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Australian-Produced PSG Renascor’s Graphite Solution for Secure Anode Supply Investor Presentation October 2026 David Christensen, Managing Director
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2 Renascor Resources Ltd | ASX: RNU The most practical pathway for OEMs and cell makers to secure and diversify anode supply is to pair Renascor’s Purified Spherical Graphite (PSG) from Australia with established, reliable anode manufacturers Tier 1 Graphite Deposit • Renascor aims to become the lowest-cost ex-China Purified Spherical Graphite producer. • By combining low-cost Siviour graphite with Renascor’s efficient, HF-free processing, Renascor becomes more globally competitive. • Large-scale PSG demonstration facility in Adelaide has produced battery-grade PSG at 99.97% C2. Renascor PSG • All major regulatory approvals in place for mine and downstream facility. • DFS and early site works (including electrical grid) completed. • Strong cash position of A$94m as of 30 June 26. Development Ready • Renascor’s Siviour graphite deposit in South Australia is the second largest Proven Reserve globally & largest reported Reserve outside of Africa3. • One of the lowest cost and most capital efficient ex-China graphite developments4. Australian Government / Industry Support • A$185m conditional loan from Australian Government’s Critical Minerals Facility. • A$5m co-funded grant for demonstration facility. • Non-binding MOUs with leading anode companies POSCO and Mitsubishi Chemical, and Japanese trading company Hanwa Renascor’s Solution for Secure Anode Supply Chinese supply chain dominance • China supplies ~99%1 of PSG used in anodes for EV and stationary storage. • To ensure secure supply, OEMs and cell makers are seeking ex-Chinese anode supply. • Renascor + existing ex-China anode manufactures offers secure supply. 1 Source: Fastmarkets 2 Renascor ASX announcement dated 7 October 2026 and Appendix 5 of this presentation 3See slide 12 4See slide 13
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Renascor Resources Ltd | ASX: RNU 3 Cautionary Statement and Disclaimer Renascor Resources Limited ABN 90 135 531 341 Forward-looking Statements and new information This Presentation may include statements that could be deemed "forward-looking" statements. Although Renascor Resources Limited (the "Company") believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or may not take place at all. Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, the Company. In particular, they speak only as of the date of this document, they assume the success of the Company’s strategies and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document (“Recipients”) are cautioned not to place undue reliance on such forward-looking statements. Renascor confirms that it is not aware of any new information or data that materially affects the information included in previous market announcements (as may be cross referenced in this announcement) and that all material assumptions and technical parameters underpinning the Mineral Resource estimates, Ore Reserve estimates, production targets and forecast financial information 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. No Offer to Sell or Invitation to Buy This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction. Disclaimer Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from this Presentation. Whilst care has been exercised in preparing and presenting this Presentation, to the extent permitted by law, the Company and its officers, employees, related bodies corporate and agents (“Agents”) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of the Company and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.All amounts are in Australian dollars (AUD) unless stated otherwise. Competent Persons’ Statement The results reported herein, insofar as they relate to exploration activities and exploration results, are based on information provided to and reviewed by Mr G.W. McConachy (Fellow of the Australasian Institute of Mining and Metallurgy) who 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. The results reported herein, insofar as they relate to metallurgical results, are based on information provided to and reviewed by Mr S. Ballestrin (Chartered Professional and Fellow of the Australasian Institute of Mining and Metallurgy) who is an employee of the Company. Mr Ballestrin has sufficient experience relevant to the style of mineralisation and type of deposits being considered, and to the activity being undertaken, 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 Ballestrin consents to the inclusion in the report of the matters based on the reviewed information in the form and context in which it appears. The JORC Code Table 1 supporting the metallurgical results reported in this presentation is included in Appendix 5.
