ELEVRA LITHIUM LIMITED — AGM Information 2022

Jan 27, 2022

ANNUAL GENERAL MEETING

28 JANUARY 2022

PLUGGED INTO AN ELECTRIC FUTURE BRETT LYNCH, MANAGING DIRECTOR/CEO, SAYONA MINING

Disclaimer

Forward Looking Statements

This presentation may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Sayona Limited’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement.

The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward-looking statements will be or are likely to be fulfilled.

Sayona Limited undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this presentation (subject to securities exchange disclosure requirements).

The information in this presentation does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this presentation constitutes investment, legal, tax or other advice.

This presentation refers to the following previous ASX releases:

• Sayona expands northern Québec lithium hub with 121 new claims – 25 January 2022

• Moblan drilling planned as SYA eyes lithium resource expansion, 21 December 2021

• Drilling results advance Authier project, 1 December 2021

• Quarterly Activities Report, 29 October 2021

• Annual Report to shareholders, 22 October 2021

• Resource expansion eyed as Moblan acquisition closes, 18 October 2021

• Sayona acquiring Moblan project to boost Québec lithium base, 30 September 2021

• Sayona eyes potential NAL resource increase, 13 September 2021

• NAL acquisition finalized, production plans advance, 30 August 2021

• Exploration boost for Pilbara lithium assets, 6 August 2021

• Tests confirm Authier delivers high purity lithium hydroxide, 7 July 2021

• Sayona obtains court approval for NAL acquisition, 30 June 2021

• Completion of Piedmont Lithium investment in Sayona Québec, 8 June 2021

• Sayona embarks on next phase of Pilbara gold exploration, 7 June 2021

• Magnetic drill targets identified at Pilbara gold projects, 12 May 2021

• Sayona advances exploration activity in Canada and Australia, 6 April 2021

• Novonix to test Authier potential for lithium hydroxide battery, 31 March 2021

• Study confirms Tansim project’s high lithium potential, 18 March 2021

• Sayona expands Tansim project as lithium demand accelerates, 11 March 2021

• Sayona invests in WA exploration assets, 3 February 2021

• Drilling program to expand Québec lithium resources, 27 January 2021

• Piedmont Lithium invests in Sayona – strategic partnership, 11 January 2021

• Revised Authier DFS shows boost to profitability – 11 November 2019

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

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Agenda

Managing Director’s Update

Annual General Meeting

• 2021 achievements

• 2022: Key targets for Canadian & WA projects:

• North American Lithium

• • Authier Lithium Project

• • Moblan Lithium Project

• • Pilbara gold projects

• • WA lithium projects

• Q&A

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2021 Achievements

Creating a world-scale lithium producer

September 2021 60% stake in Moblan Lithium Project acquired for US$86.5M, creating northern hub

January 2021 June 2021 September 2021 Strategic investment from Court approval for North Piedmont Lithium, acquiring American Lithium (NAL) 19.9% of SYA, incl. offtake acquisition creating northern hub agreement March 2021 August 2021 November 2021 Tansim project expands NAL acquisition finalised; SYA joins MSCI Global to >15,000 ha C$94M cash consideration for Small Cap Index approx. C$400M assets

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2021 Achievements

Share price up 2,000% 1 making SYA one of the ASX’s top performers

1 4 January 2021 – 4 January 2022

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Moblan deal
NAL acquisition
PLL investment
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Assembling North America’s leading lithium resource

• 1) Refer Cautionary Note below concerning the Moblan lithium resource. The Sayona resource comprising the foreign estimate at NAL does not reflect any depletion of the resource resulting from mining at NAL. Refer ASX announcement dated 13 September 2021.

• 2) Sayona resource includes 100% of the Moblan resource; Sayona acquired 60% of the project from Guo Ao Lithium with the remaining 40% held by IQ (SOQUEM)

Cautionary Note: National Instrument 43 - 101 is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Mineral Reserves stated are foreign estimates and are not reported in accordance with JORC Code. A competent person has not done sufficient work to classify the foreign estimates as Mineral Resources in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the foreign estimates will be able to be reported as Mineral Resources in accordance with the JORC Code.

Resource Size (Measured & Indicated Tonnage in Millions) and Grade (%)

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70 1.90%
1.78%
64
60 1.70%
50 1.40% 1.40% 1.50%
1.37%
1.30% 1.29%
40 1.04% 1.30%
1.19%
40.3 1.11%
36.6
30 1.01% 1.10%
20 31.9 28.2 0.90%
12.6
8.1
10 6.6 0.70%
2.1
0.5
0 0.50%
1,2
Sayona Alkem Nemaska Critical Piedmont Frontier Avalon Rock Tech Ardiden New Age
Elements Lithium Lithium Metals
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Stepping up the lithium value chain

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2023 - 2024

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• w Abitibi hub production

2022

• w Develop Abitibi downstream refinery plans for production

• w Complete NAL restart plan & Abitibi hub

• w Complete northern hub and commence Moblan production

• w Expand Moblan as northern hub

• w WA gold/lithium exploration

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2025 - 2026

w Begin refinery operations at Abitibi

• w Expand Moblan production capacity

• w Develop refinery operation to support lithium production from northern hub

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2027 +

• w Targeting capacity of Québec hubs to produce >55kt LCE p.a.

