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RENASCOR RESOURCES LIMITED Capital/Financing Update 2016

Aug 28, 2016

65723_rns_2016-08-28_5072a5f4-0ad9-47ea-ad1d-4abd5632cf4b.pdf

Capital/Financing Update

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ASX Announcement __ July 2016 ASX Announcement 29 August 2016

==> picture [116 x 67] intentionally omitted <==

FINAL SIVIOUR DRILL ASSAYS EXTEND AUSTRALIA’S LARGEST GRAPHITE RESOURCE

  • Final assays from recently completed drilling return further thick intervals of shallow, high-grade graphite in areas along-strike to the east and west of the Siviour Graphite Deposit

  • To the immediate east of the existing Siviour Indicated Resource (outside of areas covered by the current JORC Mineral Resource estimate), assays include some of the thickest intervals of graphite drilled to date, with results including:

  • Siv061: 35m @ 8.2% TGC (from 44m to 79m) , with a 74m graphite zone from 5m to 79m

  • Siv062: 35m @ 8.7% TGC (from 17m to 52m) , with a 56m graphite zone from 5m to 61m

  • o Siv063: 23m @ 9.2% TGC (from 16m to 39m)

  • This thick, eastern graphite zone remains open and offers potential for significant extensions to the Siviour Deposit

  • To the west of the Siviour Indicated Resource (within and west of Inferred Resource), final assays from 23 holes drilled also confirm continuity of the thick, shallow and near flat-lying mineralised body for at least an additional 1km of strike, with results including:

  • Siv054: 25m @ 9.0% TGC (from 13 to 38m)

  • Siv055: 28m @ 7.1% TGC (from 28 to 56m)

  • Siv056: 23m @ 8.7% TGC (from 49 to 72m)

  • Renascor expects to release a revised JORC Mineral Resource estimate upon completion of resource modelling

==> picture [412 x 254] intentionally omitted <==

Figure 1. Location of recent drill collars over ground electromagnetic image at Siviour (see Figures 3 and 4 for enlarged plan view)

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

1

Renascor Resources (ASX: RNU) is pleased to announce final assay results from its recently completed reverse circulation drill program at its Siviour Graphite Deposit, located within the Arno Graphite Project in South Australia’s Eyre Peninsula. See Figure 2.

Renascor has now received all assays from samples submitted in the 31-hole program, with results including some of the thickest intervals of near-surface graphite to date from holes drilled 700m east of the currently defined Siviour Indicated Resource (outside of the areas covered by the current JORC Mineral Resource estimate). This eastern drill section targeted a new ground electromagnetic (EM) conductive zone that remains open, and the drill results suggest potential for an additional high-grade extension to the east of the Siviour Deposit.

In addition, final assays received from 23 holes drilled immediately west of the Siviour Indicated Resource (within and west of Inferred Resource) confirm the continuity of the thick, shallow and near flat-lying mineralised body for at least an additional 1km to the west. See RNU ASX release dated 22 August 2016 for previously reported results in this western area.

The results suggest strong potential to expand the Siviour Deposit, with a revised JORC Mineral Resource estimate expected upon completion of resource modelling.

Commenting on the results, Renascor Managing Director David Christensen stated:

We are delighted with the final drill assays, which have confirmed the continuity of shallow, highgrade graphite mineralisation throughout the existing Inferred Resource and extending into an extensive additional area to the east.

We are particularly pleased with the results from the northeast conductive zone, where assays have returned the longest continuous graphite zones drilled to date. The potentially favourable strip-ratio within this area complements the existing long-intervals of near surface graphite within the adjacent current resource and further improves the prospects for the production of high-quality, coarse-flake graphite from Siviour.

Background

The Arno Graphite Project consists of four tenements totalling approximately 1,372km[2] in South Australia’s Eyre Peninsula of South Australia. See Figure 2. Earlier this year, Renascor defined the largest reported graphite Mineral Resource in Australia within the Arno Graphite Project at the Siviour Graphite Deposit. Siviour has a JORC-compliant Mineral Resource estimate of 16.8Mt @ 7.4% total graphitic carbon (TGC) for 1,243,200t of contained graphite (reported above a cut-off grade of 3% TGC), including high-grade mineralisation of 5.9Mt @ 10.0% TGC for 590,000t of contained graphite (reported above a cut-off grade of 8% TGC). See Table 2 below and RNU ASX release dated 17 March 2016 (the information contained therein has not materially changed since first being reported).