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Market
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5 Renascor Resources Ltd | ASX: RNU Anode Demand Continues to Grow Electric vehicles and energy storage growth is driving rising demand for anodes for lithium-ion batteries Source: Benchmark Minerals Intelligence
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6 Renascor Resources Ltd | ASX: RNU Anode Prices Have Fallen Despite Growing Demand Aggressive pricing is enabling Chinese anode producers to capture growing market share at the expense of non-Chinese competitors Lower-priced Chinese anodes are capturing a growing share of demand from battery manufacturers outside China Source: Benchmark Minerals Intelligence and International Energy Agency (IEA). Anode Capacity Outside China Percentages indicate share of global capacity
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7 Renascor Resources Ltd | ASX: RNU Supply Security is Driving Demand for Alternatives to China Chinese near monopoly control of graphite-anode supply chain is driving government policy and industrial response to accelerate the development of anode supply chains outside China Chinese supply chain dominance Source: IEA Country Strategic Focus Primary Policies Key Initiatives USA Manufacturing & Supply Security: Expanding domestic production and securing critical mineral supplies from allied countries. Defense Production Act: Supports investment in strategic production capacity in the US and eligible allied countries. Trade Expansion Act of 1962 and Trade Act of 1974 • Department of War (DoW) direct grants and investments • Section 301 tariffs and Section 232 trade measures • Section 45X production credits with restrictions on prohibited foreign entities EU Circularity & Supply Security: Reducing single-country import dependencies while prioritizing recycling and processing inside the bloc. Critical Raw Materials Act (CRMA): Sets 2030 targets for extraction, processing, recycling and supply diversification. • Streamlined permitting for "Strategic Projects“ • European Investment Bank financing for critical raw materials projects • €3B in EU funding under the RESourceEU Action Plan China Maintain Market Dominance: Maintaining processing dominance and securing access to overseas raw materials. Export Control Law • Graphite export licensing requirements / State support for processing and overseas resource investment. • State-backed financing for mining and processing assets. Australia Upstream & Midstream Power: Leveraging natural resources to develop domestic processing/refining capabilities. Critical Minerals Strategy: Focuses on international partnerships and supply security. • $5B Critical Minerals Facility • 10% refundable tax offset on eligible processing costs from July 2027 • $1.2B Strategic Reserve for stockpiling • Multiple Govt-Govt initiatives See Appendix 3 for additional detail regarding government policies
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8 8 Renascor Resources Ltd | ASX: RNU Ex-China Producers Are Building Natural Graphite Anode Supply Chains Established producers are expanding natural graphite anode capacity outside of China, increasing the need for competitive PSG supply outside China Ex-China Production Capacity2 (including BTR Indonesia) Company Country Production (tonnes) POSCO Future M South Korea 82,300 BTR Indonesia Indonesia 160,000 Mitsubishi Chemical Japan 12,000 Resonac Japan 20,000 Others Various 36,310 Total 310,610 2 2025 production capacity. Source: Benchmark Mineral Intelligence1Source: Benchmark Mineral Intelligence
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9 Renascor Resources Ltd | ASX: RNU Ex-China Anode Growth Requires Ex-China PSG Expanding natural graphite anode production outside China creates demand for competitive, independent PSG supply Solution: Renascor PSG + established anode producers The most practical pathway to secure and diversify anode supply is to pair Renascor’s PSG from Australia with established, reliable anode manufacturers. BTR, Indonesia Future US / EU market PS G 99% reliance on P S G supply from C hina Australian alternative PS G Renascor
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Renascor’s Battery Anode Material Project
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Renascor Resources Ltd | ASX: RNU 11 Secure Graphite Supply From Australia Renascor’s Battery Anode Material project combines an upstream graphite mine and processing operation with a downstream manufacturing facility to produce Purified Spherical Graphite for the lithium-ion battery anode sector
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Renascor Resources Ltd | ASX: RNU 12 Renascor Resources Ltd | ASX: RNU 12 Renascor’s Siviour Graphite Deposit is the second largest Proven Reserve of graphite globally and the world’s largest reported graphite Reserve outside of Africa Siviour is Amongst the World’s Largest Graphite Deposits Global Graphite Proven Reserves1 Mineral Resource Estimate (September 2023)2 Ore Reserve Estimate (August 2023)3 Category Tonnes (Mt) Grade (% TGC) Graphite (Mt) Measured 16.9 8.6% 1.4 Indicated 56.2 6.7% 3.8 Inferred 50.5 6.5% 3.3 Total 123.6 6.9% 8.5 Category Tonnes (Mt) Grade (% TGC) Graphite (Mt) Proven 16.8 8.2% 1.4 Probable 45.0 6.6% 3.0 Total 61.8 7.0% 4.3 3ASX release 24 August 2023 “Updated Mineral Ore Reserve Estimate for Siviour” 2. ASX release 14 September 2023 “Siviour Mineral Resource Increases by 25%" 1Source: public company reports. Does not include graphite deposits that do not publicly report data on main stock exchanges in Australia, Canada, the United Kingdom and the United States. See Appendix 2 for further details on sourcing.
