Investor Presentaiton

Renascor's Spherical Graphite PFS Demonstrates Opportunity to Unlock More Value from Siviour Spherical graphite PFS shows potential for valued- Purification Plant added production of spherical graphite Leverages off key comparative advantages of Siviour mine: low-cost and low-sovereign risk Annual production of spherical graphite Life of mine/project Capital cost of spherical operation 29,085t 30 years AU$89.9m US$67.4m Total capital (concentrate and spherical) NPV 10 (after tax) of spherical operation NPV 10 (after tax) of integrated operation IRR (after tax) of integrated operation Average spherical graphite cash operating cost (net of by-product credit) AU$221.5m US$166.0m AU$487m US$365m AU$889m US$667m 53% AU$1,883/t US$1,412/t Projected spherical graphite sales price AU$4,800/t US$3,600/t See Renascor ASX announcement dated 21 February 2019 (pages 2-3) Renascor Resources Ltd | ASX: RNU 25t Dry concentrate Storage -150 μm Micronisation and Spheronisation Reagents and Utilities Lime Slaking Hydrochloric Acid Sodium Hydroxide Raw Water Demin Water Electric Heater Graphite By-Product www. Micronisation / Spheronisation Plant Gas Scrubbing Roast and Quench Dilute Caustic Leach, Wash and Filtration SOUTH AUSTRALIA Acid Leach, Wash and Filtration Siviour Graphite Natural Gas Waste Treatment Drying & Packaging Battery anode market RENASCOR RESOURCES renascor.com.au 28

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