ELEVRA LITHIUM LIMITED — Investor Presentation 2016

Jul 21, 2016

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Sourcing the raw materials of the future

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Noosa Mining Conference Presentation A Year of Transformation and A New Era of Growth

JULY 2016

A Year of Transformation

Market Cap $0.4 million Cash $0.4 million

Market Cap $25 million Cash $2.2 million 4 Projects

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Project Portfolio

Lithium Graphite

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Authier Lithium Project

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22Mt @ 01.29% Li20
37.2Mt @ 0.94% Li20
32.6Mt @ 1.56% Li20
14.25Mt @ 1.41% Li20
47Mt @ 1.19% Li20
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Authier Infrastructure

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Authier Lithium Deposit

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m 123 15,000 2,143 drilled holes lithium assays 200 m deep and

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Authier Lithium Deposit Cross Section

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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

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N
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MEASURED 23%

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INFERRED 20% Cut-off Li2O 0.5% and Optimised Pit Contour

Authier Lithium Deposit Expansion Potential

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N
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Potential Extensions of the Mineralisation

Authier Metallurgy

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Conventional Processing Route

Concentrate Pricing Galaxy selling at US$ 600 /t

Significant upside to 2013 NI-43101

Flowsheet Design 85% recovery

5-6 % Li20 concentrate

Optimisation Options

Dense Media Separation

Downstream processing into intermediate products

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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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Authier Value Up-lift Potential

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$ 629 M $ 1014 M
$ 202 M
$ 53 M
$ 243 M
$ 660 M
$ 33 M
$ 25 M
$ 19 M
$ 19 M
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*Authier project

5

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 20 JULY 2016 3.1¢ Market cap $25M Cash $2.2M * Estimate following rights issue and conditional placement (Sept 2016)

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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 Drilling Program Active stock promotion

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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:

• “Proposal to Acquire Advanced Lithium Project in Canada”, 3 May 2016

• Authier JORC Resource, 7 July 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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