Ann: PEPR Lodged for Proposed Siviour Graphite Mine, page-35

Hi mate,

Take this excerpt from the announcement:

'Graphite Concentrate production of up to 78,000 tonnes per annum in the first of a two-stage expansion to 1.65 million tonnes per annum
of processing capacity. See Renascor ASX release dated 11 November 2019. During this first stage, 60,000 tonnes per annum of Graphite
Concentrate would be used as raw material feedstock for Renascor’s planned downstream battery anode material manufacturing operation
to produce approximately 28,000 tonnes of Purified Spherical Graphite per annum.'

78,000t total concentrates > 60,000 small size flake sent to PSG plant > 28,000t PSG/year

Again, just my take and very happy to be wrong.

Cheers