First Graphene Ltd. — Investor Presentation 2019

Mar 3, 2019

DELIVERING ON THE GRAPHENE REVOLUTION

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Forward Looking Statements & Disclaimer

This is presentation has been prepared by First Graphene Limited (ACN 007 870 760) (“Issuer”) for the sole purpose of providing an overview of its current prospects and proposed development strategy to recipients (“Recipient”). This presentation and its contents are provided to the Recipient in confidence and may not be reproduced or disclosed in whole or in part to any other person, without the written consent of the Issuer.

The presentation is based on information available to the Issuer as at the date of the presentation. The information contained in this presentation has not been verified by the Issuer nor has the Issuer conducted any due diligence in relation to that information. The presentation contains selected information and does not purport to be all inclusive or to contain all information that may be relevant to the Recipient. The Recipient acknowledges that circumstances may change and this presentation may become outdated as a result. The Issuer accepts no obligation to update or correct this presentation.

This document includes forward-looking statements. When used in this document, the words such as "could," “plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although the Issuer believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Issuer, its directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of the Issuer or its directors, employees or agents. Nothing in this Presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. The Issuer does not make any representation or warranty as to the accuracy of such statements or assumptions.

The information in this presentation does not take into account the investment objectives, financial situation and particular needs of any Recipient. The Recipient should not make an investment decision on the basis of this presentation alone and the Recipient should conduct its own independent investigation and assessment of the content of this presentation. Nothing in this presentation constitute financial product, investment, legal, tax or other advice. Nothing in this presentation should be construed as a solicitation to buy or sell any security or to engage or refrain from engaging in any dealing in any security.

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• Introduction to First Graphene Ltd.

• Graphene supply and routes to graphene materials

• Importance of both standardisation and product quality

• –

• Emerging applications in the automotive sector composites, elastomers, fire retardancy and thermal management

First Graphene Ltd. is publicly listed in Australia (ASX:FGR) and has a primary manufacturing base in Henderson, near Perth, WA. The company was recently incorporated in the UK as First Graphene UK Ltd. and is a Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.

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• Graphene, discovered in 2004, is the thinnest, strongest, most flexible, best barrier, most transparent, most conductive (thermal & electrical) material ever isolated.

• Graphene is forecast to create a >$300million materials market by 2022[1] and enable downstream $billion markets in transportation, construction, industrial products, energy storage and electronics.

• Graphene powders are typically added to other systems to provide new properties not previously available or enhance the existing properties to new levels.

• To deliver success in the graphene sector, a supplier must have a robust manufacturing platform, competitive cost structure and the capability to drive adoption through downstream investment and partnering[2] .

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• Fully operational plant with capacity of 100 tonne/year.

Established SupplyEstablished Supply Established Supply

• Secure raw material supply and robust process.

• REACH registration in place

• Low capital cost and short build time.

Low capital costs Low capital costs Low capital costs

Best quality product Best quality product Best quality product

Commercial traction Commercial traction

Strong partnerships Strong partnerships

• Expansion of capacity to support global markets is straightforward.

• High performing and easy to use products.

• Competitive pricing.

• Commercial progress in high volume applications.

• Sales contracting in progress and case studies emerging.

• Tier 1 partner at Graphene Centre (GEIC), Manchester.

• Raw material supplier to University of Manchester programmes.

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Graphite Oxidation

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• Oxidation/Reduction with strong oxidising agents then reduction (to rGO)

Graphite exfoliation

• –

• Mechanical attrition milling, microfluidisers, homogenisers

• –

• Plasma & heat energy plasma, DBD, flame and micro-wave

• Ultrasonic exfoliation by cavitation

• • – Electrochemical exfoliation ion intercalation by electrical potential

Material characteristics will depend upon manufacturing method used.

Need for high performance analytical testing and quality control….which will enable industry standardisation.

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Graphite Oxidation

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• Oxidation/Reduction with strong oxidising agents then reduction (to rGO)

Graphite exfoliation

• –

• Mechanical attrition milling, microfluidisers, homogenisers

• –

• Plasma & heat energy plasma, DBD, flame and micro-wave

• Ultrasonic exfoliation by cavitation

• • – Electrochemical exfoliation ion intercalation by electrical potential

Electrochemical exfoliation is the preferred method of First Graphene Ltd.

Scalable – Robust – Consistent – yielding high aspect ratio products

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Secure

• Captive supply of graphite from Sri Lanka.

• 99.5% carbon ore used directly from the ground.

• Right format for exfoliation.

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Robust

• Scaled finishing and drying steps.

• Proven industrial process tools.

• Controlled product sizes of PureGRAPH™

• Leading edge quality control

• 5-year stock in-house (at 100tpa).

Established

• Single step high yield electrochemical exfoliation.

• 90% conversion from graphite ore to PureGRAPH™ products.

Consistent

• Proven supply and logistics expertise.

• Fully compliant safety data.

• REACH registration in place.

