They played this period particularly well with Cap Raise around...

They played this period particularly well with Cap Raise around the 27c mark. Some will be hurting, but nowhere near as much as if we raised at 16c.

There is a lot to like moving forward. Feel some longer term patience will be well rewarded as resource strengthens...

• New drill assays from recent drilling at Renascor’s Siviour Graphite Deposit in South
Australia have confirmed intersections within the project area that are amongst the
thickest and highest grade to date, with results including:
• 45 metres at 9.4% Total Graphitic Carbon (TGC) from 23 metres and 10 metres at
6.6% TGC from 8 metres (SIVRC264),
• 25 metres at 13.7% TGC from 17 metres (SIVRC266),
• 20 metres at 7.5% TGC from 7 metres (SIVRC267), and
• 17 metres at 7.6% TGC from 48 metres (SIVRC273).

GLTA