or termination will be binding on all Eligible Shareholders even where Renascor Resources Limited does not notify you of that event.

• Renascor Resources Limited reserves the right to make amendments to this Application Form where appropriate.

• Applicants are not assured of receiving the Shares for which they have applied as Renascor Resources Limited may scaleback applications in its discretion.

How to Lodge your Application slip and Application Amount

A reply paid envelope is enclosed for you to return your Application slip and Application Amount. No postage stamp is required if it is posted in Australia.

Application slip and the payment of the Application Amount for Shares must be received by the Registry no later than the closing date shown overleaf. If paying by Bpay[®] you do not need to complete or return the Application Form. You should check the processing cut off-time for Bpay[®] transactions with your bank, credit union or building society to ensure your payment will be received by the Registry by the close of the offer.

Mailing Address	or	Hand Delivery
Renascor Resources Limited		Renascor Resources Limited
C/- Link Market Services Limited		C/- Link Market Services Limited
Locked Bag 3415		1A Homebush Bay Drive
Brisbane QLD 4001		Rhodes NSW 2138(Please do not use this address for mailing purposes)

Make sure you send your Application slip and Application Amount allowing enough time for mail delivery, so Link Market Services Limited receives them no later than 5:00pm (AEST) on 27 May 2014. Please ensure sufficient cleared funds are held in your account, as your cheque will be banked as soon as it is received. Renascor Resources Limited reserves the right not to process any Application slips and Application Amounts received after the Closing Date.

If you require information on how to complete this Application slip please contact the Renascor Resources Limited SPP Offer Information Line on 1300 653 497 if calling within Australia or +61 1300 653 497 if calling from outside of Australia.

Renascor Resources Limited

ASX code: RNU

Capital Raising Presentation New Discovery in the Olympic Dam Copper Belt April 2014

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Renascor Resources

1

Important notice

Forward Looking Statements

This Presentation may include statements that could be deemed “forward-looking” statements. Although Renascor Resources Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or may not take place at all. No Offer to Sell or Invitation to Buy

This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction.

Disclaimer

Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from this Presentation

Competent Persons Statement

The exploration results in this Presentation, insofar as they relate to mineralisation, are based on information compiled by Mr G. W. McConachy (fellow of the Australasian institute of Mining and Metallurgy) who is a director of the Company. Mr McConachy has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a competent person as defined by the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC code, 2012 edition). Mr McConachy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Renascor Resources

2

Investment summary

==> picture [127 x 65] intentionally omitted <==

New Copper Discovery

• High-grade mineralised system adjacent to untested fault zone

• Discovered in first target drilled – 1050 East prospect

• Potential for large-scale, near-surface copper resource

• 13m at 1.45% Cu, 66 ppm Ag and 0.17% Co (from 215m) (EEDD012)

==> picture [126 x 66] intentionally omitted <==

Dominant Ground Position

• +1,500 km[2] in Olympic Dam copper belt, South Australia

• Angle Dam and Roopena faults – each 40km to 50km largely untested

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Management Success in Target Region

• Strongly credentialed management with considerable experience

• Previous roles in South Australia

• Discoveries: Four Mile uranium and Carrapateena IOCGU

• Management of Heathgate (Beverley uranium mine)

==> picture [123 x 55] intentionally omitted <==

Major Follow-up Drill Targets

• Immediate drilling for shallow extensions to high-grade intersections

• Diamond drilling for high-grade massive sulphides

Renascor Resources

3

Corporate profile

• ASX code RNU

• • Shares on issue 114.8m

• • Options 6.2m[(1) ]

• • Cash (31 Mar 14) ~$1.0m

• • Share price (15 Apr 14) $0.073

• • Market capitalisation $8.4m

• • Enterprise Value $7.4m

• • Top 20 shareholding 64%

• • Board shareholding 47%

(1) Option breakdown: 5,450,000 options @ $0.24, expiring between 31 December 2014 and 17 February 2015; 750,000 @ $0.054, expiring 30 April 2016

Board of Directors

Stephen Bizzell (Chairman) David Christensen (MD) Geoff McConachy Chris Anderson Andrew Martin

