ECOGRAF LIMITED — AGM Information 2023

Nov 26, 2023

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Annual General Meeting Investor Presentation

27 November 2023

Disclaimer

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Securities Disclaimer

This document is for informational purposes only and does not constitute an offer to sell, or solicit to purchase, any securities. Such offer can be made only through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

Forward looking statements

Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward-looking statements will be achieved.

Production targets and financial information

Information relating to the Bankable Feasibility Study and Pre-Development Program conducted on the Epanko Graphite Project, including production targets and forecast financial information derived from the production targets, is extracted from ASX announcements dated 21 June 2017 “Updated Bankable Feasibility Study” and 28 April 2023 “Epanko Pre-Development Program Delivers Outstanding Results” available at www.ecograf.com.au and www.asx.com.au. The Company confirms that all material assumptions underpinning the production targets and forecast financial information derived from the production targets set out in the announcements released on 21 June 2017 and 28 April 2023 continue to apply and have not materially changed.

The production targets referred to in this presentation are based on 45% Measured Resources, 38% Indicated Resources and 17% Inferred Resources for an 18-year life of mine. The Measured Resources, Indicated Resources and Inferred Resources underpinning the production target have been prepared by a competent person in accordance with the requirements in Appendix 5A (JORC Code). The Company has used Inferred Mineral Resources as part of the production target. There is a low level of confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised. The economic feasibility of the Project has been assessed excluding the Inferred material, confirming the use of Inferred mineralisation is not a determining factor in the viability of the Project.

Competent persons

Any information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Spinks, who is a Member of the Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time to time. Andrew Spinks is a director of EcoGraf Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Andrew Spinks consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.

Information in this document that relates to Mineral Resources is based on information compiled by Mr David Williams, a Competent Person, who is a Member of the Australasian Institute of Mining and Metallurgy. David Williams is employed by CSA Global Pty Ltd, an independent consulting company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. David Williams consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.

Information in this document that relates to Ore Reserves has been compiled by Mr Steve O'Grady, who is a Member of the Australasian Institute of Mining and Metallurgy. Steve O’Grady is a full-time employee of Intermine Engineering and produced the Mining Reserve estimate based on data and geological information supplied by Mr Williams. Mr O'Grady has sufficient experience which is relevant to the estimation, assessment and evaluation of the economic extraction of the Ore Reserve that he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Steve O'Grady consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.

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EXTRACT

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Duma TanzGraphite Natural Graphite High quality, long life Epanko and MerelaniArusha Graphite Projects

UPGRADE

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EcoGraf HF free [TM] Battery Anode Material High performance, low CO2 battery anode material

RECYCLE Anode Recycling EcoGraf™ purification technology with sector leading ESG credentials

Corporate snapshot

Cash balance[1 ] Market capitalisation[2] at 30 September 2023 A$79.3M A$34.7M

Share Price[2]

Stock Exchange Listings

A$0.175

ASX: EGR Australian Securities Exchange

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FSE: FMK

Frankfurt Stock Exchange (Börse Frankfurt)

OTCQX: ECGFF

OTCQX Stock Exchange

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Shares on issue[2]

453M

Major shareholders[2]

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Other Top 20
37.7% Board and management
50% First Sentier Investors
Other shareholders
4.8%
7.5%
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1. Quarterly report 2. As of 24 November 2023

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Non-Executive Chair

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Managing Director

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Non-Executive Director

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Non-Executive Director

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Chief Financial Officer

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Director Tanzania

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High growth lithium-ion battery market

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Demand for LiB forecast to grow +30% CAGR over next 10 years

Global graphite demand (000’s tpa)

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2023 250
2030 446 446 811 3,120
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Million Tonnes

World Bank reports graphite is the key raw material to decarbonise the economy - 53.8%

