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Investor Presentation Sourcing the raw materials of the future

September 2015

Company snapshot

ASX: SYA

SYA’s strategy is to source and develop high purity flake graphite for use in the rapidly growing, green technology sectors

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EAST KIMBERLEY

ITABELA

278 km[2] tenement package
133 km[2] tenement package
Located in a proven large flake graphite province
Located in world’s second largest graphite producing region
Excellent infrastructure
High-purity large flake graphite
Geophysics planned Sept 15
Excellent infrastructure
Drilled planned Oct 2015
Targeting production in 2017

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SYA value proposition

Targeting proven, large flake, high purity graphite districts – suitable for use in new green technology sectors Low enterprise value compared to industry peers

Major shareholders and Board have strong track record of successful investments

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Projects in close proximity to target technology markets Projects located in established mining jurisdictions with stable taxes and royalties

Well established mining districts with excellent infrastructure to support low costs

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Share price drivers

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Drilling the East Kimberley project in Oct 2015
Value up-lift potential from Itabela transaction
Active stock promotion
50
Average Market Cap. of listed
Graphite companies $ 611 m
Off-take agreements
40
Syrah 30
ASX
TSX 20
10
$1 2 m $ 13 m $ 27 m $ 26 m
00
($A million)
Market Capitalisation
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*ASX Closing 22/09/15. Based on 20 companies, excluding Syrah. TSX Closing 22/09/15. Based on 7 companies

Value up-lift potential moving from explorer to developer

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$ 133 M
$ 611 M
$ 94 M
$ 40 M
$ 33 M
$ 13 M
$ 12 M
Itabela
East Kimberley
Exploration Appraisal Development Production
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East Kimberley project location

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*www.lambooresources.com.au

East Kimberley located close to Asian markets

CLOSE TO ASIAN MARKETS

240km from Wyndham Port
Regional mining services centres
Local skilled workforce

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Corkwood - a major new graphite discovery

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Jumbo and large flake size demonstrated

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Geophysics highlights 20km structure

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East Kimberley drilling planned Oct 2015

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– Itabela strategically located in Brazil

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Brazil is a major producer of graphite

LARGEST GRAPHITE PRODUCING 2nd REGION IN THE WORLD

OPERATING GRAPHITE MINES 3 YEARS OF CONTINUOUS 70 PRODUCTION

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Itabela’s natural ore advantage

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Ore is brittle and friable Low % of graphite fines Large flake graphite

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Low cost mining

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Simple flotation Located close to process flowsheet domestic markets

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Close to US and European export markets

Superior quality graphite

Itabela Concentrate Minimum +95% Carbon Content	Itabela Concentrate Minimum +95% Carbon Content	Itabela Concentrate Minimum +95% Carbon Content	Itabela Concentrate Minimum +95% Carbon Content	Itabela Concentrate Minimum +95% Carbon Content
Flake Size	Mesh Size	Graphite Size (Microns)	Distribution	% Cg
Super Jumbo	30#	>500	4%	95%
Jumbo	50#	>300	32%	95%
Large	80#	>180	27%	97%
Medium	140#	>106	17%	97%
Fine	‐140#	<106	20%	97%

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31,000 kilograms of pilot scale test work

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The large flake advantage

Itabela Concentrate Minimum +95% Carbon Content*	Itabela Concentrate Minimum +95% Carbon Content*	Itabela Concentrate Minimum +95% Carbon Content*	Itabela Concentrate Minimum +95% Carbon Content*	Itabela Concentrate Minimum +95% Carbon Content*
Flake Size	Graphite Size (µ)	Distribution	Indicative Price (US$/tonne)	Value (US$/tonne)
Super Jumbo	>500	4%	2,500	100
Jumbo	>300	32%	2,000	640
Large	>180	27%	1,500	405
Medium	>106	17%	1,100	187
Fine	<106	20%	750	150
Weighted basketprice				$1,482

$XX PROFIT =

Less low operating costs

10% more jumbo and large flake graphite can be produced at a min. 93% Cg concentrate

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See ASX release, Superior Quality Graphite Produced at Itabela, 18/09/15

Simple process flow sheet

Flakes liberated without excessive grinding High-purity graphite produced without chemicals

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Well established infrastructure

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Gas connection in Itabela
Porto Seguro
International Airport
Main road in Itabela
Power supply at
project entrance
Water supply
Itabela heavy
machinery workshop
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Itabela project economics

Shallow open cut, low strip ratio mining operation. No drilling or blasting required Simple process flow sheet – graphite flakes easily liberated from soft and friable ore – no crushing Deposit attributes to support low mining and processing operating and capital costs

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Large flake graphite attracts premium pricing

High purity carbon attributes suitable for value-adding into premium products Well established infrastructure including port, gas, roads, labour, water

Geology of orebody and nature of mineralization have positive implications for project economics

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Itabela’s next steps

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Fast tracking towards production by completion of a feasibility study, permitting and securing off-take partners

Four-month exclusive option to acquire 100% of Itabela. Monthly option payment of US$15k during DD period. US$3.5 million purchase price if option exercised. Vendor retains a 2% NSR over all mineral rights

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Tight, supportive ownership structure

