GREENWING RESOURCES LTD — Investor Presentation 2021

Dec 21, 2021

ASX:GW1

22 December 2021

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WWW.GREENWINGRESOURCES.COM

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Environmentally Friendly Production Of High-quality Graphene From Graphmada Graphite

A collaboration with Swinburne University of Technology

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Important Information

Disclaimer

This document has been prepared by Greenwing Resources Ltd ABN 31109933995 (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document. This document is provided on the basis that neither the Company nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the document and nothing contained in the document is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.

The document may contain forward-looking information and prospective financial material, which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access are subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure-related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Exploration Results, as well as the Competent Persons' statements. All persons should consider seeking appropriate professional advice in reviewing the document and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the document nor any information contained in the document or subsequently communicated to any person in connection with the document is, or should be taken as, constituting the giving of investment advice to any person.

Forward Looking Statements

This document 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 the Company’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. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this document constitutes investment, legal, tax or other advice.

Competent Person Statement

The information in this document that relates to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Tim McManus, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy and a full-time employee of the Company.

Tim McManus has sufficient experience that is relevant to the style of mineralization 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. Tim McManus consents to the inclusion of the information in this document in the form and context in which it appears.

Subsequent Public Reporting

The information for the JORC Mineral Resource Summary is extracted from the ASX Announcement “41% Increase in Graphite Mineral Resource to Advance Plans for Large Scale Mining and Processing Operations” released 16 March 2021, which is available to view on www.asx.com.au. 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 underpinning the estimates in the relevant market announcement 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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Advanced Materials Update

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“This is a scalable, environmentally friendly production method for graphene not linked to petroleum production or other toxic methodologies. The board is excited as to the opportunities this presents the company and its shareholders and looks forward to further innovative and market leading results from our collaboration with Swinburne.” — CEO Craig Lennon

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Graphmada Graphite Highly Suitable

GREENWING CONFIRMS GRAPHMADA GRAPHITE HIGHLY SUITABLE TO GRAPHENE & HIGH END TECHNOLOGIES

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Refractories & Metallurgical[1]

• Large Flake Graphite

• Clean, high purity concentrates

• Industry benchmark qualities

Expandables & Fire Retardants[2]

• Large Flake Graphite

• Exceptional Expandability

• Clean, high purity concentrates

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Graphene & High End Technologies

• Very high purity of 99.99 wt.% carbon achievable for premium feedstock

• High order crystalline structure

• High-quality graphene produced

Energy: Battery & Fuel Cell[3]

• Very high purity of 99.99 wt.% carbon achievable

• All parameters meet leading battery anode manufacturer specifications

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Testing and Qualification

PREVIOUS ANNOUNCEMENTS

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Greenwing aims to establish itself as a leading vertically integrated specialty carbons and advanced materials business and has made considerable progress towards this objective with the foundation of the Company’s 100% owned Graphmada Graphite Mining Complex in Madagascar.

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Graphite Exfoliation to Produce Graphene

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Production of environmentally friendly graphene

Greenwing has reached its first milestone in its research and development partnership with Swinburne University of Technology.

GRAPHENE PRODUCTION

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Liquid Phase Vacuum
Exfoliation Filtration
Graphite + organic solvent Supernatant Exfoliated graphite thin film
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Graphmada Graphite Exfoliated To High Quality Graphene

RAMAN SPECTROSCOPY

Raman spectra of graphite and graphite exfoliated in solvent (graphene)

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2.0
1.5
1.0
0.5
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Results & Next Steps

SUMMARY OF RESULTS

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NEXT STEPS

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Appendices

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Graphite Applications

BACKGROUND

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LARGE
FLAKE
GRAPHITE
PRODUCTION
FINE
FLAKE
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Current Objectives

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Graphmada’s large flake graphite under magnification.

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ACP Cladding

BACKGROUND

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Insulating Core

1. Heat from a fire will conduct quickly to the core through thin aluminum Surfaces

2. Core Melts And Can Ignite

Core loses ability to bind, causing outer skins to deform and delaminate

Aluminum Composite Panel And Its Highly Flammable Core

Source: Sydney Morning Herald, Jamie Brown

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Requirement for Fire Retardant Cladding

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While glass breakage/fallout allows fire to enter/exit, cladding allows/prevents spread

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Regular ACM Fire Retardant ACM
Secondary Fire
Rapid Secondary Fire Restricted
Fire Spread Fire Spread
Fire spreads Fire spreads is
upwards due to a restricted due to a
Secondary Fire
combustible FIRE RETARDANT or
cladding, thereby NON_COMBUSTIBLE
contributing to the cladding material
fire Secondary Fire and system
No Droplets falling
Fire breaks in & out fown to avoid furder
through glass spread and hazard
Secondary Fire to people
Flames break out
Smoke/Fumes build No Smoke / Toxic
up Secondary Fire Fumes
Secondary Fire
Initial Fire develops
and flashes over
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Internal or External Fire Incident

Fire behavior in a building with fire retardant cladding vs. regular cladding.

Source: Alucobond

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Specialty Carbon Composite Technology

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Graphite Characterisation Results

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Raman spectroscopy
XRD
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XRD Confirmed Crystallinity & Extent of Graphite Exfoliation

X-ray diffraction (XRD)

Graphite

Graphene

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80000 180
a) 160 b) 002 I ( 002 )decreased to 0.2%
70000 002 of starting material
140 graphite indicating a
60000 loss of 3D structure
120 during exfoliation in
50000 solvent
100
40000
80
30000
60
20000 40
10000 20
0 0
0 20 40 60 80 5 15 25 35 45 55 65 75
2 theta (degrees)
2 theta (degrees)
Intensity (a.u) Intensity (a.u)
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XRD diffractograms of: a) starting graphite, and b) graphite exfoliated in solvent (graphene nanoplatelets)

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Graphmada High Quality Graphite

HE-ION MICROSCOPY RESULTS

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a) b)
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Why Greenwing?

Invest in an integrated battery metals producer as the world economy enters the biggest quantum shift in energy use since the industrial revolution

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EXPOSURE TO GRAPHITE AND LITHIUM

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EXPERTISE

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EXPLORATION UPSIDE

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EMERGING MARKETS AND TECHNOLOGIES

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FOOTNOTES

1. ASX Announcement ‘Tests confirm Graphite Concentrates as Industry Benchmark’ released 23/05/17.

2. ASX Announcement ‘Tests confirm Industry Leading Expandability for Graphmada’ released 24/05/17.

3. ASX Announcement ‘Excellent Lithium-ion battery feedstock test results’ released 29/05/17.

4. ASX Announcement ‘Bass continues Advanced Materials Strategy with Agreement to Develop Specialty Carbon Composite Technology’ released on 07/04/2021.

CONTACT US

Rick Anthon Chairman

Craig Lennon CEO

This announcement has been approved by the Company’s Board of Directors for release. PO Box 15048, Brisbane Qld 4000 (07) 3063 3233 InvestorRelations@greenwingresources.com www.greenwingresources.com

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