==> picture [248 x 177] intentionally omitted <==

Figure 2. Arno graphite project, showing location and nearby graphite deposits

Category Tonnes of
mineralisation
(millions)		 TGC Contained graphite
(tonnes)
Indicated 6.8 8.1% 550,800
Inferred 10.0 6.9% 690,000
Total 16.8 7.4% 1,243,2000

Note: cut-off grade of 3% total graphitic carbon

Table 1. Siviour Mineral Resource estimate as of 16 March 2016

ASX code: RNU www.renascor.com.au

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

2

Recent drill program

Renascor recently completed a program of 31 reverse circulation holes for approximately 2,100m within conductivity anomalies adjacent to the current Indicated Resource at Siviour . See Figure 1 and RNU ASX release dated 12 August 2016. Earlier this month, Renascor reported partial results from the program, including multiple long, near-surface intervals of high-grade graphite from 14 holes drilled within EM conductive zones to the west of the Indicated Resource. See RNU ASX release dated 22 August 2016.

Renascor has now received final assay results from the drill program, with results including the thickest intervals of near-surface graphite to date from drilling in areas 700m to the immediate east of the Siviour Deposit. In addition, final assays received from 23 holes drilled west of the Siviour Indicated Resource confirm the continuity of the thick, shallow and near flat-lying mineralised body extending for at least an additional 1km.

Eastern extensions to Siviour

To the immediate east of the existing Indicated Resource at Siviour (in areas outside of current JORC Mineral Resource estimate), Renascor completed eight holes targeting extensions to the Siviour deposit within untested high conductivity zones defined in recent ground EM surveys. See Figure 1.

Newly received assays from this eastern zone have confirmed thick, near-surface graphite mineralisation extending at least 700m to the east. Results include:

  • Siv061: 35m @ 8.2% TGC (from 44m to 79m) , with a 74m graphite zone from 5m to 79m

  • Siv062: 35m @ 8.7% TGC (from 17m to 52m) , with a 56m graphite zone from 5m to 61m

  • Siv063: 23m @ 9.2% TGC (from 16m to 39m)

In total, six of the eight holes drilled within the eastern zone intersected significant graphite mineralisation over two east-west trending parallel conductive anomalies. See Figure 1.

Complete drill details received for all holes assayed from the recent program are provided in Table 2.

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

3

As shown in the south-north cross-section in Figure 3, this eastern zone offers the potential for nearsurface, high-grade graphite at a particularly favourable strip-ratio into areas that are not part of the current Indicated and Inferred Resources of Siviour.

The northeast zone, which includes some of the thickest intervals of graphite mineralisation drilled to date, remains open to the north and east.

At the southern boundary of the recent drilling, Siv063 returned 23m @ 9.2% TGC (from 16m to 39m). See Figure 3. Previous drilling at the nearby Paxtons prospect, located approximately 800m to the southeast, included intersections of 27m @ 7.8% TGC (from 43m to EOH) (Siv031) and 18m @ 6.6% TGC (from 65m to 83m) (CRD090). See RNU ASX release dated 25 February 2016. These results suggest additional potential to extend the resource to the southeast.

==> picture [419 x 369] intentionally omitted <==

----- Start of picture text -----

Shown in cross-
section below
----- End of picture text -----

Figure 3. Siviour -- Plan view showing recent drill holes over EM conductive zones and crosssections with TGC assay results (5%TGC cut-off in dark red and 3% TGC cut-off in light red) over Section 633000E

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

4

Western extensions to Sivour

In addition to the extension drilling to the east of Siviour, the program included 23 holes drilled over an extensive conductive zone extending over 1km west of the Siviour Indicated Resource, within and extending outside of the current Inferred Resource zone. Within this area, Renascor drilled four 200m-spaced northsouth sections at approximately 100m centres, with one additional hole completed a further 200m west. See Figure 1.

