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SPARC TECHNOLOGIES LIMITED Investor Presentation 2025

May 7, 2025

65846_rns_2025-05-07_c3de447b-a4d5-4fa7-8fc4-24a2ec51bfeb.pdf

Investor Presentation

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ASX: SPN

The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.

This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. In providing this presentation Sparc Technologies Limited ACN 009 092 068 (“SPN”) has not considered the financial position or needs of the recipient.

Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors.

This document may contain forward-looking statements with respect to the financial condition, results of operations, and business strategy of SPN. These forward-looking statements are based on estimates, projections and assumptions made by SPN about circumstances and events that have not yet taken place. Although SPN believes the forward looking statements to be reasonable, they are not certain. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond SPN’s control, and which may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results). SPN makes no representation or warranty as to the accuracy of any forward-looking statements in this presentation and undue reliance should not be placed upon such statements. Forward-looking statements may be identified by words such as “aim”, “anticipate”, “assume”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “should”, “will”, or “would” or the negative of such terms or other similar expressions that are predictions of or otherwise indicate future events or trends.

The forward-looking statements included in this presentation speak only as of the date of this presentation. SPN does not intend to update the forward-looking statements in this presentation in the future. Certain statistical and other information included in this presentation is sourced from publicly available third-party sources and has not been independently verified.

This presentation is not a disclosure document for the purposes of Chapter 6D of the Corporations Act 2001 (Cth) and does not purport to include the information required of such a disclosure document. It has not been lodged with or approved by any regulatory authority, such as the Australian Securities and Investments Commission or the Australian Securities Exchange.

The information in this presentation does not constitute personal investment advice. This presentation is not intended to be comprehensive or provide all information required by investors to make an informed decision on any investment in the Company. Specifically, this presentation does not purport to contain all the information that investors and their professional advisers would reasonably require to make an informed assessment of the Company’s assets and liabilities, financial position and performance, profits, losses and prospects. In preparing this presentation, the Company, did not take into account the investment objectives, financial situation and particular needs of any particular investor.

There are a number of risks specific to SPN and of a general nature which may affect the future operating and financial performance of SPN and the value of an investment in SPN, including and not limited to SPN’s capital requirements, the potential for shareholders to be diluted, budget risks, and operational risks. An investment in securities is subject to known and unknown risks, some of which are beyond the control of SPN.

SPARC TECHNOLOGIES (ASX: SPN)

Sparc Technologies is an ASX listed (SPN) developer of two transformative technologies

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Leading the Next-Generation Green Hydrogen Revolution

Tackling the Global Corrosion Challenge using Graphene

  • Disruptive Technology: Sparc’s photocatalysis technology uses only sunlight and water to produce green hydrogen — without electrolysers.

  • Global Market Opportunity: Additive for the US$43 billion anticorrosion coatings market, for extending steel asset longevity.

  • World-Class Partners: Sparc is partnered with Fortescue and the University of Adelaide within the Sparc Hydrogen JV.

  • Real-world Trials: With the SA Govt , BHP Mitsubishi , Santos and 29Metals to validate ecosparc[®] enhanced coatings on infrastructure.

  • Scalable and Low-Cost: Solar-driven process requires less energy and infrastructure and offers significant potential cost advantages.

  • Key Benefits: 46x ROI for asset owners via extended time between maintenance events plus CO2 savings.

  • Key Catalysts: First-of-its-kind pilot plant under construction in Roseworthy, South Australia, with commissioning expected in mid-2025.

  • Key Catalysts: Positive results from ecosparc[®] field trials reported in April 2025, with further trial outcomes expected in H1 2025, positioning the technology for commercialization in FY26.

SPARC TECHNOLOGIES (ASX: SPN)

$17m

110m

Shares on issue

Market Cap*

$0.16

$2.7m

Share price*

Cash**

~42%

6.0%

Top 20 s/holders University of Adelaide

Board & Management

Nick O’Loughlin Simon Kidston

Daniel Eddington

Dr Denis Wright

Kristen Kubank Paul Baccanello

Key Partners

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  • As at 7 May 2025 ** As at 7 May 2025 following settlement of T1 Placement Shares referred to in ASX announcement on 1 May 2025 Link

SPARC TECHNOLOGIES (ASX: SPN)

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On 1 May 2025 Sparc announced a Placement and Share Purchase Plan (SPP) to raise up to A$2.7 million (before costs) from the issue of up to 18m new Sparc shares at A$0.15 per new share (Offer Price).

Placement: A$2.2 million placement to professional and sophisticated investors completed under Sparc’s existing LR 7.1 and 7.1A capacity[1] .