Natural graphite to increase from 35% to over 50% in anode by 2030

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Graphite Synthetic
Other Other
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10 New supply required to meet
looming anode shortage
8
FORECAST
DEMAND
6
4
OPERATIONAL
SUPPLY
2
0
2022 2024 2026 2028 2030 2032 2034 2036 2038 2040
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Source: World Bank Report, Minerals for Climate Change (https://www.worldbank.org) Source: Benchmark Mineral Intelligence (www. https://www.benchmarkminerals.com/forecasts/natural-graphite)

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Latest recognition and support for our developments

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25 OCTOBER
30 OCTOBER – 1 NOVEMBER 31 OCTOBER – 2 NOVEMBER
EcoGraf included in US White
EcoGraf invited to round table Australian Minister for Resources,
House briefing room statement by
discussion with German President, Hon Madeleine King visits EcoGraf
US President Biden.
Frank-Walter Steinmeier and at IMARC event to discuss latest
President of Tanzania H.E Samia developments.
Hassan
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EXTRACT

• Framework agreement signed with Tanzanian Government

• POSCO cooperation agreement

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UPGRADE

• Patent granted in the US

• Responded to market dynamics on BAM facility development

• Pre-development program delivered updated CAPEX and

• Secured Australian Government grant of $2.9m for Product

• Equator Principles update and RAP implementation

• Strategic collaboration to evaluate BAM facility with VinES in

• 38% increase in the Epanko Mineral Resource

• Government facilitated application for special mining licence

• Completed LCA study that confirmed the low CO2 emissions of

• Agreement signed with Tanesco for grid power supply to

RECYCLE

• Positive results with a range of customers anode samples

• SungEel Hitech recycled anode material electrochemical

CORPORATE

• Appointed Independent Non-Executive Director Mr Keith Jones

• Innogy created to realize value for non-core graphite assets

• Technical team expanded in preparation of accelerated

• MTB group agreement supports anode recycling in France

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Outlook and focus for 2024

EXTRACT

• Debt financing for Epanko development

• Front End Engineering Design

• Epanko construction and development

• Expansion and advancing the mechanical shaping

UPGRADE

• Development of Product Qualification Facility in Australia

• Formalise strategic partnerships for commercial scale production in North America, EU and ASIA

• Finalise development planning

RECYCLE

• Ongoing testing with EV and battery manufacturers

• Establish partnership for pilot plant for product development and qualification processes

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Latest legislation changes supporting new supply chains

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Russia
EU Green Deal IRA & MSP
Norway
Ukraine Canada
China
Pakistan
800,000t
Export Restrictions
India
Tanzania
Brazil
Madagascar
Mozambique
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BREAKING NEWS China introduce new laws to restrict graphite exports from 1 Dec 2023 including flake, spherical and synthetic graphite

China accounts for over 90% of current anode exports globally.

• ❑ Developing new graphite supply chains is critical to the lithium-ion battery market

• ❑ Critical battery minerals is driving increased collaboration between companies and continents to establish new supply chains.

Source: Reuters , USGS, TradeMap 2020,

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US and EU legislation supports new supply chains

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EcoGraf’s ESG credentials are aligned to the new climate change policies

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Inflation

Reduction Act (IRA)

Minerals Security Partnership (MSP)

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• Credit $3750: Critical minerals extracted or

• Responsible sourcing

• processed in the US or free trade partners OR recycled

• • Carbon (CO2) footprint, in North America. performance and durability labelling • Credit $3750: Battery

• Credit $3750: Battery components must be manufactured or assembled in North America

• Traceability

• Recycling and establishing a circular economy

• Critical minerals are produced, processed, and recycled in a manner that supports the ability of countries to realize the full economic development

• Australia, Canada, Finland, France, Germany, Japan, the Republic of Korea, Sweden, the United Kingdom, the United States, and the European Commission

Source: EU Commission and US State Department Websites

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EcoGraf battery anode material business

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GLOBALLY

TANZANIA

2023 LEGISLATION

Mining Flake Mechanical Purification Anodes Lithium-ion Anode graphite shaping Battery Recycling concentrate (SpG)

