Ann: Quarterly Activities Report June 2021, page-2

Making good process on further offtakes and moving to binding for existing ones.

Both Minguang New Material and Zeto have advanced the Siviour PSG product through the initial
product qualification22 process, and during the recently completed quarter, Renascor sent samples to
Hanwa for initial testing. Renascor is currently preparing larger scale samplesfor each of Minguang New
Material, Zeto and Hanwa for further testing (see above – “Large Scale Pilot Production Trials”) to
support progression to binding offtake.

During the recently completed quarter, Renascor received a significant volume of inbound enquiries
from leading anode and battery companies and provided sample material for initial testing. Customer
product testing is ongoing.

As a result of this increased interest from anode and battery companies, Renascor is now considering an
increase to its Stage 1 production plans and / or an additional Stage 2 PSG production, and during the
recently completed quarter, Renascor commenced detailed planning to assess the feasibility of such
expanded production capacity.