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Siviour is Amongst the World’s Most Competitive Graphite Projects Renascor Resources Ltd | ASX: RNU 13 Flake Graphite Cost Curve: 2030 (size adjusted C3 cost Renascor’s upstream mining operation is one of the most capital efficient and competitive ex-China graphite developments Ex China Graphite Developments Compared (Incentive Price, Capex Intensity & C1 OPEX) Source: Benchmark Mineral Intelligence
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Renascor Resources Ltd | ASX: RNU 14 The Siviour mining project has cleared major development milestones Siviour is Development-Ready All major regulatory approvals in place for the mine and downstream PSG facility. Indigenous Land Use Agreement with Barngarla. Definitive Feasibility Studies completed. Acquired freehold land for mine; long-term lease option for PSG facility. PSG demonstration plant now producing graphite. A$185 million conditional loan from the Australian Government under the Critical Minerals Facility. Early site works and long lead procurement underway.
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Renascor Resources Ltd | ASX: RNU 15 Integration of downstream PSG production adds value and strengthens Renascor’s global competitiveness • Technically advanced, low-cost HF-free purification technology. • Targeting industry-leading PSG production costs outside China. Competitiveness Value of Vertical Integration Market Access Adding Value to Siviour through PSG • Higher value-add product creating more value for Renascor . • Renascor’s projected cost position in PSG is even stronger than in graphite concentrate. • PSG gives Renascor direct access to anode manufacturers and downstream battery participants; a high-quality, bankable customer base. • Existing anode makers are proven, qualified and expanding ex-China, with need for ex-China PSG.
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16 Renascor Resources Ltd | ASX: RNURenascor Resources Ltd | ASX: RNU 16 Large-scale plant built to support customer engagement and validate HF-free process PSG Demonstration Facility: Now Operating Graphite processing through the integrated purification flowsheet. Operating program focused on process performance, cost validation and production of battery-grade qualification material. Supported by an A$5 million Australian Government grant, supported by South Korean conglomerate POSCO International and Japanese trading company Hanwa Co. Ltd. Lawrence Ben MP, South Australian Assistant Minister for Copper, Steel, Critical Metals and Minerals, leading the ribbon-cutting ceremony with representatives of Renascor and international guests at the PSG Demonstration Facility. Ongoing operations at the PSG Demonstration Facility.
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17 Renascor Resources Ltd | ASX: RNU PSG Demonstration Facility: Battery-Grade Graphite Produced Trials successfully achieve battery-grade PSG in batch trials 99.97% C PSG produced in batch trials using third-party graphite; exceeding battery industry purity requirement (99.95% C) 1 Key validation of Renascor’s HF-free purification process at demonstration scale Next steps ❑ Further batch trials, including using Siviour graphite (planned for current quarter) ❑ Production of customer samples for qualification ❑ Multi-tonne continuous production trials to finalise operating parameters. 1Renascor ASX announcement dated 7 October 2026 and Appendix 5 of this presentation
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Low-Cost Purification Supports a Leading PSG Cost Position Renascor Resources Ltd | ASX: RNU 18 Low-cost Siviour feedstock and HF-free processing underpin Renascor’s projected competitiveness 2 Benchmark Mineral Intelligence Low-cost HF-free purification Reagent recycling and integrated water treatment reduce reagent consumption. HF-free processing reduces handling, treatment and disposal requirements. Competitive Total PSG Costs Low-cost Siviour feedstock and efficient HF-free purification support competitive total PSG costs. Benchmark Mineral forecasts Renascor as lowest C3 cost amongst ex-China PSG projects2 1 Renascor ASX announcement dated 9 July 2026
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Renascor Resources Ltd | ASX: RNU 19 Competitive cost position supports strong projected margins and cash generation Strong Economics for Integrated PSG Project Source: Siviour BAM DFS Study, ASX release 8 August 2023