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Our development history
MAR 38% increase in Epanko
mineral resources
PRODUCT TESTING AND ENDORSEMENT MAR Major Project Status Signing of Tanzanian
APR Framework Agreement
COMMENCES Approved by Australian
Government Completion of Epanko
pre-development program
JUL Epanko bankable feasibility study APR Engineering studies completed on Asian AUG EcoGraf evaluates industrial sites in Sweden MAY POSCO Cooperation Agreement
completed
EcoGraf™ facility
US HFfree patent granted
JUN NOV International Patent
SEP EcoGraf™ process developed in Australia Engineering study completed on Australian Examiner confirms JUL TZ mechanical shaping study
and Germany EcoGraf™ facility EcoGraf™ process novel
and inventive Australian Product
AUG Battery graphite DEC Preliminary feasibility study completed, EcoGraf™ NOV EcoGraf™ feedstock POSCO and EcoGraf OCT Qualification Facility
scoping study provisional patent lodged benchmarking program enter into Battery Anode Strategic Collaboration with
completed Material Agreement VinES for BAM Facility
2015 2016 2017 2018 2019 2020 2021 2022 2023
FEB JAN JAN Australian Government
200 tonne Epanko bulk German pilot plant Technical cooperation FEB
sample battery material optimisation program commenced with Future conditionally approves
test work commenced Battery Industries CRC US$40M loan
SEP Battery graphite feasibility OCT German MAY EcoGraf™ provisional JUN German research confirms
recycled graphite performance
and engineering studies optimisation and patent lodged for
commenced with GR feedstock testing recycling applications
Engineering completed
Independent LCA study
NOV Battery graphite NOV EcoGraf™ JUN Offtake signed with OCT
produced in commercial international patent Thyssenkrupp for US purification facility location
facility in Asia lodged EcoGraf™ SpG and fines study
OCT Strategic Agreement with South DEC BAM recycling partnership
Korean Battery Recycler with MTB Group
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Proprietary processing technology

IP protection - International Examining Authority deems all 25 patent claims novel and inventive

• Patent granted by US Patent and Trademark Office.

• Product made (outside of the US) by a patented process

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• Patent submissions have been lodged by EcoGraf in all key

• Company filed Evidence in Answer lodged with IP Australia to

•  Patent covers ‘anode recycling’

Proprietary purification process provides cost competitiveness to existing market materials

•  >60% yield for maximum efficiency

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Epanko graphite is high performing with low emissions

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Superior Energy Performance

Study Confirms low CO2 footprint

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364
362
23.1 Kg CO2 eq. per kg CSPG
360 Synthetic Graphite
Anode Material
358
356 Standard Natural 14.3 Kg CO2 eq. per kg CSPG
Graphite Anode Material
354
352 5.0 – 10.6 Kg CO2 eq.
EcoGraf
per kg CSPG
350 Anode Material
348
1.6 – 2.2 Kg CO2 eq. Almost zero CO
346 per kg CSPG 2 footprint
344
Industry Industry Industry Epanko 0% 20% 40% 60% 80% 100%
Material 1 Material 2 Material 3
Specific capacity (mAh/g)
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EcoGraf HFfree™anode material delivers improved battery performance and significantly lower CO2 footprint

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Strong Government support for the mining sector

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Tanzania is open for investment

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President Hassan is promoting increased cooperation with businesses to encourage more foreign direct investment in Tanzania

• Targeting mining to be 10% of GDP by 2025

• Attracting investment from majors, including BHP (Kabanga Nickel) and Shell (LNG project)

• Accelerating major infrastructure projects bringing power stability and transport efficiency

“We have everything when we talk about green energy...”

