Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to announce that it has entered into an Indigenous Land Use Agreement (ILUA) with the Barngarla Determination Aboriginal Corporation RNTBC (BDAC).

BDAC is the registered Native Title Body Corporate of the Barngarla People, the Traditional Owners of land in the area encompassing the upstream portion of Renascor's proposed vertically integrated Battery Anode Material Manufacturing Project in South Australia (the Siviour Graphite Project). Renascor's proposed upstream mining operation includes desalination plant pipelines that cross Native Title land within BDAC's determination area.

The execution of the ILUA follows over four years of engagement between BDAC and Renascor during the design and planning of the Siviour Graphite Project. During this time, BDAC and Renascor have worked together to complete cultural heritage surveys over the planned upstream project area, and Renascor has included the outcomes of these surveys in the project's design to mitigate impacts on cultural heritage. The terms of the ILUA provide a cooperative framework between BDAC and Renascor to respect Aboriginal heritage and support the BDAC community and provide the necessary Native Title consents to allow Renascor to proceed with its planned construction and operation of a desalination plant to support mining operations. The ILUA includes monitoring and reporting protocols during the construction and operation of the proposed upstream portion of the project and the establishment of a Community Liaison Manager to promote continued communication and collaboration between BDAC and Renascor. The ILUA also provides pathways for employment, training and contracting of members of the Barngarla People and for cultural awareness and communication and, subject to registration of the ILUA under the Register of Indigenous Land Use Agreements under part 8A of the Native Title Act 1993 (Cth), the issuance of Renascor sharesto be valued at $35,000 calculated at the 30-day VWAP as of the registration date

Commenting on the agreement, Renascor Managing Director David Christensen stated: 'We have worked closely with the Barngarla People since the discovery of the Siviour Graphite Deposit, and I extend Renascor's thanks to the Barngarla People for the cooperative engagement in reaching this agreement. This agreement builds on the collaborative relationship we have developed during the planning stages and provides a framework for ensuring continuing respect for Aboriginal Heritage and opportunities for the Barngarla People as we advance to construction and operation.'

BDAC Chairperson, Sonja Dare stated: 'Over the past 4 years Renascor have steadfastly shown their commitment to transparent and genuine engagement with BDAC in developing this milestone agreement which is the first ILUA (Indigenous Land Use Agreement) for a desalination project in South Australia. BDAC look forward to a continued respectful and productive collaboration with Renascor and working together to advance the Siviour Graphite Project for our shared benefit whilst ensuring our Country and Cultural Heritage is protected and maintained.'v

Contact:

David Christensen

Managing Director

Tel: +61 8 8363 6989

Email: info@renascor.com.au

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