Renascor Resources Staged Development Study for the Siviour Graphite Project. CP/QP: Christine Standing of Optiro

Abstract from report: Renascor Resources (ASX: RNU) is pleased to announce results from continuing studies that have confirmed that the Siviour Graphite Project is economically robust in a number of development scenarios. In particular, the studies show that, in addition to offering impressive returns as a large-scale operation, Siviour offers a competitive pathway to production through a low start-up capital, staged development. The small-scale production case outlined in stage-one is intended as an optional add-on to the production scenario set forth in the Siviour Scoping Study by incorporating a small-scale production option, before transitioning in stage-two to the larger scale production of the scoping study. Accordingly, for stage-two, this study maintains the general assumptions and financial models previously developed for the Siviour Scoping Study, with the exception that the scoping study schedule is deferred for three years. Key differences between stage-one and stage-two are described below.

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