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Renascor Resources

4

Eastern Eyre Project Overview

Tenements & ownership	EL 4721, EL 5012 and EL 5236 (100%),
	ELAs 2008/00076 and 2010/00387
	(option to earn 100%)
Location	Southern Gawler Craton
Area	1,534 km2
Primary target	Copper

• New copper discovery at 1050 East

• 1,400m x 400m shallow target zone

• High grade, massive sulphide zone

• Olympic Dam-aged

• Major upside in +25km of untested mineralised Angle Dam fault

• Dominant copper ground position

• Olympic Dam copper belt

• Near infrastructure

• Shallow cover sequence

Key exploration hurdle cleared

• Lack of surface expression and cover depth in OD belt are main challenges

• Extensive shallow copper in initial drilling establishes copper pedigree of project area

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Prominent Hill 210 Mt @ 1.22% Cu from ~100m depth Discovered 2001 Olympic Dam 9,500 Mt @ 0.82% Cu from ~300m depth Discovered 1975 Carrapateena 800 Mt @ 0.80% Cu from ~500m depth Discovered 2005

Hillside 330 Mt @ 0.6 % Cu from <50m depth Discovered 2008

Renascor Resources

5

1050 East

Extensive ore-grade Cu

High-grade copper in first prospect drilled

• New copper discovery in untested fault zone

• Massive high-grade copper sulphides, with results including:

• 13m at 1.45% Cu, 66 ppm Ag and 0.17% Co (from 215m) (EEDD012), including:

  • 8m @ 2.2% Cu, 92 ppm Ag and 0.26% Co from 217m, including

  • 3m @ 4.0% Cu, 164 ppm Ag and 0.42% Co from 218m

• 47m @ 0.59% Cu, 55 ppm Ag and 0.03% Co (from 172m) (EERCDD003), including:

   - **2m at 3.5% Cu, 142 ppm Ag and 0.03% Co** (from 196m)
  

• 4m @ 1.24% Cu and 65.8 ppm Ag (from 67m) and

  • 9m @ 1.07% Cu and 29 ppm Ag (from 75m)

    - (EEDD013)
    

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Renascor Resources

6

1050 East

Drill results: Multiple ore-grade Cu intersections

HOLE	TYPE	MGAE	MGAN	TOTAL DEPTH (meters)	FROM (metres)	TO (metres)	Interval (metres)	Copper Cu %	Silver (Ag) ppm	Cobalt (Co) ppm
EERC001	RC	722937	6374239	150.0	44	46	2	0.12	4	23
EERC002	RC	722927	6374420	200.0	60	64	4	0.47	29	187
					102	112	10	0.32	1	54
					116	132	16	0.30	11	126
EERCDD003	RC/DD	722858	6374398	252.6	146	148	2	0.89	27	139
					154	164	10	0.41	14	476
					172	219	47	0.59	23	292
					Including	196-198	2	3.50	142	273
EERC007	RC	722886	6374534	186.0	108	112	4	0.59	55	272
					122	142	20	0.35	14	133
EEDD008	DD	722961	6374400	159.4	60	65	5	0.25	8	96
					66	69	3	0.16	1	93
					73	77	4	0.77	4	102
					89	98	9	0.22	3	62
					103	125	22	0.45	14	28
					Including	116-117	1	1.78	67	44
					148	150	2	0.24	11	17
EEDD009	DD	722917	6373997	194.8	123	124	1	0.21	3	151
					127	128	1	0.21	1	57
					134	136	2	0.78	6	43
EEDD010	DD	722824	6373998	213.4	34	38	4	0.12	1	5
					56.6	68	11.4	0.55	22	17
EEDD011	DD	723120	6374004	115.8	Awaiting Assays
EEDD012	DD	722821	6374388	243.0	189	194	5	0.61	15	123
					215	228	13	1.45	66	1,657
					Including	217-225	8	2.16	92	2,608
					Including	218-221	3	4.20	164	4,250
EEDD013	DD	723001	6374404	150.6	67	71	4	1.24	66	33
					75	84	9	1.07	29	81
					103	114	11	0.24	3	19
					130	137	7	0.54	12	10

