ELEVRA LITHIUM LIMITED — Investor Presentation 2016

Apr 18, 2016

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Sourcing the raw materials of the future

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Investor Presentation – Strategic Entry into the Lithium Market

APRIL 2016

The Green Energy Revolution

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Creating Demand for Graphite & Lithium for Use in Batteries

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

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

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

Sayona Project Portfolio “ Recent lithium tenement acquisitions in Western Australia, a state growing in dominance as major lithium supplier, compliment the Company’s graphite projects and strategy of securing the raw materials required to Lithiu lithium-ion batteries ” produce m Sayona CEO Corey Nolan

Lithium

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Graphite

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Western Australia

A Globally Significant Region for Production of Lithium

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Resource – 36Mt @ 1.05% Li20
Market cap – A$250m
Resource – 80Mt @ 1.26% Li20
Market cap – A$646m
Resource – 23Mt @ 1.39% Li20
Market cap – A$232m
Resource – 16Mt @ 1.08% Li20
GMM Market cap – A$176m
GXY Market cap – A$525m
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Low-cost entry with 843 km[2] tenement holding , including granted tenure

Western Australia

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

Lithium Value Up-lift Potential

Market Capitalisation of ASX listed Companies

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$ 250 M
$ 646 M
$ 48 M
$ 232 M
$ 65 M
$ 28 M
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$ 525 M
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$ 656 M
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5

Simon Attwell – Exploration Manager with 29-years experience including exploring for lithium and tantalum

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Pilbara Lithium Projects Tenement package secured in proven lithium district

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Located in close proximity to large, high-grade lithium deposits at Pilgangoora

Well tested geological model Albite Spodumene targets

764 km[2] tenement package unexplored for lithium

Infrastructure for access to world markets

Pilbara Lithium Portfolio In close proximity to the Pilgangoora deposits

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Resource – 36Mt @ 1.05% Li20
Resource – 80Mt @ 1.26% Li20
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Mount Edon Project A region never explored for its lithium potential

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79 km[2] tenement package historical tantalum mining area Potential for tantalum as a valuable by-product credit

over 70 pegmatites identified to date from radiometrics

Excellent Infrastructure

Mount Edon Project A prospective new pegmatite field

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Mount Edon Pegmatite Targets Defined Next phase includes mapping and sampling

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Western Australian Lithium - Next Steps

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East Kimberley Graphite Project Metallurgical test work program underway

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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

278 km[2]

tenement package

Proven graphite province

World-class Infrastructure

for access to world markets

Itabela Graphite Project Assay results pending from drilling program

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m 2,440 drilling completed in April 2015

49 holes drilled

Results pending

Saprolite Advantage

NO drill or blast NO crushing LOW grinding High proportion of large flake

133 km[2]

tenement package

World’s second largest graphite producing region

Infrastructure

for access to world markets

Corporate Snapshot

TRADING EXCHANGE

ASX: SYA/SYAO

CAPITALISATION Price 5.5¢

*as at close 15 April 2016

SHARES/OPTIONS Million shares 517 110 Million options

SHAREHOLDERS DIRECTORS 44%

$28M Market cap Cash $1.46M As at Dec 2015

TOP 20 74%

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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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Share Price Drivers

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Lithium exploration in Western Australia Lithium M&A

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Itabela drilling results East Kimberley flake size analysis Active stock promotion

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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

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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