Tanzanian President, Samia Suluhu Hassan, Speaking at the 2023 World Economic Forum

US SUPPORT

GERMAN SUPPORT

• US Department of State recognition of Tanzania’s role to support responsible development of critical minerals supply chains under the Mineral Security Partnership

• United States Vice President Kamala Harris travels to Tanzania in March 2023 to promote stronger ties between the US and Tanzania

• US$560 million US Government assistance for Tanzania to expand the two countries' trade relationship and support democratic governance

• German President Frank Steinmeier met Tanzanian President Samia Suluhu Hassan for political talks and engaged in discussions with representatives from German and Tanzanian businesses

• EcoGraf director of Duma TanzGraphite, Ms Christer Mhingo invited to round table discussions

• Germany’s long-standing relationship with Tanzania,

Image from Reuters

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EXTRACT

KEY ACTIVITIES

• Debt Financing for Epanko

• Equator Principles update and

• Front End Engineering Design

• Finalise expansion options and

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Epanko natural flake graphite project

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EPANKO

• Development ready - project defined and de-risked, commencing at 73,000tpa with potential to significantly expand production to meet market demand[1]

• Evaluation of multi-stage expansion of Epanko in progress, targeting 300,000tpa of production

• 2017 bank appointed Independent Engineer’s Review completed by SRK Consulting.

• Sector leading ESG credentials with Equator Principles development model

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16% Ownership 84% Ownership

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GoT

MERELANI-ARUSHA

• Supportive Government with plans for additional development of the Arusha mining sector

Two advanced, high quality, long life Tanzanian natural graphite projects provides supply diversity and scale-up optionality

Refer to ASX announcement “EcoGraf Pre Development Program Delivers Outstanding Results”, 28 April 2023

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Epanko Framework Agreement

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• Partnership entered into on 17 April 2027 in the presence of Tanzanian President Her Excellency Samia Suluhu Hassan

• New joint venture entity Duma TanzGraphite to develop and operate Epanko

• 2023• Duma TanzGraphite owned 84% by EcoGraf and 16% by the Government of Tanzania

• New Epanko 50-year life-of-mine Special Mining Licence to be issued to Duma TanzGraphite

• Government of Tanzania and EcoGraf to cooperate on Epanko development financing

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• Government of Tanzania to facilitate consents and approvals for the development and operation of Epanko

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Optimised flowsheet design and future expansion

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• Detailed process testwork completed:

• Independent testing conducted

• Rigorous testing of flowsheet dynamics to produce desirable product properties for both industrial uses and high growth lithium-ion battery markets

• Knight Piésold completed assessment of the expansion capacity for tailings storage in the Epanko valley.

• Study confirmed 8-fold increase to

• +80Mt capacity in tailings storage facility (TSF)

SINGLE STREAM

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EXPANSION ASESSMENT

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1. Refer to ASX announcement “Epanko Pre-Development Program Delivers Outstanding Results”, 28 April 2023

2. DFS dated 2017

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Attractive financial returns for Epanko

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Platform for High Value Future Expansion

Key Production Metrics

Physicals	Unit	2023 Update
NPV (10%, pre tax)	US$M	348
IRR (pre tax)	%	36
Payback Period (pre tax)	Years	4.25
Pre Production Capital	US$M	134
EBITDA	US$M	79

Physicals	Unit	2023 Update
Initial years	Years	18
Strip Ratio	Waste : Ore	0.27
Annual Plant Feed	Ktpa	850
Average Head Grade	TCG %	8.33
Annual Concentrate Production	Ktpa	73

Source: Company announcement dated 28 April 2023

Notes: Pre-production capital is in real terms, unescalated. NPV and EPITDA are nominal terms. EBITDA is average first 10 years of production post ramp up.

Source: Company announcement dated 28 April 2023

Notes: Annual Plant Feed, Annual Concentrate Production and Product Specifications are for the first 10 years of production while processing oxide ore.

20

Operating Cost UpdateU dated operating costs for Epanko

US$/T CONCENTRATE	US$M
Mining Cost	112
Process Plant Cost	211
G&A Cost	56
Total Site Cash Cost to Mine Gate	379
Transport Mine to Port (FOB)	122
Dar es Salaam G&A	7
C1 Cost FOB Dar es Salaam	508

• PRE-DEVELOPMENT RESULTS

• • Reduction in Drill & Blast requirements for oxide material. 80% Free Dig.

