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Renascor Resources Ltd.

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Summary

Project:

Arno

Deposit:Siviour
Location:Australia
Commodities:Graphite
Date:3/7/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Scoping Study
Report details:7-3-2017: Renascor Resources Ltd. announces an Exploration/Drilling Update report for its Siviour deposit at the Arno project. Drilling results incl. 44m @ 8.2% TGC from 31m. Renascor Resources (ASX: RNU) is pleased to announce final assay results from it
Resources:(Resource, I+I): 60.8Mt @ 7.8% TGC for 4.7Mt graphite contained at Siviour
CP/QP:[Overall Report]: G.W. McConachy (Internal)
ABSTRACT:Renascor Resources (ASX: RNU) is pleased to announce final assay results from its recently completed drill program at its Siviour Graphite Deposit in South Australia’s Eyre Peninsula. Renascor completed 34 reverse circulation holes totaling approximately 1,800m (see Appendix 1 for drill hole parameters), with multiple intersections of high-grade graphite at shallow depths. The drill assays have confirmed multiple thick, near-surface intersections of high-grade graphite, confirming Renascor’s previous visual observations reported last month. Based on these results, Renascor expects a resource upgrade in the revised JORC Mineral Resource estimate for Siviour (expected next week). Renascor’s mineral processing tests and Scoping Study are progressing on schedule, with a focus on the higher-grade graphite zone (including the recently identified extension zone). Metallurgical results are expected later this month, with the Scoping Study to be finalised thereafter.

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