Final assays now confirm that the mineralised graphite body located within the Siviour Indicated Resource is continuous at least an additional 1km to the west and remains open to the north and west of the current drilling limits. Results from the recently received assays include multiple intersections of thick, shallow highgrade graphite, including: Siv054: 25m @ 9.0% TGC (from 13 to 38m), Siv055: 28m @ 7.1% TGC (from 28 to 56m) and Siv056: 23m @ 8.7% TGC (from 49 to 72m). Complete drill details for all holes assayed from the recent program are provided in Table 2.

The drill results suggest a north dipping tabular graphitic horizon in this western area. As shown in the southnorth cross-section in Figure 4 below, the mineralised horizon typically has a broad higher-grade, +5% TGC cut-off and a narrow +3% TGC grade halo particularly in the hanging wall of the deposit. This generally flatlying orientation is consistent throughout both the areas drilled to the west of the Indicated Resource and within the Indicated Resource area. See also RNU ASX releases dated 17 March 2016 and 22 August 2016.

==> picture [86 x 81] intentionally omitted <==

----- Start of picture text -----

Shown in cross-
section below
----- End of picture text -----

`

Figure 4. Siviour -- Plan view showing recent drill holes over EM conductive zones and crosssections with TGC assay results (5%TGC cut-off in dark red and 3% TGC cut-off in light red) over Section 631600E)

ASX code: RNU www.renascor.com.au

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

5

Hole Prospect Collar
(MGAE)		 Collar (MGAN) From
(metres)		 To
(metres)		 Interval
(metres)		 TGC%*
16SIVRC036 Siviour 631199 6246000
and		 14 21 7 5.7
28 43 15 9.0**
16SIVRC037 Siviour 631200 6245699
including		 19 35 16 9.2
22 32 10 12.3**
16SIVRC038 Siviour 631201 6245648
and
including		 5 8 3 3.7
13 30 17 10
13 21 8 14.8**
16SIVRC039 Siviour 631200 6245798
including		 54 73 19 7.8
62 71 9 10.5**
16SIVRC040 Siviour 631198 6245900
and
including
and		 58 65 7 5.6
67 82 15 11.2**
1 26.0***
84 90 6 11.1**
16SIVRC041 Siviour 631199 6246100 48 53 5 7.3**
16SIVRC042 Siviour 631046 6246000 34 41 7 9.5**
16SIVRC043 Siviour 631070 6245740
including
and		 21 45 24 10.5
28 45 17 13.0**
48 60 12 8.0**
16SIVRC044 Siviour 631403 6245700
including		 13 24 11 12.8
14 23 9 14.8**
16SIVRC045 Siviour 631399 6245598 no sample submitted
16SIVRC046 Siviour 631420 6245686 abandoned
16SIVRC047 Siviour 631401 6245802 abandoned
16SIVRC048 Siviour 631396 6246101
including		 55 84 29 6.9
64 82 9 14.8**
16SIVRC049 Siviour 631399 6246200 95 115 20 9.7**
16SIVRC050 Siviour 631395 6245998
and		 27 29 2 11.2
31 51 20 9.6**
16SIVRC051 Siviour 631394 6245898
and
including		 10 12 2 4.9
17 34 17 10.8
17 32 15 12.188
16SIVRC052 Siviour 631045 6246098
including
and
including		 12 29 17 11.1
13 28 15 12.1**
32 54 22 8.9
33 50 17 9.4**
16SIVRC053 Siviour 630749 6246000
including
and
including		 24 27 3 6.5
24 26 2 8.1
40 47 7 6.9
40 44 4 7.3**
16SIVRC054 Siviour 631596 6245799
including		 13 38 25 9
17 38 21 9.8**
16SIVRC055 Siviour 631600 6245899
including
and
including
and		 20 24 4 5.3
20 22 2 7.5**
28 56 28 7.1
28 46 18 7.4**
48 54 6 8.8**