• NICNAS submitted & EPA in progress.

• 100 tonne/yr capacity installed today

• Low capital cost & short build time.

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• PureGRAPH™ are graphene nano-platelets with low defects and high sp[2] carbon levels.

• High aspect ratio platelets with high levels of few layer graphene primary particles.

• PureGRAPH™ powders have well controlled particle sizes at 5µm, 10µm and 20µm for consistent and repeatable performance.

• PureGRAPH™ powders disperse readily and easily in solvents, polymer resins, rubber and water based formulations.

• High purity carbon materials with <0.3% total metals and <1 ppm silicon contaminants.

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First Graphene uses a combination of at-line and laboratory analysis to ensure PureGRAPH™ product quality.

PureGRAPH™ 5 At-line analysis

Malvern Mastersizer is used to monitor the average particle size[1] of PureGRAPH™ powders.

Powder Particle size distribution:

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Ensuring tight control of particle size dispersity in PureGRAPH™ powders.

Raman spectroscopy:

Raman spectroscopy – using a novel bulk powder sampling technique[2] .

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Ensuring low defect levels in the sp[2] basal plane and graphene conversion.

PureGRAPH™ 5 Bulk Properties	PureGRAPH™ 5 Bulk Properties	PureGRAPH™ 5 Bulk Properties
Particle size	Malvern	Dv(50) = 5.6 µm
distribution	Mastersizer	Dv(90) = 12.5 µm
(PSD)
ID/IG	Raman	0.17
Graphitic	Raman	None detected
content
Total oxygen	Elemental	1.4% w/w
	analysis
Total metals	ICP	0.3% w/w
Total silicon	ICP	< 1ppm
Tapped Density	ASTM	0.062 gcm-3
	D7481

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1. Malvern Mastersizer 3000 – using standard Mie theory

2. IRDG 222 Meeting and Poster Session, 20th December 2018, UCL, London

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Raman 2D band analysis:

• 2D band provides information on number of sp[2] layers.

• • Published literature[1] states that absence of graphitic band indicates < ca. 5 carbon layer.

• Bulk powder sampling method used[2] .

Conclusion:

Average GNP thickness is < 10 layers

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• Scanning Electron Microscopy (SEM): PureGRAPH™ 5

• SEM analysis of PureGRAPH™ powders.

• Direct analysis of secondary powder particles.

Conclusion:

High aspect ratio GNP particles with little agglomeration. Sizes correlate well with PSD data.

Transmission Electron Microscopy (TEM): PureGRAPH™ 5

• Analysis to NPL best practice guide[3] which isolates primary particles.

• TEM shows high content of Few Layer Graphene(FLG) platelets.

• As expected there is a range of platelet diameters.

• Example shown is a 4 um FLG showing smaller < 1 um FLGs

• Conclusion:

Product contains high levels of FLGs.

1. Ferrari, A. C. et al. Raman spectrum of graphene and graphene layers. Phys. Rev. Lett. 97, 187401, (2006). 2. IRDG 222 Meeting and Poster Session, 20th December 2018, UCL, London 3. National Physical Laboratory Good Practice Guide 145

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Benefits of PureGRAPH™ Additives

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Benefits of using PureGRAPH™ graphene additive in composites:

• Increased strength (> 30%)

• Light-weighting (> 25%)

• Increased water resistance

• Increased electrical & thermal conductivity

• Simplified manufacture

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• Reduced cost

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Benefits of using PureGRAPH™ graphene additive:

• Easily dispersed

• Increased strength

• Supreme abrasion resistance

• Increased electrical & thermal conductivity

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Benefits of using PureGRAPH™ graphene additive:

• Self-extinguishing

• Prolongs structural integrity

• Suppression of toxic and flammable volatiles

• Environmentally friendly compared with existing FR solutions

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FireStop™ timber coating

UL94=V0 and LOI = >40 on balsa.

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• Benefits of using PureGRAPH™ graphene additive:

• Stronger and lighter concrete structures[1]

• +34% in compressive strength

• +27% in tensile strength

• Reduction in material usage and carbon footprint caused by cementbased products

• Reduced water permeability for increased longevity of concrete structures

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1. With 0.02%w/w PureGRAPH™

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Benefits of using PureGRAPH™ graphene additives:

• Reduced charging times

• Extended battery life

• Thermal runaway prevention

• Enhanced charging in cold climates

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https://www.flexegraph.com/

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First Graphene offers customers a secure and consistent supply of high performing PureGRAPH™additives.

PureGRAPH™products are low-defect, high aspect ratio graphene nanopatelets with high levels of Few Layer Graphenes.

PureGRAPH™have proven performance in industrial composites, elastomers, fire retardancy and concrete.

Supply chain is established at 100 tonne/year and PureGRAPH™product registration is in place in Europe and in progress in Australia and USA.

Please stop by and visit our exhibit if you have further questions.

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PureGRAPH™ It’s all about quality

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