• Mine schedule run on 850,000t/year, producing 73,000t concentrate whilst on Oxide ore

• Processing costs updated

• Optimised reagent consumption

• Lower oxide crushing and primary milling costs

• Reduced Power costs with grid connection

Source: Company announcement 28 April 2023

Notes : Operating costs are in real terms, Other sustaining costs includes deferred and sustaining capital over the LOM

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Duma TanzGraphite natural graphite project

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Ore Reserve
of 11.7Mt @ 8.32%TGC
Mineral Resource
of 128.2Mt @ 7.4%TGC
Mineralised
Graphite Body
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JORC CLASSIFICATION	TONNAGE (MT)	GRADE (%TGC)	CONTAINED GRAPHITE (MT)
Epanko Mineral Resource estimate >5.5% TGC1
Total (Measured, Indicated, Inferred)	128.2	7.4	9.5
	Epanko Ore Reserve2
Proven	5.7	8.4	0.5
Probable	5.9	8.2	0.5
Total	11.7	8.3	1.0

1. Refer to ASX announcement “Epanko Mineral Resource Upgrade”, March 2023

2. Refer to ASX announcement “Updated Bankable Feasibility Study”, 21 June 2017

Epanko 38% Resource increase supports future expansion to meet growing battery demand with high carbon concentrates

• Large resource base

• High carbon concentrates

• Low strip ratios < 0.3:1

• High Processing Recoveries

• Exceptional Geology

Epanko’s key attribute is its high carbon concentrates through simple flotation requiring less downstream processing due to lower impurities

• Superior Performance

EcoGraf confirms that it is not aware of any new information or data that materially affects the information included in this presentation. All material assumptions and technical parameters underpinning the estimates in those releases continue to apply and have not materially changed.

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Epanko expansion - Western ridge line

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Total MRE 128.2Mt (2.15km Drilled) Epanko Western Zone expansion drilling and trenching recently completed

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Visit by the Presidential Special Negotiating Committee

Established logistics infrastructure

Epanko logistics strategy – road transport to Dar es Salaam

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• Via Ifakara, to Morogoro and then onto the Bolloré yard in Dar es Salaam

• Semi-trailers carrying 26 tonne loads

• Requires eight trucks per day transporting bagged graphite product resulting in a lower Capex and increased reliability

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Significant investment by the Tanzanian Government in new transport infrastructure

• Major upgrade to an 80km section of road infrastructure including the replacement of multiple bridges and a 4-lane paved section of highway. This will be complete in 2023, supporting construction and operational logistics for Epanko

• Investment in rail and road infrastructure into the port of Dar es Salaam to expand capacity and improve efficiency

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1. Refer to ASX announcement “Quarterly Activities Report”, 31 January 2023

2. BFS 2017

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Environmental and social planning

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Epanko to make a significant contribution to Tanzania

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Community benefits
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Epanko standards
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Renewable energy
Transformational and
inter-generational
financial and social
upliftment for the
Mahenge region
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Economic growth

• Direct contribution to the economy over 40+ years through procurement of goods and services, employment, royalties, taxes and dividends

• Strong multiplier effect across the economy, with an estimated US$9+ billion additional indirect economic benefits over 40+ years

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Employment and training

• 300 to be directly employed (over 95% of all staff) for 40+ years

• 4,500 indirect jobs + new industry technologies

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Tanzanian mechanical shaping facility

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Reducing spherical graphite production and logistics costs for delivery to purification facilities

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• Location study completed incorporating the mechanical shaping testwork, engineering and design programs completed by EcoGraf’s battery anode materials team

• Study confirmed operating cost savings of up to 50% with similar Capital cost can be achieved by locating these activities in Tanzania, driven by substantially lower energy costs