Renascor Resources

7

1050 East

EEDD012 - massive sulphides

• Host rock associated with Hiltaba/GRV

• Moonabie formation

• Olympic Dam age

Portion of 3m @ 4.0% Cu, 164 ppm Ag and 0.42% Co

Renascor Resources

8

1050 East

Section 6374400N – drill results

• Extensive Cu in all five Renascor holes

• Multiple massive sulphide zones

• 50m to 70m width by 180m down-dip extent

• Best current intercepts at eastern and western limits of drilling (holes DD012 and DD013)

Extensive ore-grade copper in first prospect drilled

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Renascor Resources

9

1050 East

Section 6374400N – expansion targets

• Sediment-hosted copper

• Shallow depth (from 50m)

• 1,400m x 400m

  • sulphide zone to the east

• Massive sulphide

• Developed in

  • untested Angle Dam fault zone

• Increasing in grade and width at depth

Immediate

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follow-on drill

targets

Renascor Resources

10

1050 East – Next Steps Shallow copper targets

• Copper Belt setting

• Near-surface sediment hosted disseminated copper

• Immediate target zone

• Continuation of mineralised trend

  • 1,400m x 400m, open to south

  • <40m depth, 40m-70m thickness

• Untested

• Significant tonnage potential within immediate area

• Next stage program:  RC drilling over shallow target zone

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Renascor Resources

11

1050 East – Next Steps Massive sulphide potential

• Significant scope for faultcontrolled massive sulphide development

• Steeply dipping Angle Dam fault zone immediately west of IP anomaly trend

• Earlier drilling too shallow and too far east

• Angle Dam fault zone extends 20 kilometers from 1050 East area

Next stage program:

• Ground geophysics/geochemistry

• Diamond drilling

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Renascor Resources

12

Eastern Eyre Project Untested fault zones

• New copper zones

• 1050 East new copper discovery

• Targeted by combining results from historical RAB drilling in narrow 1050 area with:

• Structural geology approach (fault zones)

• IP and other geophysics

• Angle Dam fault

• Control structure for new mineralised zone at 1050 East

• No targeting outside of 1050 area

+25 km strike potential for more (and better) 1050 East prospects

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Renascor Resources

13

Uranium Projects Summary

• Renascor maintains strong uranium exploration portfolio

• • Uranium market

• − Japan’s policy to turn on nuclear reactors may trigger price recovery Strategy: limit

• current spend, while maintaining upside

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Renascor Resources

14

Offer Details

• Firm commitments received from professional and sophisticated investors to raise approximately $0.6 million through share placement at $0.05 per share

• Issue price represents a:

Placement

• 22.3% discount to the 5 day VWAP

• • 22.8% discount to the 10 day VWAP

• 31.5% discount to the last close price

• Board and management have committed to subscribe for approximately $0.2 million in the placement (subject to shareholder approval)

• Bizzell Capital Partners was lead manager to the placement

Share Purchase Plan

• Share Purchase Plan to existing shareholders to raise up to approximately a further $0.9 million

• Allows eligible shareholders (as at the record date) the opportunity to purchase new shares up to a maximum of $15,000 on the same terms as the placement

Renascor Resources

15

Use of funds – through 2014

	Sources
	Available cash as at 31 March 2014	~$1.0m
	Offer proceeds(1)	~$1.5m
	Total	$2.5m

	Uses(1)
	Exploration and drilling activities	$1.6m
	Corporate, finance and administration	$0.7m
	Working capital	$0.1m
	Expenses of the Offer	$0.1m
	Total	$2.5m

Notes:

• (1) Proceeds from the Offer assume $1,5 million is raised under the a placement and share purchase plan. If less is raised under placement and share purchase plan the board of RNU reserves the right to reapply any funds from the capital raising to maximise shareholder value.

Renascor Resources

16

Work Program

		2014
	Q2	Q3	Q4
Activity	A M J	J A S	O N D
1050 sediment-hosted copper
Data review
IP
RC drilling
1050 massive sulphide
Geophysics/geochemistry
Data review
Diamond drilling
Angle Dam targets
Geophysics/geochemistry
RC/Diamond drilling

Note:

• (1) Dates are indicative only and subject to change without notice

Renascor Resources

17

Summary

• New copper discovery at 1050 East

• First drill program in Eastern Eyre project

• Immediate follow-on drilling to test for:

  • Shallow sediment-hosted copper

  • High-grade, massive sulphides

• Pipeline of new, untested targets

Strong news flow from active drill programs through 2014

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Renascor Resources

18