ELEVRA LITHIUM LIMITED — Investor Presentation 2016

Aug 16, 2016

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Sourcing the raw materials of the future

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Canary Networks Battery Materials Investor Roadshow Charging Ahead To Develop The Authier Lithium Project

AUGUST 2016

The Green Energy Revolution

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Creating Demand for Graphite & Lithium for Use in Batteries

The Company’s strategy is to change the world and power the future by sourcing and developing the raw materials essential for lithium-ion battery production

Project Portfolio

Lithium Graphite

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Quebec, Canada A globally significant region for lithium deposits

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22Mt @ 01.29% Li20 37.2Mt @ 0.94% Li20
32.6Mt @ 1.56% Li20
14.25Mt @ 1.41% Li20
9.2Mt @ 0.96% Li20
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Quebec has a well developed & Government supported mining industry TOP rated mining jurisdiction by Fraser Institute (no. 6 in world)

Host to a number of large high-grade Lithium deposits Most infrastructure and transport logistics constrained – require capital intensive lithium carbonate plants

Authier Infrastructure

Well established development infrastructure

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Excellent Infrastructure

Low cost hydro power Road and rail access Experienced local mining workforce

653 ha tenement Excellent package InfrastructureLocated in a major mining district 50km by road to the Quebec Lithium Plant

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Authier Spodumene Bearing Pegmatite

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Authier Lithium Deposit
Extensively drilled
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 Simple deposit geometry

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 Deposit Resource Distribution High proportion of measured and indicated resources

MEASURED 23%

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N INFERRED 20%

Cut-off Li2O 0.5% and Optimised Pit Contour

Authier Lithium Deposit Cross Section Amenable to low-cost, open-cut mining techniques

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Authier Lithium Deposit Expansion Potential Drilling to commence in September 2016

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N
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Potential Extensions of

the Mineralisation

Authier Metallurgy Conventional processing route

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Flowsheet Design 85% recovery

5-6 % Li20 concentrate

Optimisation Options Dense Media Separation Downstream processing into intermediate products

Spodumene Concentrate Pricing Attractive price outlook for concentrates

Lithium Carbonate Price Forecasts*

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Spodumene Price Forecasts*

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Galaxy selling concentrates at US$600/t Significant higher than the Authier 2013 NI-43101 PEA price of CAD$525/t

Lithium carbonate manufacturers still making attractive margins at long-term spodumene concentrate prices

Cost of 6% spodumene	US$550/t	US$700/t
Conversion recovery	85%	85%
Factor @ 6% concentrate	7.93	7.93
Concentrate cost	US$4,362	US$5,551
Freight/Insurance	US$250	US$250
Conversion cost	US$2,000	US$2,000
Total cost to Li2CO3	US$6,612	US$7,801
Converter margin @ US$10,000/t Li2CO3 price	US$3,389	US$2,199
Converter margin %	34%	22%
Source: Macquarie estimate. * Deutsche and Cannacord reports. US$/tonne

Authier Summary

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Low Extensively Well Purchase Drilled Studied Price

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Simple Good Open Pit Process Infrastructure

Authier Next Steps

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Lithium Peer Universe

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900
800
700
600
500
400
300
200
$ 578 $ 938 $ 1212
100
0
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1,000
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• EV/Resource value is low compared to near-term developer peers

• EV is more indicative of lithium explorers

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$240 $ 481
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Enterprise Value Per tonne of Measured and Indicated Resources ($A million)

Authier Value Up-lift Potential

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$ 497 M $ 867 M
$ 183 M
$ 53 M
$ 221 M
$ 609 M
$ 22 M
$ 20 M
$ 16 M
$ 17 M
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*Authier project

5

Western Australia Lithium Portfolio A Globally Significant Region for Production of Lithium

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Resource – 36Mt @ 1.05% Li20
Market cap – A$183m
Resource – 128Mt @ 1.23% Li20
Market cap – A$609m
Resource – 60Mt @ 1.36% Li20
Market cap – A$221m
Resource – 16Mt @ 1.08% Li20
GMM Market cap – A$204m
GXY Market cap – A$497m
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Low-cost entry with km[2] 1,116 tenement holding , including granted tenure

Western Australia

a dominant global producer of Lithium from high-grade, hard-rock PEGMATITES

East Kimberley Graphite Project

Diamond drilling planned to test grades and quality

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m 3,000 drilling completed in Dec 2015

6 km of 20 km target zone drilled

Best assay 12 %TGC

Best Intercepts: 16 m @ 5 %TGC 22 m @ 3.4 %TGC Open at depth and along strike Coarse graphite observed

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• See ASX Release, “Corkwood Drilling – Broad Zones of Mineralisation”, 17 February 2016

278 km[2]

tenement package

Proven graphite province

World-class Infrastructure

for access to world markets

Corporate Summary

TRADING EXCHANGE ASX: SYA/SYAO

SHARES/OPTIONS Million shares 800 266 Million options 3c exercise, Dec 2016 expiry

