Renascor Resources (ASX: RNU) (Renascor) is pleased to announce the results from a drill program that has confirmed widespread, high-grade graphite mineralisation over an area extending over 3 km immediately north of the Siviour Mineral Resource.

Commenting on the drill results, Renascor Managing Director David Christensen stated: 'The drill results continue to add to the world-class quality of the Siviour Graphite Deposit and demonstrate the unique potential of an abundance of near-surface, highgrade graphite in a single ore body. We expect that these results will support further extensions to the current pit design for future capacity expansions beyond those being considered in the optimised BAM Study, as well as to offer the potential for a significant increase to the Siviour Mineral Resource.'

Drilling was carried out over an area extending approximately 3 kilometres from the current pit design being incorporated into the mine plan for the optimised BAM Study and included areas within the current northwestern potions of the Siviour Inferred Resource and areas extending immediately to the north

In total, Renascor completed 26 diamond drill holes for 2,963 metres, with six of the 26 holes abandoned prior to intersecting mineralisation. The drill assays have confirmed the continuity of widespread, high-grade graphite over an area extending over 3 kilometres, with results including 47m @ 7.6% Total Graphitic Carbon (TGC) from 78m (SIVDD290), 38m @ 6.6% TGC from 91m (SIVDD 294), 26m @ 9.0% TGC from 70m, including 7m @ 14.1% TGC from 79m (SIVDD287), 24m @ 8.7% TGC from 110m, including 12m @ 11.4% TGC from 110m (SIVDD288) and 11m @ 8.7% TGC from 72m and 27m @ 6.5% TGC from 93m (SIVDD276).


The results from the recent drilling suggest the potential to extend the current mine plan into the northwestern extension of the Siviour Mineral Resource and areas immediately north over a wide area, extending over 3 km. This would support future expansions to production beyond the capacity being considered under the optimised BAM Study. Since the mineralisation extends from the current pit design, the results further suggest the potential for efficiencies in mine scheduling by extending the initial mining pits for continuing and efficiently mining from the current pit limits in the mine plan. The results also suggest the potential to expand the Siviour Mineral Resource estimate. Siviour is already amongst the world's most significant graphite deposits, with the world's largest reported Reserve outside of Africa and the second largest Proven Reserve globally2 . The assay results reported today, which focus only on the northwestern extension of the Siviour Resource, offer the potential to increase the Mineral Resource estimate in this area.

The results from this recent drill program are now being incorporated into a revised geological interpretation and will be used update the resource model, with an updated Mineral Resource estimate expected later this quarter. Sample material obtained from the diamond drilling will also be used in metallurgical testwork. This ASX announcement has been approved by Renascor's Board of Directors and authorised for release by Renascor's Managing Director David Christensen


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Renascor confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Renascor confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement. This report may contain forward-looking statements. Any forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. It should be noted that a number of factors could cause actual results, or expectations to differ materially from the results expressed or implied in the forward-looking statements

Competent Person Statement

The information in this document that relates to exploration activities and exploration results is based on information compiled and reviewed by Mr G.W. McConachy who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr McConachy is a director of the Company. Mr McConachy has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012 Edition). Mr McConachy consents to the inclusion in the report of the matters based on the reviewed information in the form and context in which it appears.

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