ELEVRA LITHIUM LIMITED — Investor Presentation 2016

Jan 19, 2016

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January 2016

Investor Presentation - Entering the Resource Definition Phase

Sourcing the raw materials of the future

The green energy revolution is underway

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….creating demand for graphite, lithium and cobalt for use in batteries

Sayona’s strategy

Source and develop high for purity flake graphite use in the rapidly growing, green technology sectors

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Two development projects

EAST KIMBERLEY

ITABELA

• 278 km[2] tenement package

• Located in a proven large flake graphite province

• Excellent infrastructure

• Drilled completed Dec 2015

• Drilling results pending

• 133 km[2] tenement package

• Located in world’s second largest graphite producing region

• High-purity large flake graphite

• Excellent infrastructure

• Drilling to commence Feb 2016

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East Kimberley Project

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Resource – 7.1Mt @ 4.73%TGC
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*www.lambooresources.com.au

Geophysics highlights 20km structure

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Corkwood - a major new graphite discovery

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Jumbo and large flake size demonstrated

9

East Kimberley Drilling – Dec 2015

3,000m of drilling completed – assays pending – at six prospects

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East Kimberley Drilling – typical cross section

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Regional infrastructure

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240 km from Wyndham Port Regional mining services centres High quality sealed roads Local skilled workforce

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Savanah nickel mine and 12MW power station

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CLOSE TO ASIAN MARKETS

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Targeting a JORC Resource in 2016

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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

3

OPERATING GRAPHITE MINES

70

YEARS OF CONTINUOUS PRODUCTION

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Itabela’s natural ore advantage

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Ore is brittle and friable

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Low % of graphite fines

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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

Flake Size	Mesh 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

Itabela Concentrate Minimum +95% Carbon Content

The large flake advantage

Flake Size	Graphite Size (µ)	Distributi on	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 basket price				$1,482

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$XX PROFIT =

Less low operating costs

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Itabela Concentrate Minimum +95% Carbon Content*

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

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Simple process flow sheet

Flakes liberated without excessive grinding High-purity graphite produced without chemicals No crushing

Well established infrastructure

Porto Seguro Airport

Gas

Itabela township

Power

Water

Support services

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CLOSE TO USA & EUROPEAN MARKETS

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– Itabela positive project economics

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Pit
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Itabela’s next steps

Drilling to commence February 2016

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Corporate snapshot

TRADING EXCHANGE

ASX: SYA/SYAO

CAPITALISATION Price 1.9¢

*as at close 19 Jan 2016

SHARES/OPTIONS Million shares 517 110 Million options

SHAREHOLDERS DIRECTORS

44% 74%

TOP 20

$9.8M Market cap

Cash $1.46M As at Dec 2015

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Share price drivers

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East Kimberley assay results
Drilling and resource definition phase at Itabela
Active stock promotion
50
Average Market Cap. of listed
Graphite companies $ 811 m
Off-take agreements
40
Syrah 30
20
ASX TSX
10
$9.8 m $ 12 m $ 23 m $ 21 m
00
($A million)
Market Capitalisation
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*ASX Closing 19/01/15. Based on 19 companies, excluding Syrah/VXL. TSX Closing 18/01/16. Based on 7 companies

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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3

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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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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