Sarytogan Graphite Limited · ASX:SGA
Sarytogan Graphite — 121 Online & IMARC Conferences October 2025
21 slides from Sarytogan Graphite's conference presentation, Oct 14, 2025
Slide 1: Kazakhstan's Solution to Europe's CRM Graphite Needs
Click below to watch PFS 3D animation in 3 languages: English Русский For personal use only Қазақша KAZAKHSTAN’S SOLUTION TO EUROPE’S CRM GRAPHITE NEEDS 121 ONLINE & IMARC CO N F E R E N C E S O C TO B E R 2 0 2 5 1
Slide 2: The Project – What makes Sarytogan special?
The Project – What makes Sarytogan special? Peerless giant and exceptionally high-grade For personal use only Mineral Resource 229Mt @ 29% TGC1 Positive Pre-Feasibility Study completed with staged development strategy2 Unique product strategy – microcrystalline graphite at 90% and 99.999% C for adva
Slide 3: The Project - Mineral Resources and Ore Reserves
The Project - Mineral Resources and Ore Reserves Mineral Resource1 Zone JORC1 In-Situ Total Contained (>15% TGC) Classification Tonnage Graphitic Graphite For personal use only (Mt) Carbon (Mt) (TGC %) North Indicated 87 29.1 25 Inferred 81 29.6 24 Total 168 29.3 49 Central Indicated 39 28.1 11 Infe
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 For personal use only >99.99% C Product Li-ion Anodes for EVs Mining Flotation Thermal Purification Spheroidization Upstre
Slide 5: Sarytogan Compares Very Favourably to ASX Peers
The Project – Sarytogan Compares Very Favourably to ASX Peers LEGEND Studies Completed: Chinese 94% Conc. Production For personal use only Scoping Cost1 US$257/t Pre Feasibility Definitive Feasibility Operating Mine Benchmark Bubble Size: Production Rate Label = Grade % C EV/t Bubble Size: Mineral R
Slide 6: The Products – Micro Crystalline Graphite (Micro90C)
The Products – Micro Crystalline Graphite (Micro90C) For personal use only Foundry Brakes, Plastics, Rubber Wet Lubricants Dry Lubricants Previously branded Micro80C Now upgraded to 90% 6LOI
Slide 7: The Products - Ultra High Purity Fines (UHPF)
The Products - Ultra High Purity Fines (UHPF) up to 99.999%C For personal use only Alkaline Batteries Nuclear Moderator Lead Acid Batteries 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 For personal use only Uncoated USPG Coated CSPG • 30 wt% of the lithium-ion battery is graphite • 2024 test-work demonstrated1 high performance in lithium-ion batteries 20 μm 1Refer ASX: 8/2/24, 20/5/24, 11/6/24 88
Slide 9: The Market – Electric Vehicle Demand is Driving Graphite Demand
The Market – Electric Vehicle Demand is Driving Graphite Demand For personal use only 3 Source: Syrah Resources, 1Global Data, 2ICC Sino, 3Wood Mackenzie 2024 9
Slide 10: The Market - Natural Graphite vs Artificial Graphite
The Market - Natural Graphite vs Artificial Graphite Active Anode Blend 100% For personal use only 80% • Natural graphite has been created by geological 60% forces over millennia. Natural 40% Artificial • Artificial graphite requires expensive and CO2 20% intensive treatment of fossil fuel by-produc
Slide 11: The Market - Geopolitics
The Market - Geopolitics EU Battery Passport 1/2/2025 China Dominates Graphite 20/10/2023 USA Tariffs 14/7/2025 QR code database of provenance & Dominate 70% of graphite mining & 90% 160% total for Chinese Active Anode Material. For personal use only CO2 footprint for all large batteries of anode va
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, For personal use only Kazakhstan and Australia. EBRD inves
Slide 13: Kazakhstan - Mining on the One Belt, One Road
Kazakhstan - Mining on the One Belt, One Road Key Economic Facts For personal use only • Top 50 GDP US$290Bn • Population 20M • US$370Bn in Foreign Investment Astana post USSR Favorable Taxation: • Corporate income tax: 20% • VAT 12% Almaty • Mineral royalty: 3.5% • Other taxes: 1.5% Affordable cont
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 For personal use only • Existing 50 MW solar farm (funded by EBRD), which happens to closely match project power n
Slide 15: Kazakhstan – Established Mining Jurisdiction
Kazakhstan – Established Mining Jurisdiction Mix of global majors, state owned, private equity and listed juniors For personal use only 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- For personal use only 6Mt Cu) and Oyu Tolgai (30 Mt Cu, 44 MOz Au) in Mongolia. • Aligned wit
Slide 17: Definitive Feasibility Study Progress
Definitive Feasibility Study Progress DFS Elements Q4 Q1 Q2 Q3 Q4 Q1 Q2 For personal use only 24 25 25 25 25 26 26 Trial Mine ✓ Mine Env. Permit ✓ Mining Licence Granted ✓ Pilot Milling ✓ ✓ Power Study ✓ ✓ Water Drilling ✓ ✓ Transport Study ✓ Variability Test work @ 90% LOI ✓ ✓ Env. Surveys – 4 seas
Slide 18: Corporate Overview and Value Proposition
Corporate Overview and Value Proposition Capital Structure (Pre Sarsenov Placement) Shares on Issue (Undiluted) 180.9M For personal use only Stephen Penrose Sean Gregory Dr. Waldemar Mueller Martyn Buttenshaw Director Interests 26% Non-Executive Chairman Managing Director Non-Executive Director Non-
Slide 19: Appendix – Peer Comparison Data
Appendix – Peer Comparison Data Mineral Resource ASX Code SGA SYR WKT MRC-sk MRC-mu TLG RNU EGR EVG BKT EV1 MNS VRC IG6 MLS GW1 BUX Date 27/03/23 25/03/24 28/02/19 16/11/21 8/01/20 22/11/24 18/08/22 1/03/23 3/11/22 3/02/22 12/11/21 3/11/22 12/10/16 12/09/23 15/06/20 12/07/22 24/10/24 Measured Mt - 2
Slide 20: Contact
For personal use only 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 Neither this Presentation nor anything contained in it forms the basis of any contract or commitment and it is not You must read this notice before reading or making any use of this Presentation (defined below) or any intended to induce any pers
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