TRADING EXCHANGE

ASX: SYA/SYAO

CAPITALISATION Price 2.2¢

*as at close 22 Sept 2015

SHARES/OPTIONS

million 517 shares million 110 options

SHAREHOLDERS DIRECTORS

44%

Market cap $11.8M Cash $2.65M* As at Sept 15

TOP 20 74%

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Strong team with track record of success

35 years of resources industry experience

Dan O’Neill Managing Director

Geologist with significant project development and public company experience
Founding director of lithium company, Orocobre Ltd
23 years of resources industry experience

Corey Nolan Chief Executive Officer

Strong combination of corporate and capital markets experience
Previously Managing Director of South American focused exploration company, Elementos Limited

Paul Crawford Executive Director

35 years of resources industry experience
CPA and previously Company Secretary of companies including Orocobre Ltd (founding director), Elementos Ltd and ActivEx Ltd
35 years of operating experience in the resources sector

James Brown

Non-Executive Director

Significant coal development and operating experience including 22 years with New Hope Corporation
Managing Director of ASX listed lithium development company, Altura Mining Ltd

Allan Buckler

Non-Executive Director

40 years of development and operating experience in the resources sector
Built large-scale mining operations in Australia and Indonesia
Former director and chief operations officer for New Hope Corporation

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Graphite … solution to global problems

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CO
2
NO CO
X,
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Why Graphite?

12 BILLION GROWING MARKET $

FORECAST DEMAND FOR GRAPHITE IN ELECTRIC VEHICLES TO INCREASE OVER 10 YEARS

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80%

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Source: seekingalpha.com

THE BATTERY MEGA FACTORIES ARE COMING

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Graphite – a diverse and critical raw material

GRAPHITE HAS UNIQUE PROPERTIES

GRAPHITE IS EVERYWHERE

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Lubricity Non-corrosive Light Heat resistant Strong Conductive

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Lubricants Refractories Electronics

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New technologies

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Batteries

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Applications are growing

Key Graphite growth markets

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Graphene Lithium Ion Batteries

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Pebble Bed Nuclear Energy Supercapacitors

Lithium Ion Battery Market

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VEHICLES SALES

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Nuclear Power Super Capacitors

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Graphene – the new super material*

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Requires further technical development to become commercial

Flake Graphite – the highest value product GRAPHITE TYPES

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LOW PURITY
AMORPHOUS LOW PRICE
LOW GROWTH
MEDIUM PURITY
LUMP LOW MARKET
FLAT GROWTH
FLAKE HIGHEST PURITY
HIGHEST PRICES
FLAKE
GRAPHITE
LIMITED SUPPLY
HIGHEST GROWTH
DRIVEN BY NEW TECHNOLOGIES
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Sayona to target high-growth segments

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Global
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Disclaimer

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results is based on information compiled by Mr 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. Attgold is a financial beneficiary if Sayona exercises its option to purchase agreement over the East Kimberley Graphite project.

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.

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.

Reference to Previous ASX Releases

This presentation refers to the following previous ASX releases:

8 July 2015 – Strategic Entry into the Graphite market
9 July 2015 – Geophysics Highlights Prospective Targets
10 July 2015 – Jumbo and Large Flake Graphite Identified at East Kimberley project
20 July 2015 – Drill Target and Metallurgy Program
5 August 2015 – Acquisition of Advanced Graphite Project
21 August 2015 – High Grade Graphite Mineralisation at Corkwood

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.

ACN 091 951 978 Suite 68, 283 Given Terrace Paddington, Queensland, 4064 Brisbane, Australia Ph: +61 7 3369 7058 [email protected] www.sayonamining.com.au

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AI assistant

ELEVRA LITHIUM LIMITED — Investor Presentation 2015

64838_rns_2015-09-23_1fd9e9a1-2cbe-4387-9c63-55a2e503cf1c.pdf

Company snapshot

EAST KIMBERLEY

ITABELA

SYA value proposition

Share price drivers

Value up-lift potential moving from explorer to developer

East Kimberley project location

East Kimberley located close to Asian markets

Corkwood - a major new graphite discovery

Jumbo and large flake size demonstrated

Geophysics highlights 20km structure

East Kimberley drilling planned Oct 2015

– Itabela strategically located in Brazil

Brazil is a major producer of graphite

Itabela’s natural ore advantage

Superior quality graphite

The large flake advantage

Less low operating costs

Simple process flow sheet

Well established infrastructure

Itabela project economics

Itabela’s next steps

Tight, supportive ownership structure

ASX: SYA/SYAO

Strong team with track record of success

James Brown

Allan Buckler

Graphite … solution to global problems

Why Graphite?

Graphite – a diverse and critical raw material

Key Graphite growth markets

Lithium Ion Battery Market

Nuclear Power Super Capacitors

Graphene – the new super material*

Flake Graphite – the highest value product GRAPHITE TYPES

Sayona to target high-growth segments

Disclaimer

COMPETENT PERSON STATEMENT

FORWARD LOOKING STATEMENTS

Reference to Previous ASX Releases

More from ELEVRA LITHIUM LIMITED

ELEVRA LITHIUM LIMITED Investor Presentation 2015