• Key objective is to optimise supply chain logistics efficiencies to deliver cost competitive product to customers in key battery and industrial markets

• Encouraging discussions with the Tanzanian Government on potential locations eligible for investment incentives within a designated Export Processing Zone

• Modular design provides for an easily scalable development to meet high growth demand

• Independent Life Cycle Assessment studies confirm electricity accounts for 45-55% of CO2 emissions associated with the production of battery anode material products, so accessing Tanzania’s cost competitive hydropower provides economic and sustainability advantages

Climate change impacts of BAM production

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~1/4
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~1/3

~40%

of impacts come of impacts come from milling and spheronization from the purification stage

of impacts come from the mining and concentrating

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UPGRADE

Key activities

• Development of product qualification

• Formalise strategic partnerships for

• Evaluate BAM facility in Vietnam with

• Evaluate potential development site

• Advance coatings capability

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Downstream battery anode materials

• Australian Government support for commercial scale development through Major Project status, Project of State Significance status and conditional approval of US$40m debt financing package

Global expansion driven by EV demand and legislation to encourage new and more sustainable supply chains

Increased requirement for new supply of battery anode materials following launch of US Mineral Security Partnership (June 2022) and Inflation Reduction Act (August 2022)

• Strategy to develop multiple production facilities in key global battery markets

• Co-operation Agreement signed with POSCO May 2023

• Australian Government grant of A$2.9m towards a battery anode material product qualification facility

• Signed agreement with VinES to evaluate BAM facility in Vietnam

• Product Qualification facility provides product samples and engineering design for single-phase commercial scale development

• Partnership opportunities under discussion with European, North American and Asian battery market participants

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High performance, sustainably produced battery anode materials for the global lithium-ion battery market

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Expansion strategy and growth opportunity

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Gigafactory Developments[1]

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226
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1
Product
Qualification
Facility
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Large pool of battery makers and electric vehicle customers

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1. Source Benchmark Mineral Intelligence

Extensive SpG product qualification completed

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Significant product samples, including various grades of spherical graphite, tested successfully by prospective customers in key global battery markets

• Testing confirms EcoGraf™ products achieve battery anode manufacturers’ specifications

• Positive feedback from potential customers on consistency of quality attributes, battery performance and sustainability advantages

Typical product specifications for EcoGraf™ SpG

Fe	<15 ppm
Ni	< 6 ppm
Zn	< 5 ppm
Cr	< 5 ppm
Al	< 10 ppm
Ca	< 10 ppm
Cu	< 5 ppm
S	< 20 ppm
Si	< 20 ppm

Carbon content	>99.95%
Moisture	<0.2%
pH-Value	6-8
d10	> 9 micron
d50	15 – 16 micron
d90	< 25 micron
Tap density	>0.93 g/ml
SSA	< 7 m2/g

Typical ICP analysis results of EcoGraf™ SpG

Element	Ag	Al		Ba	Bi	Ca		Cd	Co	Cr	Cu	Fe	K	Mg
ppm	>0.1	6.3		5.2	>0.6	5.9		>0.1	>0.2	0.3	0.3	7.1	6.6	1.5
Element	Mn	Mo	Ni		P	Pb	Si	Sn	Sr	Ti	V	W	Zn	Zr
ppm	0.2	<0.3	5		>0.8	>0.6	12	<0.5	<0.4	<0.4	<0.1	<0.5	<0.1	0.9

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Battery results of EcoGraf™ SpG

Discharge Capacity 3rd Cycle	367 mAh/g
Discharge Efficiency 1st Cycle	94.5%

Product Qualification Facility to be commissioned 1Q 2024

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RECYCLE

Lithium-ion battery anode recycling

ECOGRAF HFFREE ™ PURIFICATION SUPPORTS CLOSED LOOP RECYCLING

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• Objective: Recover battery anode materials to provide customers lower battery costs and CO2 emissions:

