Ann: Siviour Battery Anode Material Project - Project Update, page-50

Hi Bombersmadd

You are really misleading RNU investors,

RNU has announced

Work is progressing on an updated, optimised Battery Anode Materials Study11 (BAM Study), assessing
the viability of Renascor’s planned vertically integrated mine and advanced manufacturing operation
in South Australia, with GR Engineering Services (ASX: GNG) acting as study manager and engineering
designer, with Wave International continuing to work with Renascor under the integrated owner’s
team.

You only need to look at the company RNU has objected to its patent, they have used GR Engineering for their BAM studys and detailed engineering design. They engaged GR engineering in January 2020, both companies made a price sensitive announcement 13 months later about the commencement of the detailed engineering design for their project, which took 12 months to complete.

That means RNU is at least 12-25 months behind the peer.

Maybe some of the rampers will start to work out why the other companies SP is sitting where it is. You only need to look at their history to understand RNU is going through the same process and SP cycle.