ACN 135 531 341

ASX code: RNU www.renascor.com.au

36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

6

Hole Prospect Collar
(MGAE)		 Collar (MGAN) From
(metres)		 To
(metres)		 Interval
(metres)		 TGC%*
16SIVRC056 Siviour 631600 6245999
including
and
including		 49 72 23 8.7
52 72 20 9.5**
74 79 5 7.6
74 78 4 8.4**
16SIVRC057 Siviour 631600 6246100
including
and		 67 100 33 7.6
72 76 4 8.0**
78 100 22 9.1**
16SIVRC058 Siviour 631600 6246200
and
including		 111 114 3 8.7**
117 123 6 8.3
118 123 5 9.0**
16SIVRC059 Siviour 632584 6246033
and
and
including		 7 9 2 4.2
21 25 4 5.1**
47 51 4 5.3
48 50 2 7.2**
16SIVRC060 Siviour 632677 6246124
including
and
including
and		 26 36 10 4.9
26 31 5 6.1**
40 61 21 6.4
45 47 2 9.5**
49 61 12 7.9**
16SIVRC061 Siviour 633038 6246122
and
including
and
including		 9 11 2 4.6
16 24 8 5.0
17 19 2 9.7**
44 79 35 8.2
46 75 29 9.0**
16SIVRC062 Siviour 633039 6246023 17 52 35 8.7**
16SIVRC063 Siviour 633045 6245597
and
including		 4 9 5 3.5
11 43 32 7.8
16 39 23 9.2**
16SIVRC064 Siviour 633043 6245699 no sample submitted
16SIVRC065 Siviour 633042 6245800 no sample submitted
16SIVRC066 Siviour 633040 6245931
and
and		 84 86 2 3.9
92 99 7 10.1**
103 110 7 9.2**

  • Unless otherwise indicated, TGC based on a 3% cut-off, with maximum 1m internal waste

  • ** TGC based on a 5% cut-off, with maximum 1m of internal waste

Table 2. Drill results (see Appendix 1 for drill hole parameters)

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

7

Next steps

Renascor expects to release a revised JORC Mineral Resource estimate following completion of resource modelling.

The results reported herein, insofar as they relate to exploration results, are based on information provided to and reviewed 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 the reviewed information in the form and context in which it appears. This report may contain forward-looking statements. Any forward-looking statements reflect management’s current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, or expectations to differ materially from the results expressed or implied in the forward-looking statements.

Background information

Renascor Resources is an Australian-based company focused on the discovery and development of economically viable mineral deposits. Renascor has an extensive tenement portfolio, holding interests in projects in key mineral provinces of South Australia, the Northern Territory and Western Australia, including significant graphite projects near Arno Bay, South Australia and at Munglinup, Western Australia.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr David Christensen Mr Angelo Gaudio

Managing Director Company Secretary +61 8 8363 6989 [email protected]

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

8

Appendix 1

Drill hole parameters[1]

