General Discussions, page-20181

Now thirteen weeks since environmental permitting was no longer on Renascor's critical path for development and still no major project update provided to the market.

It's now exactly one quarter of a year since the PEPR approval came through.

Not even asking for actual progress, just asking for an update of when they expect progress.

In my view there must now be a real possibility that the metrics of the Siviour project have fallen into the crapper. I fully expected that the permitting approval would unleash a cascade of decisions and announcements but I totally misread the situation. I suppose this is what the Chinese do so well, to shake out competition and to create opportunity for themselves. Of course not suggesting that the Chinese will be able to vulture Siviour but there could well be plenty of hard yards ahead for us as shareholders and for the company. Such is life.