RENASCOR RESOURCES LIMITED — Capital/Financing Update 2018

Sep 9, 2018

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ASX Release

September 10, 2018

Renascor Resources Ltd ABN 90 135 531 341

Head Office

36 North Terrace Kent Town, SA 5067 Australia

CONTACT

T: +61 8 8363 6989 F: +61 8 8363 4989 info@renascor.com.au www.renascor.com.au

ASX CODE

RNU

Developing Australia’s Largest Graphite Deposit

Commencement of DFS Drilling at Siviour Graphite Project

• Infill drilling has commenced at Renascor’s Siviour Graphite Project in South Australia

• The drill program will focus on close-spaced drilling within the Siviour Indicated Resource to permit detailed mine planning for the Siviour Definitive Feasibility Study

• The program will also seek to expand the Siviour Mineral Resource in nearsurface, high-grade zones, as well as to obtain additional representative samples for on-going metallurgical test work and to produce further customer sample material

• Renascor is fully funded ($8.2m cash as of 30 June 2018) to completion of the Siviour Definitive Feasibility Study leading to a Decision to Mine

Renascor Resources Limited (ASX: RNU) is pleased to announce the commencement of an infill drill program at is Siviour Graphite Project on South Australia’s Eyre Peninsula, a further step in completion of the Siviour Definitive Feasibility Study (DFS).

The drill program will comprise up to 4,000 metres of air core and reverse circulation drilling and up to 1,000 meters of diamond core and is expected to continue for six to eight weeks.

The program will focus on close-spaced drilling within the Siviour Indicated Resource. Data from the drill program will be used for detailed mine planning, design and scheduling for the DFS.

The program will also include resource expansion drilling aimed at expanding near-surface, high-grade zones that are expected to be included within the mining schedule for the project’s first five years. In addition, further representative samples will be collected for ongoing metallurgical test work and to produce additional customer sample material.

Concurrently with the drill program, Renascor will continue work on additional Siviour DFS work programs, including optimisation mineral process testing, detailed engineering and procurement, regulatory approvals and offtake and marketing negotiations, as well as a PreFeasibility Study for the downstream production of uncoated spherical graphite using Siviour graphite concentrates.

Renascor is fully funded to the completion of the Siviour Definitive Feasibility Study leading to a Decision to Mine, with approximately $8.2 million cash on hand as of 30 June 2018.

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ASX Release

September 10, 2018

Renascor Resources Ltd ABN 90 135 531 341

Head Office

36 North Terrace Kent Town, SA 5067 Australia

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. It should be noted that a number of factors could cause actual results, or expectations to differ materially from the results expressed or implied in the forwardlooking statements.

For further information, please contact:

David Christensen

CONTACT

T: +61 8 8363 6989 F: +61 8 8363 4989 info@renascor.com.au www.renascor.com.au

Managing Director

+61 8 8363 6989 info@renascor.com.au

ASX CODE

RNU

Developing Australia’s Largest Graphite Deposit

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