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Renascor Resources Ltd | ASX: RNU 20 Customer qualification and commercial terms are key to progressing towards FID Advancing Offtake and Finance Non-binding offtake commitments with leading ex- China anode makers POSCO and Mitsubishi Chemical and Japanese trading company Hanwa. • Commercial demand and supply security priorities are reinforcing the case for non-China anode supply chains. • Current graphite prices remain challenging for new supply. Renascor is seeking long-term pricing arrangements that support binding offtake agreements and project financing. • A$185 million conditional loan facility under the Australian Government’s Critical Minerals Facility. The PSG demonstration facility supports offtake discussions by validating and de-risking Renascor’s downstream processing advantage Renascor’s PSG demonstration facility in Adelaide, South Australia
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Renascor Resources Ltd | ASX: RNU What’s Next Demonstrate Produce battery-grade PSG for customer qualification and validate process performance and costs. Secure Offtake Progress pricing and commercial terms towards binding offtake agreements. Advance Financing Progress government funding, project finance and strategic partnerships to support development. Working towards a Final Investment Decision Turning our competitive advantage into commercial outcomes 21
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Our goal is to become one of, if not the largest, global suppliers of PSG to the lithium -ion battery sector
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Appendices
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Renascor Resources Ltd | ASX: RNU 24 Appendix 1 - Renascor Corporate Overview Share Price Chart (ASX code: RNU) Shares on issue 2,546M Share price (23 Oct 2026) A$0.042/sh Market Cap (at A$0.042/sh) A$107M Cash (30 June 2026) A$94M Debt (30 June 2026) Nil Shareholder Breakdown (October 2026) 5.6% 16.1% 78.3% Directors Top 20 (exc. Directors) Other 0 4 8 12 16 20 24 0.00 0.02 0.04 0.06 0.08 0.10 0.12 01-Sep-25 01-Nov-25 01-Jan-26 01-Mar-26 01-May-26 01-Jul-26 01-Sep-26 Volume (mm) Share Price (A$/share) Volume Closing Price
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Renascor Resources Ltd | ASX: RNU 25 Appendix 2 - Proven Reserves Peer Comparison Data * Denotes the name of the study at the time of the release. The Molo and Lindi Jumbo projects are now in the operations phas e, with all other projects being in pre -production phases.
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Renascor Resources Ltd | ASX: RNU 26 Appendix 3 - Government Policy Footnotes USA: Manufacturing, Trade Measures and Supply Security • Defense Production Act of 1950, as amended, Title III. US Congress / US Department of War. • Office of the United States Trade Representative (USTR), Section 301 Tariffs on Imports from China, ongoing • US Department of Commerce, Bureau of Industry and Security (BIS), Section 232 Investigation on Processed Critical Minerals an d Derivative Products (October 2025) • US Internal Revenue Service Section 45X production tax credits (4 July, 202). • US Department of War, Department of War grants and investments, various programme-specific critical minerals and industrial base investment announcements. EU: Circularity, Processing and Supply Security • Critical Raw Materials Act (CRMA), European Parliament and Council, Regulation (EU) 2024/1252, establishing a framework for e nsuring a secure and sustainable supply of critical raw materials including Strategic Projects and streamlined permitting (European Critical Raw Materials Act, 23 May 2 024) • European Commission, €3 billion RESourceEU Action Plan , 3 December 2025. • European Investment Bank, €2 billion Critical Raw Materials Strategic Initiative, 21 March 2025 China • National People's Congress of the People's Republic of China, Export Control Law of the People's Republic of China, adopted 1 7 October 2020; effective 1 December 2020. • Ministry of Commerce (MOFCOM) and General Administration of Customs (GACC), announcement on optimising and adjusting temporary export controls on graphite items, effective 1 December 2023. • Graphite export-control changes: relevant export -control announcements and catalogue amendments. Australia • Department of Industry, Science and Resources (DISR), Critical Minerals Strategy 2023 –2030, announced 20 June 2023. • Export Finance Australia, $5billion Critical Minerals Facility, announced January 2026. • Department of Industry, Science and Resources, Critical Minerals Production Tax Incentive, announced 14 May 2024. • Department of Industry, Science and Resources, Critical Minerals Strategic Reserve, announced 24 April 2025. • Australian Government, National Battery Strategy, announced 23 May 2024. • Department of Foreign Affairs and Trade (DFAT), Australia –Japan and Australia–Republic of Korea critical minerals partnership an nouncements and joint statements.
