Ann: Renascor Advances Downstream Demonstration Facility, page-37

Re-reading many questions and why perhaps market is not reacting positively. Move from sales speak to project management with clear timelines, dates and clarity of tasks - market and investors will believe much more - DC so you so much better than this fluffy announcement!!.

Engineering design for the demonstration plant is well advanced.

Exactly what does well advance mean, what is done, what is outstanding and to be completed by when. Where are the details, who is the engineering Project Manager, they would / should have these details, so why not share to investors to build faith / trust.

Pending timelyreceipt of equipment supply, commissioning is expected to commence in Q3 2025.

Exactly what does ‘timely receipt’ and ‘expected to commence’ mean – the delivery is either on track or not. Has the equipment been shipped, what is the ETA for delivery – who is the engineering Project Manager, , they would / should have these details, so why not share to investors to build faith / trust.

The BAM project is in the advanced planning stages, with Renascor intending to accelerate the development of the upstream mining operation

Exactly what does advance planning mean? Team standing around and preparing to pack up to move to next phase or what. What is outstanding to complete the so called planning, how long will it take, by what date will planning be complete – who is the Project Manager, do they not have a clear timeline and tasks to be delivered, why not share such information, build trust / faith from investors.

The large-scale sample was subsequently delivered to a commercial graphite facility in Chinafor production of graphite concentrate

Thought world was moving away from Chinese production. If we don’t send to China who else can / has tested ? Are we now 100% reliant upon China to process the Graphite?