Ann: Completion of Bulk Sample Production for Demonstration Plant, page-2

Commenting, Renascor Managing Director David Christensen stated:“The competitiveness of our BAM project is underpinned by our Siviour GraphiteDeposit, which has the potential to be amongst the world’s lowest cost sources ofgraphite concentrates.Our work in maturing the technical readiness level of our purification process,including utilising the bulk sample material for our PSG demonstration plant, offersan additional comparative advantage that can transform Renascor into a verticallyintegrated battery materials company, offering a secure and competitive source ofhigh-value, 100% Australian-made graphite.The recent anti-dumping duties imposed by the United States on Chinese anodematerial highlight the need for projects like Siviour to fill the growing ex-Chinademand for battery anode material.”