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Renascor Resources Ltd | ASX: RNU 27 Appendix 4 - References Slide 2: Fastmarkets March 25, 2024 (China’s Jan-Feb graphite exports plunge amid export controls, Sybil Pan). Slide 5: Benchmark Minerals Intelligence, Anode Supply, Demand & Price Forecast – August 2026. Slide 6: Benchmark Minerals Intelligence Anode Supply, Demand & Price Forecast – August 2026 and Wood Mackenzie, reproduced in International Energy Agency (IEA), Global Critical Minerals Outlook 2026. Slide 7: IEA, Global Critical Minerals Outlook, 2026 Slide 8: 1. Benchmark Minerals Intelligence, Anode Supply, Demand & Price Forecast – August 2026 2. Benchmark Minerals Intelligence, Anode Supply, Demand & Price Forecast – August 2026 Slide 13: Benchmark Mineral Intelligence, Natural Graphite Report Q4 2024 Slide 18: 2. Benchmark Mineral Intelligence, forecast PSG C3 costs, 2036 (US$/t)
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Renascor Resources Ltd | ASX: RNU 28 Appendix 5 – JORC Table 1 The table below summarises the assessment and reporting criteria relevant to the metallurgical results reported in this annou ncement, in accordance with Table 1 of The Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012). The co mmentary relates to testing of purchased, commercially produced spherical graphite during commissioning of Renascor’s PSG Demonstration Plant. Section 1: Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Renascor purchased commercially produced spherical graphite for commissioning and metallurgical testing at its PSG Demonstration Plant. No formal product specification or information regarding the supplier's sampling methodology was provided. The original geological source and representativity of the purchased material have not been independently verified. Following receipt, grab samples were collected from each bag of spherical graphite for feedstock characterisation by a commercial laboratory. The reported metallurgical results relate specifically to the purchased material tested. Drilling techniques Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.). No drilling was conducted or reported by Renascor for this purchased graphite material. Original extraction details are therefore not applicable. Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. No drill samples were obtained by Renascor and is not material to the assessment of purification performance of the purchased spherical graphite. Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. Material was received as processed spherical graphite, not core or geological specimens, as a result no geological logging was received.
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Renascor Resources Ltd | ASX: RNU 29 Appendix 5 – JORC Table 1 Criteria JORC Code explanation Commentary Subsampling techniques and sample preparation If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all subsampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. Information regarding the supplier's original sampling and sample preparation procedures is unavailable. Grab samples were collected from each bag of received spherical graphite and submitted for feedstock characterisation. Solid samples collected from the PSG Demonstration Plant were dried consistently at 125°C for greater than 24 hours, pulverised and sub-sampled to approximately 10–15 g on a consistent dry basis for laboratory analysis. The sampling and preparation procedures were considered appropriate for the metallurgical assessment undertaken, having regard to the nature and particle size of the material. All samples were analysed by a commercial, independent laboratory facility in Adelaide with QA/QC protocols and standards suitable for the loss on ignition and ICP-OES methods. These are standard industry procedures considered appropriate for metallurgical assessment and reporting. Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Samples were analysed by an independent commercial laboratory in Adelaide using loss on ignition (LOI) TG001 method and inductively coupled plasma optical emission spectroscopy (ICP- OES) MD301 method. The laboratory applies internal quality assurance and quality control procedures, including the use of analytical standards, blanks and duplicates. The analytical results were reviewed by Renascor to assess the purity and impurity characteristics of the material tested. Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. The reported analytical results were reviewed against laboratory reports and associated sample identification records. The laboratory's internal QA/QC procedures included the use of standards, blanks and duplicate analyses. No second independent laboratory was used to verify these results. No geological drilling or mineralised intersections are reported and therefore verification through twinned drill holes is not applicable.
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Renascor Resources Ltd | ASX: RNU 30 Appendix 5 – JORC Table 1 Criteria JORC Code explanation Commentary Location of data points Accuracy and quality of surveys used to locate drillholes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. Original deposit location and coordinates are not verified. Geographic drilling data are not reported; the reported results concern a purchased processed graphite material. Data spacing and distribution Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. Geological sample spacing and continuity cannot be assessed. No claim is made that the material represents a deposit or wider supplier production. Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. No in-situ geological sampling or drilling was undertaken by Renascor; orientation-related geological bias was not assessed as it is not relevant to the stated purification results. Sample security The measures taken to ensure sample security. Unique sample identification numbers for each sample collected from the PSG demonstration plant were retained during the process with the laboratory applying its standard sample tracking and chain of custody procedures for the duration of the analysis. Audits or reviews The results of any audits or reviews of sampling techniques and data. All data collected was subject to internal review and reviewed by the Competent Person. No external audit of the analysis has been commissioned.
