Sarytogan Graphite Limited · ASX:SGA
Sarytogan Graphite — RIU Explorers Conference 2026
21 slides from Sarytogan Graphite's conference presentation, February 2026
Slide 1: Kazakhstan's Peerless Graphite Giant
Click below to watch PFS 3D animation in 3 languages: English Русский Қазақша KAZAKHSTAN’S PEERLESS GRAPHITE GIANT R I U E X P LO R E R S CO N F E R E N C E FEBRUARY 2026 1
Slide 2: The Project – What makes Sarytogan special?
The Project – What makes Sarytogan special? Peerless giant and exceptionally high-grade Mineral Resource 225Mt @ 29.2% TGC now including 5.4Mt of Measured classification.1 Positive Pre-Feasibility Study completed with staged development strategy2 Unique product strategy – microcrystalline graphite a
Slide 3: The Project – Measured Mineral Resource and Ore Reserve
The Project – Measured Mineral Resource and Ore Reserve Mineral Resource1 Zone Cut Off Classification In-Situ Total Graphitic Contained Grade (JORC Code) Tonnage Carbon (TGC %) Graphite (%TGC) (Mt) (Mt) Central 17 Measured 5.4 28.3 1.5 (2026 17 Indicated 21.4 28.8 6.2 MRE) 17 Inferred 29.7 28.9 8.6
Slide 4: The Project – PFS Staged Development Strategy
The Project – PFS Staged Development Strategy Upstream Micro Crystalline UHPF Downstream “Micro90C” Product Up to 99.9992% C Product Industrial Use Technological Use USPG & CPSG >99.99% C Product Li-ion Anodes for EVs Mining Flotation Thermal Purification Spheroidization Upstream <------------------
Slide 5: The Project – Sarytogan Compares Very Favourably to ASX Peers
The Project – Sarytogan Compares Very Favourably to ASX Peers Legend: Studies Completed Scoping Study Pre Feasibility Study Definitive Feasibility Study Operating Mine Chinese 94%C Conc. C1 Production Cost1 SGA US$250/t SGA Micro90C Refer appendix for peer comparison data. 1Chinese production cost s
Slide 6: The Products – Micro Crystalline Graphite (Micro90C)
The Products – Micro Crystalline Graphite (Micro90C) Foundry Brakes, Plastics, Rubber Wet Lubricants Dry Lubricants 6
Slide 7: The Products - Ultra High Purity Fines (UHPF) up to 99.999%C
The Products - Ultra High Purity Fines (UHPF) up to 99.999%C Alkaline Batteries Nuclear Moderator Lead Acid Batteries Defence Synthetic Industrial Diamonds 7
Slide 8: The Products – Spherical Purified Graphite (USPG and CSPG)
The Products – Spherical Purified Graphite (USPG and CSPG) Li-ion Batteries for EVs Uncoated USPG Coated CSPG Grid Energy Storage Portable Electronics 20 μm 88
Slide 9: The Market – Electric Vehicle Demand is Driving Graphite Demand
The Market – Electric Vehicle Demand is Driving Graphite Demand 1 Global car model availability by powertrain 2 announced 100% 90% Hybrid 80% 70% EVs 60% ICE 50% 40% 30% 20% 10% 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 3 Sources: 1Syrah Resources, 1Global Data, 2IEA Global
Slide 10: The Market - Natural Graphite vs Synthetic Graphite
The Market - Natural Graphite vs Synthetic Graphite • Synthetic graphite requires expensive and CO2 intensive treatment of fossil fuel by-products. • Natural graphite has higher energy density, artificial graphite has longer cycle life, both are important in the blend for li-ion batteries. • Sarytog
Slide 11: The Market - Geopolitics
The Market - Geopolitics EU Battery Passport China Dominates Graphite QR code database of provenance & USA Tariffs on China Dominate 76% of graphite mining & Now total 160% for graphite. CO2 footprint for all large batteries. 99% of spherical purified graphite.1 Source: 1Benchmark Minerals Intellige
Slide 12: Kazakhstan - Europe Cooperation
Kazakhstan - Europe Cooperation • Nov 2022 - COP27, Egypt - KZ and the EU sign MOU to cooperate on the supply of battery raw materials. • Sep 2024 - UN, New York - Minerals Security Partnership signed by 30 sovereign states including the EU, Kazakhstan and Australia. EBRD investment in Sarytogan hig
Slide 13: Kazakhstan - Mining on the One Belt, One Road
Kazakhstan - Mining on the One Belt, One Road Key Economic Facts • Top 50 GDP US$290Bn • Population 20M • US$400Bn in Foreign Investment Astana post USSR Favorable Taxation: • Corporate income tax: 20% • VAT 12% Almaty • Mineral royalty: 3.5% • Other taxes: 1.5% Affordable containerized rail to Euro
Slide 14: Kazakhstan - Lowest Quartile Power Costs Including Renewables
Kazakhstan - Lowest Quartile Power Costs Including Renewables • Kazakhstan’s power cost is in the lowest quartile globally • Land for downstream plant secured next to 500 kV sub station • Existing 50 MW solar farm (funded by EBRD), which happens to closely match project power needs and could be easi
Slide 15: Kazakhstan – Established Mining Jurisdiction
Kazakhstan – Established Mining Jurisdiction Mix of global majors, state owned, private equity and listed juniors 2018 Mining Code based off W.Aust. 40% of global uranium supply1 12th in global mining value1 13th largest oil producer1 Source: 1statistica.com 15
Slide 16: Exploration – Why Kazakh Copper?
Exploration – Why Kazakh Copper? • The Central Asian Orogenic Belt hosts many low-cost large copper-gold porphyry deposits including in Kazakhstan: Bozshakol, Aktogai, Kounrad, Nurkazgan and Koksai (each 3- 6Mt Cu) and Oyu Tolgai (30 Mt Cu, 44 MOz Au) in Mongolia. • Aligned with battery materials st
Slide 17: Definitive Feasibility Study Progress
Definitive Feasibility Study Progress DFS Elements Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 24 25 25 25 25 26 26 26 26 Trial Mine ✓ Mine Env. Permit ✓ Mining Licence Granted ✓ Pilot Milling ✓ ✓ Power Study ✓ ✓ Water Drilling ✓ ✓ Transport Study ✓ Variability Test work ✓ ✓ Env. Surveys – 4 seasons ✓ ✓ ✓ ✓ Infill D
Slide 18: Corporate Overview and Value Proposition
Corporate Overview and Value Proposition Capital Structure (Pre Sarsenov Placement) Shares on Issue (Undiluted) 201.0M Stephen Penrose Sean Gregory Dr. Waldemar Mueller Martyn Buttenshaw Director Interests 23% Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director LLB
Slide 19: Appendix – Peer Comparison Data
Appendix – Peer Comparison Data Project / Company ASX Code SGA SYR TLG TLG TLG TLG EGR RNU VRC BKT GW1 EVG IG6 MLS BUX KNG EV1 WKT MRC MRC MRC RYZ Deposit Name Sarytogan Balama Vittangi Jalkunen Raitjarvi Total Epanko Siviour Bunyu Mahenge GraphmadaManiry Spingdale Lac CarheilGraphite Bull Leliyn Ch
Slide 20: Contact
CONTACT Sean Gregory Managing Director E: admin@sarytogangraphite.com.au W: www.sarytogangraphite.com.au +61 08 9388 8290 20
Slide 21: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement Important Disclaimer Third Party Information You must read this notice before reading or making any use of this Presentation (defined below) or any information Certain information in this Presentation has been derived from third parties or publicly available informa