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Share Purchase Plan[1] : Non-

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underwritten SPP seeking to raise up to A$500K. Eligible shareholders are offered the opportunity to subscribe for up to A$30,000 worth of Sparc shares at the Offer Price.

Sparc reserves the right to accept oversubscriptions under the SPP.

Event Time (AEST) / Dates
Trading halt and capital raise launch Tuesday 29 April 2025
SPP Record Date 7.00pm Wednesday 30 April 2025
Announce completion of placement and trading halt lifted Thursday 01 May 2025
Dispatch of SPP Offer Booklet and SPP opening date Thursday 08 May 2025
SPP closing date 5:00pm Thursday 29 May 2025
Announcement of SPP results and issue of SPP Shares Thursday 05 June 2025

Note: The above timetable is indicative only and subject to change.

Proceeds from the capital raise are intended to be used to:

  • Advance field trials and commercialisation activities for ecosparc[®] following positive initial results;

  • Support Sparc’s investment in Sparc Hydrogen;

  • Continue R&D and patent-related activities; and

  • General working capital.

Sparc Hydrogen is fully funded through to mid-2026, following Stage 2 investment proceeds from Sparc and Fortescue received in Q1 2025.

SPARC TECHNOLOGIES (ASX: SPN)

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Sparc Technologies (ASX:SPN)
SunHydrogen (US:HYSR)
Gold Hydrogen (ASX:GHY)
Hazer (ASX:HZR)
Hyterra (ASX:HYT)
Pure Hydrogen Corp. (ASX:PH2)
Iron Road (ASX:IRD)
NH3 Clean Energy (ASX:NH3)
NanoXplore (TSX:GRA) $462m
Zentek (TSX:ZEN)
Graphene Manu. Group (TSX:GMG)
Hydrograph (CSE:HG)
Black Swan Graphene (TSX:SWAN)
Adisyn (ASX:AI1)
First Graphene (ASX:FGR)
$- $50 $100 $150 $200 $250
Market Capitalisation, AUD$m
Hydrogen peers
Graphene peers
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Next Generation Green Hydrogen Technology

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SPARC HYDROGEN
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>US$200bn Addressable Market

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Current Market: Hydrogen (H2) is a ~95Mtpa existing industry, primarily used in ammonia production for fertilisers, methanol for plastics and to remove sulfur from fuels.

Environmental Impact: Current hydrogen production generates over 1Gt of CO2 emissions annually, accounting for 2.5% of global emissions —equivalent to the entire aviation sector. There is an existing need to transition to green hydrogen to decarbonise the current hydrogen industry.

Huge Growth Potential: Green hydrogen is essential for decarbonising sectors like steelmaking, chemicals, cement, high-temperature heating, aviation, shipping, and heavy road transport, with demand projected to increase sixfold . by 2050[1]

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Commodity demand (Mtpa)
Hydrogen (2022)
Aluminium
Copper
Nickel
Lithium
Cobalt
- 20 40 60 80 100
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Source: Public filings

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SPARC HYDROGEN
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Investment in Green Hydrogen Continues…

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“Construction of the USD-8.4-billion (EUR 7.85bn) Neom green hydrogen plant in northwestern Saudi Arabia is progressing significantly…” (May-24)

“CIP (Copenhagen Infrastructure Partners) subsidiary to build a $10bn hydrogen project in Oaxaca, Mexico by 2028” (Dec-24)

“Morocco approves six green hydrogen projects with a total investment value of $32.8bn…” (Mar-25)

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BP takes final investment decision on a 100MW green hydrogen facility in Lingen, Germany” (Dec-24)

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SPARC HYDROGEN
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…Despite Challenges For Existing Technology

Green hydrogen from electrolysis faces major challenges in achieving commercial and technical viability at scale

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Infrastructure challenge

Scale & flexibility challenge

Cost challenge

  • HV electricity transmission

  • Large scale ‘on-grid’ projects

    • Expensive…
  • Social licence issues

  • Lengthy development times

  • Solar PV, Wind, Batteries, Electrolysers

  • High capex

  • Due to high power costs;

  • And high electrolyser capex

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SPARC HYDROGEN
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The Future Is Photocatalysis

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Zero-electricity Low cost Solar driven

Scalable Emission-free

Photocatalysis produces H2 from H2O without electricity The simplicity of photocatalysis drives potential for very low costs Sunlight is the only energy input driving the reaction

Utilises a concentrated solar system which is inherently scalable Water + sunlight = green hydrogen

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SPARC HYDROGEN
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Positioned to Deliver: Best-in-Class Partners

Funding for the JV is secured until mid-2026 with potential for additional grants

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36% Sparc Hydrogen shareholder [1]
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JV management and coordination

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36% Sparc Hydrogen shareholder[1] Global leader in green hydrogen

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28% Sparc Hydrogen shareholder[1] Developer and contributor of IP[2]

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Technology commercialisation expertise

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Substantial project development experience

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Leading R&D work and providing lab facilities

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SPARC HYDROGEN
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Unique & Patented Technology

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Sparc Hydrogen is one of the only companies

combining concentrated solar with photocatalytic water splitting (PWS), advantages being:

  • Reduced photocatalyst use.

  • Modular and scalable mirror fields.

  • Increased efficiencies and heat generation.

Sparc Hydrogen’s reactor is being designed to:

  • Slot into an off-the-shelf linear Fresnel field.

  • Utilise by-product heat for industry use or power generation.

First patent granted in January 2025 with 17 additional jurisdictions under review.

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SPARC HYDROGEN
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Pilot Plant Commissioning Expected Mid-2025

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Construction of a first-of-its-kind pilot plant utilizing Sparc Hydrogen’s concentrated solar based PWS system is underway.

The pilot plant will be located at the University of Adelaide’s Roseworthy Campus, ~50km north of Adelaide in South Australia.

The plant will utilize Sparc Hydrogen’s scalable reactor design and will represent a key milestone in derisking the technology.

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Construction commenced in March 2025 and plant is expected to be commissioned in mid-2025.

Construction activities at the Roseworthy pilot plant during early April 2025

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SPARC HYDROGEN
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Modularity Drives Ability To Scale Quickly

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Commercial scale linear Fresnel field in Spain (28 x ~1km mirror rows) generating ~30MW electricity

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SPARC HYDROGEN
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Simplicity Drives Low-Cost Potential

Photocatalysis

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Low infrastructure
requirements / capex
Solar energy Solar Concentrator Green H2
with PWS reactor
Electrolysis
Solar energy Solar PV HV Electrical Infrastructure Electrolyser Green H2
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Electrolysis

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Green H2
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SPARC HYDROGEN
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The Green Hydrogen Race Is On…

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Conventional green hydrogen (electrolysis) projects will not reach industry and Government cost targets until well into the 2030s, at best.

As the costs and limitations of electrolysis projects have become clear, there is an increasing push towards developing new technologies which can unlock the substantial opportunity for green hydrogen to decarbonize existing hydrogen use cases and other hard to abate industries.

Sparc Hydrogen is in the right place at the right time with a substantial commercialisation

window providing an opportunity for a next generation low cost photocatalysis production technology.

Green hydrogen production costs using electrolysis[1]

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14.0
12.0
10.0
8.0
6.0
4.0
2.0 Next Generation Hydrogen: Commercialisation window
-
2025 2030 2035 2040 2045 2050
Range Mid-point
Levelised Cost of Hydrogen (US$/kg)
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GRAPHENE

Unique Approach to a Next Generation Super-material

18

GRAPHENE

The Problem – Corrosion Of Steel

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The Cost and Carbon Problem

~$6 trillion direct and indirect costs associated with the impact of corrosion globally per annum[1]

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Corroded steel replacement accounts for up to 3.4% of global greenhouse gas (GHG) emissions[1]

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The Business Interruption Problem

Safety risks

Asset shutdowns

Productivity loss

GRAPHENE

Protective Coatings Market Opportunity

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Global
Anti-Corrosive
Market Size:
US$43 Billion
by 2029 [1]
Addressable portion of global a/c market (25%)
Value of additive relative to coating (10%)
Est. Addressable Market ~US$1 Billion2
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GRAPHENE

About

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What is it?: eco sparc[®] is a graphene-based additive for protective coatings - Sparc is not a paint company.

Performance Boost: Added at ~2% by weight, ecosparc[® ] significantly enhances existing protective DSTG coatings used on steel assets to combat corrosion. Key Benefits: By extending the time between maintenance cycles, ecosparc[®] delivers substantial cost, emissions, productivity and safety benefits.

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lower maintenance costs[1]

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reduction in carbon emissions[1]

GRAPHENE

Overcoming The Graphene Challenge

Sparc Technologies are world leaders in the long-term stable dispersion of graphene to facilitate its effective integration into polymer-based materials.

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Re-agglomerated Graphene Post Dispersion
Dispersion
Level
< 20%
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Dispersion
Level
94%
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Effective dispersion of graphene particles has been a significant problem for the graphene industry

GRAPHENE

How Graphene Inhibits Cracking & Corrosion

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Wine rack analogy – graphene flexes laterally and takes up stress from the polymer matrix, increasing resiliency and acting as a shock absorber.

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Fractured surface of graphene modified epoxy at high magnification shows cracks terminating at graphene particles.

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Crack
termination
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GRAPHENE

Significant Value-in-Use For Asset Owners

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Independent lifecycle assessment (LCA)[1] completed in August 2023.

eco Modelled impact of using sparc[®] enhanced paint on a major Australian port with 57,883m of recoatable steel.

Cost and emissions savings over 50year asset life were based on a conservative 26% improvement in corrosion resistance[2] .

Analysis does not include any returns from potential productivity benefits or life extensions.

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7.0
6.0
5.0
4.0
46x Return on
3.0
Investment
2.0
1.0
-
Additional cost of Ecosparc Savings per maintenance cycle
A$m
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~A$34m Lifetime savings in steel recoating costs[3,4]

~750t Lifetime reduction in carbon emissions[3]

See ASX Announcement 30 August 2023 Link See ASX Announcement 12 September 2023 Link

GRAPHENE

Field Trials With Major Asset Owners Underway

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In 2024, Sparc commenced collaborative field trials using ecosparc[®] enhanced coatings on relevant steel infrastructure in a variety of operational environments. The purpose of the field trials is as follows:

  • Derisking ecosparc[®] enhanced coatings for commercial use.

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Streaky Bay Jetty, Eyre Peninsula, SA

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Port Bonython, Upper Spencer Gulf, SA

  • Demonstrating market interest for better performing anticorrosive coatings from significant asset owners.

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  • Working towards inclusion of ecosparc[®] enhanced coatings on asset owner specifications.

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  • Positive results from initial inspections at Streaky Bay were reported in April 2025.

Golden Grove Mine, Yalgoo, WA

BHP Mitsubishi Alliance, Qld

GRAPHENE

Development Pathway

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2025
Customer
✓ 2024
[
Field trials acceptance and
✓[ 2023 commenced with adoption
Commercial
major asset owners
manufacturing capability
established and
independent LCA [1]
✓ 2022/24
[
Internal testing to
ISO standards in
commercial
products
✓ 2020/21
[
Initial
proof of
concept
Our goal is to sell materials, processing know-how and licenses
to maximise the market reach and value for ecosparc [®]
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GRAPHENE

Pathway To Market

Dual track approach to commercialising ecosparc[®] within the US$43 billion[1] global anti-corrosive coatings market:

  1. Sparc is actively working with global coatings companies, regional coatings companies and additive suppliers on testing and trials.

  2. Partnering with large asset owners to test ecosparc[®] on relevant steel infrastructure under real-world conditions via field trials.

With field trial results and lab testing in commercially applicable products and specification programs culminating in 2025, Sparc expects commercial acceptance and adoption of ecosparc[®] enhanced products in FY26.

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Customer Engagement Status [2]
# 25
20
15
10
5
-
Active NDAs Active testing programs Field trials
Paint / additive companies Asset owners
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GRAPHENE

Other Target Applications

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Anti-fouling Coatings

  • Fouling is the result of accumulation of marine growth, resulting in reduced vessel speed, increased bunker consumption and high cleaning costs.

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  • Sparc is developing antifouling technology ( biosparc[TM] ) which substantially reduces fouling on marine infrastructure.

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  • Sparc, together with Flinders University, was recently awarded a ~$350k grant from the Australian Government to further develop the technology.

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Composites & Plastics

  • Composites are two or more distinct materials that, when combined, create a new material with enhanced properties.

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  • Sparc’s graphene additives are being tested in multiple applications in composites and plastics (including bioplastics and recycled plastics) targeting improved flexibility, strength, conductivity and elasticity.

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INVESTMENT OPPORTUNITY

29

SPARC TECHNOLOGIES (ASX: SPN)

2025 is a transformative year for Sparc Technologies – Green hydrogen derisking and ecosparc[®] commercialisation

Appointment of Genex Founding Director Simon Kidston to the Board (Dec-24)[1] Sparc Hydrogen Proceeds to Stage 2 Pilot Plant (Jan-25)[2] Sparc Hydrogen Secures First Patent (Jan-25)[3] ecosparc® field trial with BHP Mitsubishi Alliance (Feb-25)[4] Construction of first-of-its kind pilot plant commences (Mar-25)[5] Positive ecosparc® field trial results at Streaky Bay (Apr-25)[6] Q2 25 Pilot plant construction updates Q2 25 Grant funding results Mid 25 Pilot plant commissioning and operations 1. ASX Announcement 20 November 2024 Link 2. ASX Announcement 6 December 2024 FY26 Link ~~e~~ cosparc® commercial acceptance and adoption

Link 3. ASX Announcement 16 January 2025 Link 5. ASX Announcement 12 March 2025 Link Link 4. ASX Announcement 7 February 2025 Link 6. ASX Announcement 28 April 2025 Link

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Contacts
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Nick O’Loughlin Aiden Bradley