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Renascor Resources Ltd | ASX: RNU 31 Appendix 5 – JORC Table 1 Section 2: Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Not applicable. The tested graphite was purchased as processed material and is not associated with a Renascor mineral tenement. No source-mine tenure is being assessed. Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. No source-deposit exploration information was supplied or relied upon. The results concern purification of purchased, processed graphite. Geology Deposit type, geological setting and style of mineralisation. Source-deposit geology was not supplied or assessed. The tests concern purchased spherical graphite, not in-situ mineralisation. Drillhole information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drillholes: • easting and northing of the drillhole collar • elevation or RL (elevation above sea level in metres) of the drillhole collar • dip and azimuth of the hole • down hole length and interception depth • hole length. No drill-hole results are reported. Source-deposit drilling information was not supplied and is not required to interpret purification results for the purchased material. Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. The reported result is a single final-product assay from the initial commissioning batch. No averaging, compositing, grade truncation or cut-off grades were applied. Relationship between mineralisation widths and intercept lengths If the geometry of the mineralisation with respect to the drillhole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect. Not applicable because no mineralised intersections or drill-hole results are reported.
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Renascor Resources Ltd | ASX: RNU 32 Appendix 5 – JORC Table 1 Criteria JORC Code explanation Commentary Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drillhole collar locations and appropriate sectional views. Geological maps and drill-hole sections are not applicable because no source-deposit exploration or drilling results are reported. Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. The reported result is a single final-product assay from the initial commissioning batch. It is specific to the material tested and does not establish sustained or commercial-scale plant performance or results for other feedstocks. Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. The results concern metallurgical purification testwork on purchased spherical graphite during commissioning of Renascor's PSG Demonstration Plant. No source-deposit geological data are reported Further work The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). The Company intends to submit results on material sourced from Renascor’s deposit once those planned activities are undertaken.
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Renascor Resources Ltd | ASX: RNU 33 Renascor Resources Limited Level 5, 149 Flinders Street Adelaide, South Australia 5000 Phone: + 61 8 8363 6989 Email: info@renascor.com.au Website: www.renascor.com.au ASX Code: RNU Proud members of:
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Copper and Uranium Exploration Targeting near-term copper and uranium discoveries in South Australia Investor presentation | October 2026 | ASX: RNU
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Renascor Resources Ltd | ASX: RNU 2 Forward-looking Statements This Presentation may include statements that could be deemed "forward-looking" statements. Although RenascorResources Limited (the "Company") believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those expected in the forward-looking statements or may not take place at all. Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, the Company. In particular, they speak only as of the date of this document, they assume the success of the Company’s strategies and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements are based. Recipients of this document (“Recipients”) are cautioned not to place undue reliance on such forward-looking statements. No Offer to Sell or Invitation to Buy This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction. Disclaimer Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from this Presentation. Whilst care has been exercised in preparing and presenting this Presentation, to the extent permitted by law, the Company and its officers, employees, related bodies corporate and agents (“Agents”) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of the Company and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.All amounts are in Australian dollars (AUD) unless stated otherwise. Competent Persons Statement The results reported herein, insofar as they relate to exploration activities and exploration results, are based on information provided to and reviewed by Mr G.W. McConachy(Fellow of the Australasian Institute of Mining and Metallurgy) who is a director of the Company. Mr McConachyhas sufficient experience relevant to the style of mineralisationand 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 McConachyconsents to the inclusion in the report of the matters based on the reviewed information in the form and context in which it appears. Bibliography Renascorconfirms that it is not aware of any new information or data that materially affects the information included in previous market announcements (as may be cross referenced in this announcement) and that all material assumptions and technical parameters underpinning the Mineral Resource estimates, Ore Reserve estimates, production targets and forecast financial information continue to apply and have not materially changed. Renascorconfirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Cautionary Statement and Disclaimer Renascor Resources Limited ABN 90 135 531 341
