Slide 1: NextSource Materials
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 2 | © NextSource Materials Inc.
Slide 3: Graphite – significant supply gap emerging given Chinese dominance
Graphite – significant supply gap emerging given Chinese dominance 3 | Source: Benchmark Minerals Intelligence 2025 © NextSource Materials Inc.
Slide 4: Molo graphite mine - Madagascar
Molo graphite mine - Madagascar 4 | © NextSource Materials Inc.
Slide 5: 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 Rese
Slide 6: NextSource overview
NextSource overview Company Overview: NextSource Materials Inc. is a leading 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 supplier of critical
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: 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
Slide 9: Competitive advantage in producing battery anode material
Competitive advantage in producing battery anode material Molo’s SuperFlake® graphite concentrate has been verified and pre-qualified into major OEM supply chains Significant competitive advantage with established technical process allows Nextsource to fast track the time and capital-intensive R&D a
Slide 10: Advanced discussion to secure BAF development
Advanced discussion to secure BAF development PILOT PLANT - MAURITIUS COMMERCIAL OPERATIONS – MIDDLE EAST • Pilot plant has qualified our SPG/CSPG material with Tier 1 • Technical Study completed based on KSA location with positive economics EV supply chain partners • Additional locations also under
Slide 11: 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-
Slide 12: Investment thesis
Investment thesis NextSource is at a pivotal point in its development. Need to rapidly scale operations to meet expected demand. • A secure, sustainable and non-FEOC supply source of a critical battery material • Uniquely able to offer a high-quality, active anode material using established and prov
Slide 13: TSX : NEXT OTCQB: NSRCF
N -AT SO UR RCE SuperFlake” TSX : NEXT OTCQB: NSRCF