==> picture [450 x 399] intentionally omitted <==

----- Start of picture text -----

TOTAL
SURVEY DEPTH
HOLE TENEMENT PROSPECT TYPE GRID ID MGAE MGAN RL AZIMUTH DIP TYPE (meters)
16SIVRC036 EL5618 Siviour RC MGA94_53 631199 6246000 25 180 -70 DGPS 54
16SIVRC037 EL5618 Siviour RC MGA94_53 631200 6245699 23 180 -70 DGPS 48
16SIVRC038 EL5618 Siviour RC MGA94_53 631201 6245648 24 180 -70 DGPS 54
16SIVRC039 EL5618 Siviour RC MGA94_53 631200 6245798 24 180 -70 DGPS 78
16SIVRC040 EL5618 Siviour RC MGA94_53 631198 6245900 23 180 -70 DGPS 90
16SIVRC041 EL5618 Siviour RC MGA94_53 631199 6246100 24 180 -70 DGPS 60
16SIVRC042 EL5618 Siviour RC MGA94_53 631046 6246000 25 180 -70 DGPS 60
16SIVRC043 EL5618 Siviour RC MGA94_53 631070 6245740 24 180 -70 DGPS 72
16SIVRC044 EL5618 Siviour RC MGA94_53 631403 6245700 23 180 -70 DGPS 30
16SIVRC045 EL5618 Siviour RC MGA94_53 631399 6245598 23 180 -70 DGPS 78
16SIVRC046 EL5618 Siviour RC MGA94_53 631420 6245686 23 180 -70 DGPS 12
16SIVRC047 EL5618 Siviour RC MGA94_53 631401 6245802 23 180 -70 DGPS 40
16SIVRC048 EL5618 Siviour RC MGA94_53 631396 6246101 28 180 -70 DGPS 90
16SIVRC049 EL5618 Siviour RC MGA94_53 631399 6246200 29 180 -70 DGPS 120
16SIVRC050 EL5618 Siviour RC MGA94_53 631395 6245998 28 180 -70 DGPS 60
16SIVRC051 EL5618 Siviour RC MGA94_53 631394 6245898 26 180 -70 DGPS 42
16SIVRC052 EL5618 Siviour RC MGA94_53 631045 6246098 25 180 -70 DGPS 66
16SIVRC053 EL5618 Siviour RC MGA94_53 630749 6246000 26 180 -70 DGPS 60
16SIVRC054 EL5618 Siviour RC MGA94_53 631596 6245799 28 180 -70 DGPS 48
16SIVRC055 EL5618 Siviour RC MGA94_53 631600 6245899 31 180 -70 DGPS 60
16SIVRC056 EL5618 Siviour RC MGA94_53 631600 6245999 31 180 -70 DGPS 84
16SIVRC057 EL5618 Siviour RC MGA94_53 631600 6246100 32 180 -70 DGPS 108
16SIVRC058 EL5618 Siviour RC MGA94_53 631600 6246200 32 180 -70 DGPS 132
16SIVRC059 EL5618 Siviour RC MGA94_53 632584 6246033 33 0 -90 DGPS 54
16SIVRC060 EL5618 Siviour RC MGA94_53 632677 6246124 30 0 -90 DGPS 66
16SIVRC061 EL5618 Siviour RC MGA94_53 633038 6246122 26 0 -90 DGPS 84
16SIVRC062 EL5618 Siviour RC MGA94_53 633039 6246023 25 0 -90 DGPS 66
16SIVRC063 EL5618 Siviour RC MGA94_53 633045 6245597 29 0 -90 DGPS 48
16SIVRC064 EL5618 Siviour RC MGA94_53 633043 6245699 27 0 -90 DGPS 42
16SIVRC065 EL5618 Siviour RC MGA94_53 633042 6245800 25 0 -90 DGPS 72
16SIVRC066 EL5618 Siviour RC MGA94_53 633040 6245931 23 0 -90 DGPS 117
----- End of picture text -----

1 Details for sampling techniques and data and other relevant exploration information are included in Appendix 2.

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

9

Appendix 2

JORC Table – Checklist of Assessment and Reporting Criteria

Section 1: Sampling Techniques and Data

JORC Table – Checklist of Assessment and Reporting Criteria JORC Table – Checklist of Assessment and Reporting Criteria
Section 1: Sampling Techniques andData
(criteria in this group apply to all succeeding groups)
Criteria Explanation
Sampling
techniques.
RC Drill samples were collected at one-metre intervals.

Face sampling RC hammer diameter approximately 150mm.

Approximately 50% of samples were not submitted for assay due to the visual non-
mineralised nature of the material collected. All other graphitic intervals were
submitted for analyses.

All samples were sent to Bureau Veritas laboratory in Adelaide for preparation and
for Total Graphitic Carbon (TGC) analyses.

All samples were pulverised using an LM5 mill, 90% passing 75μm.

Sampling was guided by Renascor Resources Limited’s protocols and QA/QC
procedures
Drillingtechniques.
The targets were sampled by reverse circulation (RC) holes.
Drillsample
recovery.
One-metre drill chip samples were collected throughout the drill program in
sequentially numbered bags.

Every interval drilled is represented in an industry standard chip tray that provides
a check for sample continuity down hole.
Logging.
Primary data was captured into spreadsheet format by the supervising geologist,
and subsequently loaded into the Renascor Resources Limited’s database.

No adjustments have been made to any assay data.
Sub-sampling
techniquesand
samplepreparation.
All of the samples were marked with unique sequential numbering as a check
against sample loss or omission.

At the Bureau Veritas laboratory sample preparation involved the original sample
being dried at 105° for up to 24 hours on submission to laboratory.