SHAREHOLDERS 31% DIRECTORS TOP 20 65%

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CAPITALISATION Price As at 16 August 2016 2.5¢ Market cap $20M Cash $2.2M * Estimate following rights issue and conditional placement (Sept 2016)

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Strong Team With Track Record of Success

Corey Nolan Chief Executive Officer

Dan O’Neill Managing Director

Simon Attwell Exploration Manager

23 years’ of resources industry experience

Corporate and capital markets experience

Previously Managing Director of South American focused explorer, Elementos

Geologist with 35 years’ of resources industry experience Founding director of Orocobre Director of Altura Mining

29 years’ mineral exploration experience - success in generation, exploration and discovery of mineral deposits

Director of Australian Tantalum, which owned Pilgangoora leases and was subsequently acquired by Altura Mining

James Brown Non-Executive Director

35 years’ experience in the resources sector

22 years with New Hope Corporation

Managing Director of ASX lithium company, Altura Mining - $200m market cap.

Allan Buckler Non-Executive Director

40 years’ experience in the resources sector

Built mining operations in Australia and Indonesia as former director and chief operations officer for New Hope Corporation

Paul Crawford Executive Director

35 years’ of resources industry experience

CPA and previously Company Secretary of companies including, Orocobre Ltd (founding director), Elementos and ActivEx

Director of Altura Mining

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The New Era of Growth

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Authier Pre-Feasibility Study and Drilling Western Australian lithium exploration East Kimberley Graphite Drilling Program Active stock promotion

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Additional Information Slides On the Lithium and Graphite Industries

Lithium …

Critical in the Energy Revolution

Lithium is now considered a key, strategic energy metal in the clean Energy Storage – technology economy that is The economic “ being fuelled by value of energy “ An What if advances in storage over a Increasingly I Told You….. electric vehicles, 10-year period in Precious Lithium is the energy storage the US could Metal” New Gasoline ” and electronics reach $ 228 Dec 2015 Jan 2016 billion, 21 % of the $ 1 trillion global economic benefit Disruptive Innovations II, 2014

Lithium Consumption – The Future is Electric

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Glass / Ceramics
Manufacturing/ Plastics
35 % 19 %
9 %
29 % 8 %
Other
Grease
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Batteries
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Lithium-ion is the battery of choice Super Lighter, Longer life-cycle energy more and more density compact and efficient portable

More environmentally friendly

Source: Stormcrow, 2013 data

Key Demand drivers through to 2025

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Renewable grid storage

30% CAGR

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Transportation – electric and hybrid vehicles

20-30% CAGR

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Consumer electronics

8-10% CAGR

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Source: Credit Suisse, 2014

CAGR = Compound Annual Growth Rate

Batteries are the fastest growing segment

“ The problem with existing lead-acid batteries ” is that they suck Elon Musk 2000 2013 2020 71 kt 171 kt 308 kt LCE LCE LCE

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Battery consumption as a % of total consumption

Source: Citi. LCE = Lithium carbonate equivalent

The Megafactories are Coming

“ Solar power [with] batteries will be the primary means of sustainable energy production ” Elon Musk

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Tesla’s Nevada site

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3 X GROWTH

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Dawn of a New Auto Era

“ Car design will change more in the next 15 years than it has in the past 100 — electrification will kick start the ” biggest change in automotive design in history Ian Callum, head of design for Jaguar, April 2016

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Electric & Hybrid Vehicles

20 MILLION EV & HYBRID CARS BY 2020

20 MILLION

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735,000

157,000

2004

2010

2020

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Lithium Sources

LITHIUM IS A SOFT SILVER-GREY METAL:

 Low density and atomic mass

• High electrochemical potential

• High specific heat capacity

Salt Lake (brine) CONVERTS TO LITHIUM-HYDROXIDE FOR USE IN LITHIUM–ION BATTERIES

MAJOR SOURCES OF 2 LITHIUM

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SIMPLE PROCESSING

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Hard rock pegmatite

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Spodumene extracted : from pegmatites

Few New Lithium SUPPLY Options Available

5 COMPANIESPRODUCE 90 % OF WORLDSUPPLY

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END USERS SEEKING 4 % NEW SUPPLY OPTIONS USA

14 % China

(Brine)

(Brine)

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Source: Citi

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42 % Chile Argentina (Brine)

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36 % Australia (Hard Rock)

Supply & Demand – A Perfect Storm

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400
300
200
100
0
2015 2016 2017 2018 2019 2020 2025
Existing supply Probable New supply Demand
(kt LCE)
Supply and Demand
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BEYOND 2020

GAP BETWEEN SUPPLY & DEMAND EMERGES

HIGHER PRICES

SUPPLY DEMAND Existing Producers Growing Demand at Capacity New Applications No New Projects in Creating Demand Construction Phase Pressures

Pricing for Lithium Carbonate has Tripled Since 2003 Trading at RMB160,000/t* in China = US$24,600/t

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Source: Citi and Company estimates * Battery Boom Heats Lithium Gains as Outback Mining Stocks Soar, Bloomberg, 18 Feb 2016

Why the Graphite Exposure? 12 BILLION GROWING MARKET $

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

80 %

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Source: seekingalpha.com

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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