KEY ACTIVITIES

• 1 Production Anode Scrap : Priority

• Development of flowsheet based

• 2 Leached Black Mass : Develop under long term partnership

• Ongoing testing with EV and

• Establish partnerships for pilot

• Increasing efforts given recent EU + US legislation for battery recycling

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• Trademarked to differentiate recycled material to customers

OUR PARTNERS

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Europe’s push for lithium-ion battery recycling

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EcoGraf’s key focus is on production anode scrap which is aligned with the volume and timing of Europe’s recyclable materials

Initially dominated by production scrap

• Production scrap dominates 2023 to 2030

• End-of-life batteries increase market volumes from 2030

• Long-term production scrap rates targeting ~10% from battery manufacturers

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EU legislating sustainably produced raw materials combined with industry pushing lower carbon emissions

Distribution of recyclable material (in GWh, kt)

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5 20 100 475 1,000
(~10 kt) (~70 kt) (~460 kt) (~2,650 kt) (~5,950 kt)
30% 20% 40% 90% 90%
70% 80% 60% 15% 10%
2023 2025 2030 2035 2040
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Lithium-ion battery anode material streams

Production Anode Scrap (Copper + Graphite Only) Scrap > Production Battery Scrap (Cathode + Anode)

EoL > End of life batteries

Source: Reuters , PWC and BMI

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Recycled anode material performance & recognition

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HELMHOLTZ - INSTITUTE : EIT award winning German research program confirms RecoBAM[TM] matches the electrochemical performance of newly . manufactured commercial battery graphite

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Blending (2:1) significantly lowers the CO 2

Electrode contains: 95% recycled graphite (+3% SBR, 1% CMC, 1% C45) Olutogun et al. Manuscript in preparation

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Global Warming Potential
Kg CO2 eq. per kg CSPG
EcoGraf
5.0 – 10.6
Anode Material
Blended
2.7 – 4.6
Anode Material
1.6 – 2.2
0 5 10
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Lithium-ion battery largest carbon emissions for EV’s

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Electric vehicle OEM’s pursuing ‘closed loop’ manufacturing for all critical battery minerals, including graphite

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The battery represents over 40% of total carbon emission footprint from EV manufacturing

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Reference (No Canary, Volkswagen)

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Our products and trademarks

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EcoGraf HF free ™ battery anode materials

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NATURAL FLAKE GRAPHITE PRODUCTS

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HYBRID CARS/ POWER TOOLS CAST & GREY CAST STEEL AA, AAA, Li-ION CEM LUBRICANTS, THERMAL
& 3C APPLICATION FOUNDRY/EAF FURNACE CATHODE & CAN COATING EFFICIENT AND FIRE
FUEL CELLS RESISTIVITY MATERIALS
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ELECTRIC VEHICLES,
STORAGE PACK
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LITHIUM-ION BATTERIES
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Our partners

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Australian and German Government Support

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Memberships and Affiliations

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Value proposition

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Integrated battery anode material business positioning for the global transition to clean energy and e-mobility

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Integrated value Near term chain focused on project development catalysts with and innovation FID on horizon

Environmentally Global footprint to High growth focussed capture regional battery market processing with benefits and with natural international legislation graphite demand patents in place increasing

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Innovative

• Over 8 years of technical work programs and extensive

Value Focussed

• Downstream processing strategy centered on producing

• On-going research and innovation to identify further value

• Diversified battery anode materials business positioned to

Forward Thinking

• Strategy to expand production and regionalise additional

• Product sales and collaboration with market leading

• Production levels matched to market demand with

• Bank due diligence processes undertaken with rigorous reviews of technical and engineering studies

• Sector leading ESG Credentials

First Mover

• US Patent and Patent submissions providing international

• Lithium-ion battery recycling business provides the

• Planning initiated on purification plant in Europe

• Anode recycling provides a unique eco-friendly product

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The future is electric.

www.ecograf.com.au

ASX: EGR FSE: FMK OTCQX: ECGFF

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