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Investment highlights Targeting near-term copper and uranium discoveries in South Australia 3 Renascor Resources Ltd | ASX: RNU Two priority exploration programs at Marree Project area in South Australia Flat Hill Cu and Mulgaria U both near-term drilling prospects Identifying further exploration opportunities with new low entry cost, high-upside exploration opportunities e.g. Olary and Arno Bay Renascor’s exploration portfolio Mulgaria Uranium • Radiometrics defined target from a 2019 government survey • Near-surface model ready for immediate drilling Flat Hill Copper • Copper mineralisation and scalability potential confirmed by historical exploration • New survey data has refined drill testing targets SA contains 66% Cu and 89% U of Australia ’s economically demonstrable resources 1 1 https://www.ga.gov.au/aimr 2025/australias-identified-mineral-resources
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4 Renascor Resources Ltd | ASX: RNU Regional copper occurrences 1 Flat Hill: A District-Scale Copper Opportunity Renewed copper exploration in the Adelaide Rift Complex Widespread historical copper occurrences across the Adelaide Rift Complex (red on map) Analysis of historical surface samples and drilling geochemistry at Flat Hill demonstrates significant near-surface copper mineralisation → Exploring in a prospective region Modern data e.g. geophysics combined with extensive detailed historical data has resulted in revised geological interpretation → New targets defined for drill testing 1 https://map.sarig.sa.gov.au/
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5 Renascor Resources Ltd | ASX: RNU Exploration Data Renascor Work Program Historical geochemistry: surface and drillhole • Digitisation and database compilation of ~26k surface data points, ~200 drillholes • Location verification & correction • Reassess grade materiality – historic vs. present • in geological and structural settings • Selective reassay program to verify historic results Geology: Stratigraphic and structural interpretation • Digitisation of >100km2 detailed field mapping • Relogging and interpretation of historical drill core Modern data acquisition: Surface hyperspectral and sub-surface geophysics • Hyperspectral survey to identify surface features associated with anomalous copper • VTEM and magnetics to characterise sub-surface and identify targets prospective for Cu sulphides Use of historical exploration results and new surveys to refine drill targets Flat Hill: A Refreshed Approach to Exploration Flat Hill layers: Digital integration of historical and modern exploration data builds a strong platform to identify new drill targets - Field Mapping - Hyperspectral - Geochemistry - VTEM Geophysics - Satellite image
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6 Renascor Resources Ltd | ASX: RNU Historical drilling1 provides a basis for the next exploration programme Flat Hill: Defining priority targets Boorloo • 134 m at 0.57% Cu from 26 m including 28 m at 1.11% Cu Breaden Hill • 18 m at 1.57% Cu from surface including 6 m at 2.5% Cu Priority Assessment: → Compare historical drilling with VTEM responses and the revised geological interpretation 1 See Renascor ASX announcement dated 26 June 2026.
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7 Renascor Resources Ltd | ASX: RNU Drill priority targets identified from geophysics, geology and historical drilling • Geological interpretation supported by historical prospect mapping, drilling and VTEM to provide improved drill targeting • VTEM supports initial prioritisation of drilling at Boorloo and Breaden Hill Flat Hill: Northern Targets Inset 1 - VTEM (late-time SFz45)1 Next Step: → rank geophysics anomalies against geology and previous drilling to finalise drill targets 1 See Renascor ASX announcement dated 25 September 2026.
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8 Renascor Resources Ltd | ASX: RNU • VTEM responses define new target areas near West Willouran and Mayflower • Mapped copper occurrences provide context for follow -up exploration Assessing the West Willouran and Mayflower target Flat Hill: Southern Targets Inset 2 - VTEM (late-time SFz45)1 Next Step: → Drill planning will focus on the relationship between conductivity, geology and copper mineralisation 1 See Renascor ASX announcement dated 25 September 2026.