Sample is split to less than 3kg through linear splitter and excess retained.

Pulverising was completed using LM5, 90% passing 75μm in preparation for
analysis using the Bureau Veritas network.
Qualityof assay
dataandlaboratory
tests.
Duplicate analysis was completed and no issues identified with sampling reliability.

A portion of the sample is dissolved in weak acid to liberate carbonate carbon.

The residue is then dried at 420OC driving off organic carbon and then analysed by
its sulphur-carbon analyser to give Total Graphitic Carbon (TGC).

Bureau Veritas Minerals has adopted the ISO 9001 Quality Management Systems.
All Bureau Veritas laboratories work to documented procedures in accordance with
this standard.
Verification of
sampling and
assaying.
Duplicate analysis was completed and no issues identified with sampling
representatively.

There were no twinned holes.

Field duplicates, laboratory duplicates and blanks were collectively inserted at a rate
of 10% and QAQC data analysis was completed to industry standards.

Field duplicates results are good.

Excellent correlation of assayed sample results against industry standards.

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

10

JORC Table – Checklist of Assessment and Reporting Criteria (Continued)

Section 1: Sampling Techniques and Data (Continued)

(criteria in this group apply to all succeeding groups)

JORC Table– Checklist of Assessment and Reporting Criteria (Continued) JORC Table– Checklist of Assessment and Reporting Criteria (Continued)
Section 1: Sampling Techniques andData (Continued)
(criteria in this group apply to all succeeding groups)
Explanation
Location of data
points.
All dill hole collars were pegged to the plan collar location using a hand held GPS.
Following completion of drilling these drill collars were measured using a DGPS and
are entered into the drill hole database.

The degree of accuracy of drill hole collar location and RL was estimated to be within
a 100mm error level.

The grid system for the project was Geoscentric Datum of Australia (GDA) 94, Zone
53.
Data spacing and
distribution.
Drilling was on approximately 100m spacing on 5 x 200m separated sections.
Orientation of data
in relation to
geological
structure.
Interpretation of the relationship between the drilling orientation and the orientation
of key mineralised structures could not be undertaken with RC drilling.

Diamond drilling has been carried out to confirm the orientation of key mineralised
structures.
Audits or reviews.  All data collected was subject to internal review.
Section 2: Reporting of Exploration Results
(criteria listed in the preceding group apply also to this group)
Criteria Explanation
Mineraltenement
andlandtenure
status.
All drilling was entirely within Exploration Licence EL 5618 (formerly EL4430)
granted on 29 January 2015 for a 2 year term expiring in 2017. EL 5618 is 100%
owned by Ausmin Development Pty Ltd and in good standing with no known
impediments.
Explorationdoneby
otherparties.		  Historic exploration has been carried out by several companies over many years
but without any focus on graphite prospectivity. EM data was acquired across the
tenement in 2006 and 2007 by Cameco Ltd as part of their uranium exploration
program. Cameco drilled hole CRD0090, without testing for graphite.
 During 2014 Eyre Peninsula Minerals Pty Ltd carried graphite focused exploration
and drilled a further 6 RC holes and 1 diamond core hole reporting graphite
intersections in all holes.
Geology.  Meso-proterozoic sediments of the Hutchison Group.
Data aggregation
methods.
Exploration laboratory assay results have been reported using weighted average
techniques.
Relationship
between
mineralisation
widths and
intercept lengths.
The mineralized widths are down-hole drilled intercepts. True width is unknown.

The geometry of the mineralisation with respect to the drill hole angle is speculative
at this time.
Diagrams.
Scaled maps and geophysical section are included in the body of this report.
Balancedreporting.
The reporting is considered to be balanced. Material considered to be waste (i.e.,
not containing graphite) was not assayed.
Othersubstantive
explorationdata.
Nothing material to report.
Furtherwork.
Follow-up drill RC and diamond core drill testing to further confirm extensions of
graphite mineralisation and establish tomineral recovery and graphite product
quality characteristics.

ACN 135 531 341 36 North Terrace, Kent Town, SA 5067 Phone: +61 8 8363 6989 • Fax: +61 8 8363 4989 Email: [email protected]

ASX code: RNU www.renascor.com.au

11

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