• w Further invest in Québec battery metals to increase supply

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Key targets

NAL restart plan on track

• Restart of spodumene concentrate production Q1 2023

• Plant & equipment – critical long-lead equipment ordered, ahead of schedule

• Permits – 90% complete overall to resume concentrate production

• Personnel - senior staff recruited, incl. mine manager, exploration director, environmental director, OHS director

• Canadian NI 43-101 to JORC resource upgrade expected to expand lithium resource; results due February 2022

• DFS for integrated Authier/NAL expected February 2022

• Negotiations underway with financiers to fully fund NAL restart plan

• Assessing lithium hydroxide/carbonate production

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Key targets

Timeline to production

Authier Project

North American Lithium

Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Updating NAL Permits NAL closed Equipment bid, fabrication, delivery & installation NAL concentrator commissioning Authier permitting[1] First ore from Authier

1 Subject to change based on integration with NAL – ie. no concentrator required at Authier

Key targets

Authier advancing towards production

• Regulatory approvals expected within 2022; talks ongoing with Environment Ministry re amendments to BAPE process to reflect Authier integration with NAL i.e. no concentrator

• Resource review (NI 43-101 conversion to JORC) due February 2022

• Upgraded definitive feasibility study due February 2022

• Novonix battery performance test results due March 2022

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Northern Hub developing

• Moblan drilling program underway to expand resource base; 55 drill holes totalling around 9,000m, due for completion March 2022

• Acquisition of 121 new claims adjacent to Moblan (Lac Albert); claims to be assessed for lithium mineralisation during Northern Hemisphere summer

• Planning underway to form northern Québec hub, targeting producing >25,000t LCE (lithium carbonate equivalent) by 2027

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Moblan + Abitibi

SYA Northern Hub

World-scale lithium supply chain

• Sayona’s Abitibi Hub expected to be the most sustainable and cost-effective lithium production in North America

• Moblan expands Sayona’s lithium supply capacity while providing a gateway to Northern Québec resources

• Combined Sayona Québec hubs will be a leading force in the North American lithium market. Sayona aims to produce:

• Abitibi Hub: 220kt of Spodumene 6% or 30kt LCE

• Sayona Northern Hub (Moblan): 200kt Spodumene 6% equivalent or 25kt LCE

• Several potential refinery locations under review

SYA Abitibi Hub

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Moblan
Concentrator
Saguenay
NAL Concentrator Refinery
Bécancour
Abitibi
Refinery
Refinery
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WA gold drilling

A$2.7M budget and work program for CY22:

Mt Dove – 3,500m air-core and RC drilling, follow-up drilling

Deep Well – 3,500m air-core and RC drilling, follow-up drilling

Tabba Area (gold) – airborne geophysics, 2,000m air-core drilling

Wodgina – airborne geophysics, 1,000m air-core drilling

Friendly Creek – airborne geophysics

Tabba Tabba (lithium) – 600m RC drilling

East Kimberley (graphite) – 250m diamond drilling

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COMPETENT PERSON STATEMENT

The information in this report is based on information compiled by Simon Attwell, a Competent Person, and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Attwell is an employee of Attgold Pty Ltd (“Attgold”) which provides geological services to Sayona.

Mr Attwell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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’. Mr Attwell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Morella lithium earn-in

• Under earn-in agreement, Morella Corporation (ASX:1MC) (previously Altura Mining) to spend A$1.5M on exploration over three years to earn 51% interest in lithium leases

• Morella’s initial focus on Mallina project, with drilling planned for 1[st] half 2022

• Previous drilling by Sayona in 2018 returned spodumene pegmatites, incl. 4m @ 2.18% Li2O

• Exploration and drilling program [to be completed by Morella]

• Previous drilling by Sayona in 2018 returned spodumene pegmatites, incl. 4m @ 2.18% Li2O

• Morella exploration and drilling program:

• Initial program focused on 3 discrete drillhole locations

• Drillholes will target intersections approximately 500m down dip of the mapped surface outcrops

• In parallel with exploration planning, engagement commenced with both Traditional Owners and Pastoralists

• Current program expected to be completed by end of June 2022.

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Q&A

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Brett Lynch Managing Director

info@sayonamining.com.au +61 (7) 3369 7058

Sayona Mining Limited ACN 091 951 978

Suite 68, 283 Given Terrace Paddington, Queensland, 4064 Brisbane, Australia Subscribe to Sayona’s e-news: http://sayonamining.com.au/subscribe/ Join the conversation on Twitter: @SayonaMining

Follow us on LinkedIn: https://www.linkedin.com/company/sayonamining-limited sayonamining.com.au

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