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9 Renascor Resources Ltd | ASX: RNU Historical data review and new geophysics provide the basis for drill programme design Activity Position in the programme ✓ Historical data review Completed ✓ New data capture - VTEM and hyperspectral survey Completed ✓ Native Title Mining Agreement (NTMA) Executed ❑ Field Preparation - Land access, heritage and approvals Remaining steps before drilling ❑ Drilling Finalise target selection, programme design and mobilisation Drilling timing remains subject to final access approvals Flat Hill: Preparing for Drilling
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10 Renascor Resources Ltd | ASX: RNU • SA Department for Energy and Mining completed the Gawler Craton Airborne Survey (GCAS) in 2019, the world ’s largest high- resolution airborne geophysical and terrain imaging program • GCAS targeted one of world ’s premier uranium districts, hosting Olympic Dam • Mulgaria presents as the stand-out uranium radiometrics target within hundreds of square km → Drill ready Regional uranium radiometric context1 A near-surface target identified by modern geophysics Mulgaria: Uranium Exploration Opportunity 1 See Renascor ASX announcement dated 8 July 2025.
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11 Renascor Resources Ltd | ASX: RNU A distinct uranium radiometrics response at Mulgaria provides a clear focus for exploration Renascor is ready to progress to drill testing imminently, pending receipt of final land access approvals Multiple drill program stages are planned for, enabling rapid expansion of drilled metres (contingent on initial program results) Drill patterns are ready for execution pending final land access approval The GCAS survey identifies a discrete area for follow up Mulgaria: A Focused Radiometrics-defined Target Mulgaria: U radiometrics- defined drill targets
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12 Renascor Resources Ltd | ASX: RNU Drilling will: • interpret the geological source and controls behind the Mulgaria anomaly • determine extent of uranium mineralisation below the anomaly The first programme will test the source of the radiomentrics response Mulgaria: Testing the Geological Model Next Step: → Identify trends that might support analogies with other significant U deposits e.g. Kintyre1, where discovery was aided by similar radiometrics features 1 Comparison between Kintyre and Mulgaria radiometrics does not indicate resource size may be similar. 2 See Renascor ASX announcement dated 8 July 2025. Mulgaria and Kintyre U radiometrics 2
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13 Renascor Resources Ltd | ASX: RNU Activity Status / proposed next step ✓ Exploration rights Farm-in agreement in place ✓ Native Title Mining Agreement (NTMA) Agreement executed ✓ Programme design Drill locations defined, to support multiple stages ❑ Field Preparation - Land access, heritage and approvals Remaining steps before drilling ❑ Initial drilling Test the source and continuity of the radiometric s anomaly A programme to test the near-surface geological model Mulgaria: Preparing for initial Drilling
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14 Renascor Resources Ltd | ASX: RNU Area Opportunity Proposed next step Olary Expanded tenement position near White Dam Review historical data and rank follow-up opportunities Arno Bay Project generation and technical studies on the Eyre Pen., including Tumby Bay Assess results and prioritise further work Further opportunities across Renascor’s South Australian portfolio Exploration Pipeline Mulgaria Uranium Immediate exploration priority Flat Hill Copper Immediate exploration priority Renascor’s exploration portfolio Tumby Bay REE Early-stage characterisation REE
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15 Renascor Resources Ltd | ASX: RNU Historical copper mineralisation and new geophysical targets support a renewed exploration programme A radiometrics target and near- surface model provide a focus for immediate drill testing Low-cost entry points for major discoveries through drilling Near-term exploration opportunities at two priority targets in South Australia Investment summary Next Steps: Finalise access and approvals → drilling Mulgaria Uranium Flat Hill Copper Timing and final budgets will be set following completion of land access approvals
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Renascor Resources Ltd | ASX: RNU 16 Appendix
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Appendix: Renascor Corporate Overview 17 Renascor Resources Ltd | ASX: RNU Shareholder Breakdown (October 2026) Share Price Chart (ASX code: RNU) 0 4 8 12 16 20 24 0.00 0.02 0.04 0.06 0.08 0.10 0.12 01-Sep-25 01-Nov-25 01-Jan-26 01-Mar-26 01-May-26 01-Jul-26 01-Sep-26 Volume (mm) Share Price (A$/share) Volume Closing Price Shares on issue 2,546M Share price (23 Oct 2026) A$0.042/sh Market Cap (at A$0.042/sh) A$107M Cash (30 June 2026) A$94M Debt (30 June 2026) Nil 5.6% 16.1% 78.3% Directors Top 20 (exc. Directors) Other
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Renascor Resources Ltd | ASX: RNU 18 Renascor Resources Limited Level 5, 149 Flinders Street Adelaide, South Australia 5000 Phone: + 61 8 8363 6989 Email: info@renascor.com.au Website: www.renascor.com.au ASX Code: RNU Proud members of: