Slide 1: NextSource Materials: Molo Graphite Mine and Planned Battery Anode Facility
NextSource Materials Molo Graphite Mine and Planned Battery Anode Facility (BAF)
Slide 2: Graphite – underappreciated demand thesis amongst battery metals
Graphite – underappreciated demand thesis amongst battery metals LFP NMC Lithium 17% Lithium 15% Cathode (+) Nickel 29% Iron & 83% Phosphate Manganese 29% Cobalt 27% Graphite Graphite Anode (-) Silicon / other <5% Silicon / other <5% 2 | © NextSource Materials Inc.
Slide 3: Graphite – significant supply gap emerging given Chinese dominance
Graphite – significant supply gap emerging given Chinese dominance Flake graphite demand is projected to grow significantly in the next 10 years. RULE of THUMB: It takes c 2.2t of flake graphite to produce 1t of anode active material (AAM). 3 | Source: Benchmark Minerals Intelligence 2025 © NextSour
Slide 4: NextSource overview
NextSource overview KEY PROJECTS Company Overview: NextSource Materials Inc. (NEXT:TSX) is a graphite company with industry leading graphite deposits and proven technology to upgrade graphite concentrate into battery anode material. The company is focused on becoming a fully integrated, global suppl
Slide 5: Molo graphite mine - Madagascar
Molo graphite mine - Madagascar 5 | © NextSource Materials Inc.
Slide 6: A world-class asset
A world-class asset Molo deposit is extremely large and easily expandable. 100.37 million tonnes (MT) RESOURCES; above a 2% C cut-off Measured & Indicated Resources 23.62 MT Measured @ 6.32% C @ 6.3% C, above a 2% C cut-off 76.75 MT Indicated @ 6.25% C 40.91 MT Inferred @ 5.78% C 53.75 MT Reserves R
Slide 7: Shipments to customers underway
Shipments to customers underway Trial container shipments of SuperFlake® concentrate have now been received by customers for verification. 7 | © NextSource Materials Inc.
Slide 8: Offtake partners
Offtake partners SuperFlake® Graphite SPG & Intermediate Anode SuperFlake® Graphite for for Refractories Materials for North American Refractories & Graphite Foils EV Market Refractories 10-year offtake agreement Multi-year offtake agreement 10-year offtake agreement forwith Steel Industry thyssenkr
Slide 9: Offtake signed with Mitsubishi Chemical Corp to Supply SuperFlake Anode Material
Offtake signed with Mitsubishi Chemical Corp (MCC) to Supply SuperFlake® Anode Material for the North American EV Market / Tier 1 OEM HIGHLIGHTS Binding, multi-year offtake agreement with Japan’s largest chemical company and a leading supplier of anode active material (AAM) to OEMs NextSource and MC
Slide 10: Molo mine offers significant expansion opportunity
Molo mine offers significant expansion opportunity In production, ramping up to nameplate target (15-17,00 tpa) with production output balanced to market demand and quality High-quality SuperFlake® concentrate produced across 4 main flake sizes (-100, +100, +80, +50) Modular expansion consider with
Slide 11: NextSource's proven technical process for AAM provides key competitive advantage
NextSource’s proven technical process for AAM provides key competitive advantage Molo’s SuperFlake® graphite concentrate has been verified and pre-qualified into major OEM supply chains Significant competitive advantage with established technical process allowing Nextsource to fast track the time an
Slide 12: Advanced discussion to secure BAF development in UAE
Advanced discussion to secure BAF development in UAE PILOT PLANT - MAURITIUS COMMERCIAL OPERATIONS – MIDDLE EAST Pilot plant has qualified our SPG/CSPG material with Tier 1 EV Technical Study previously completed based on KSA location with positive economics supply chain partners Focused development
Slide 13: Conformance to the highest environmental standards and transparency
Conformance to the highest environmental standards and transparency De-risking operational performance and addressing ESG requirements through: Building resilient relationships with regulators, communities and customers to ensure/secure our social license to operate Embedding well-resourced ISO-comp
Slide 14: IFC to provide US$91M debt facility for Molo phase 2 mine expansion
IFC to provide US$91M debt facility for Molo phase 2 mine expansion Mandate Letter executed with International Finance Corporation IFC to lead consortium for US$91M of debt funding for Molo expansion to 150k tpa Equates to ~50% of expected total capital cost (as per 2023 Feasibility Study) Will assi
Slide 15: Investment thesis and competitive advantage
Investment thesis and competitive advantage Significant value unlock through delivery of growth strategy underpinned by continued robust battery materials Strong Market Demand: Surging demand for graphite, with ex-China anode sources increasingly seen as critical due to US tariffs on graphite (160%)
Slide 16: TSX: NEXT OTCQB: NSRCF
XT SOURCE materials SuperFlake” TSX : NEXT OTCQB: NSRCF