Ann: Trading Halt, page-260

If this trading halt is about the Program for Environment Protection and Rehabilitation (PEPR) it is highly unlikely to be because of further delays to regulatory approvals. Here’s why:

There shouldn't be any surprises. Questions and scrutiny of the project is a normal part of the process. Renascor's Siviour project has endured much of that throughout the year long PEPR application process. Therefore, any so-called delays should have already been agreed upon and that would occur as part of Renascor's normal daily routine. If the department needed Renascor to answer any more further questions than it would have done so as it has done throughout the year. Not make a song and dance about it!

Furthermore, regulatory approvals are a two away conversation between what the department would like Renascor to do to meet all of its require environmental, social and governance obligations. RNU has already been the subject much scrutiny and to be fair the department has had more than its fair share of time to make their decision while nothing has been outstanding for several months.

If this happens to be the PEPR approval then it will de-risk the project on many fronts, let alone the sentiment amongst fund mangers, other sophisticated investors, Offtake partners, etc, etc. who are desperately needing to be a part of its success.

Nevertheless, let's not lose focus. Regardless for the reasoning behind this TH, given that the mega global initiative to decarbonise is in full swing and unchanged, when we do come out of a trading halt, it doesn’t change the situation that this is still a great place to be parked.

Exciting times!

All IMO, DYOR, GLAT(patient)H