ELEVRA LITHIUM LIMITED — Investor Presentation 2016

Sep 11, 2016

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Sourcing the raw materials of the future

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Investor Presentation Authier Drilling Program Overview

SEPTEMBER 2016

Authier Drilling Program

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DIAMOND DRILLING PROGRAM

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• Between metres 5,000 6,000

Drilling Program Objectives

• Converting inferred mineral resources to measured and indicated

• Convert mineral resources to reserves

• Exploring for extensions to the mineralisation

• Collecting geotechnical and hydrological data for Feasibility Studies

• Metallurgical testing

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Authier Lithium Deposit
Historical drilling
m 123
15,000 2,143
drilled holes lithium assays 200 m deep and
still open
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Authier Lithium Deposit Pit Contour Grade distribution throughout deposit

Authier Deposit

825 m lo ng 25 m average width

200 m deep and still open

Li2O % Grade

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Well studied NI43-101 completed in 2013

Commercial and technical viability confirmed

Authier JORC Mineral Resource

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Tonnes Grades Contained
(Mt) (Li20) (Li20)
2.08 0.95% 19,730
TOTAL
9.12 Mt
5.16 0.97% 50,092 0.96 %Li20
87,302
Contained Li20
1.88 0.93% 17,480
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• 0.5% Li20 cut-off grade*

• Cautionary Note - Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves estimate

• The resource has been estimated and reported in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012).

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• See ASX Release, “Authier JORC Resource ”, 6 July 2016

Authier Drilling Program Drill hole location plan

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Authier Deposit Resource Distribution Drilling to upgrade mineral resource categories

MEASURED 23%

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N INFERRED 20%

Cut-off Li2O 0.5% and Optimised Pit Contour

Authier Drilling Program Example resource definition planned drill hole

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Authier Drilling Program Removing the first diamond core from hole AL16-01

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Authier Drilling Program Core from the first drill hole - AL16-01 – mineralised from 22m down to 75m down hole

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Spodumene crystals at 45m down hole

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Spodumene crystals at 63m down hole

Authier Lithium Deposit Expansion Potential Target drilling areas for potential resource expansion N

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Potential Extensions of

the Mineralisation

Authier Drilling Program Example resource extension planned drill hole

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Disclaimer

COMPETENT PERSON STATEMENTS

Gustavo Delendatti for Authier - The information in this report that relates to Exploration Results is based on information compiled by Dr Gustavo Delendatti, a member of the Australian Institute of Geoscientists. Dr Delendatti is an independent consultant, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which it is undertaking to qualify as a Competent Person as defined in the JORC Code (2012 Edition) of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.‟ Dr Delendatti was responsible for the design and conduct of this exploration drilling campaign, supervised the preparation of the technical information in this release and has relevant experience and competence of the subject matter. Dr Delendatti, as competent person for this announcement, has consented to the inclusion of the information in the form and context in which it appears herein.

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:

• Authier JORC Resource, 7 July 2016

• Corkwood Drilling – Broad Zones of Mineralisation, 17 February 2016

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

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