Syrah Resources Limited · ASX:SYR
Syrah Resources — Diggers & Dealers Mining Forum 2022
17 slides from Syrah Resources's conference presentation, Aug 1, 2022
Slide 1: Diggers & Dealers Mining Forum
For personal use only Diggers & Dealers Presentation title Mining Date here Forum August 2022 syrahresources.com.au Syrah Resources Limited – ABN 77 125 242 284 ASX: SYR DIGGERS & DEALERS – 31 July 2022 1
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, Investor Relations invitation, solicitation or recommendation in relation to the purchase or sale of shares in
Slide 3: Our Position
Our Position Syrah is a major ex-China natural graphite and active anode material (AAM) supplier for global customers, with upstream and downstream expansion potential underpinned by the world-class Balama resource For personal use only Natural graphite and Syrah is the only Balama is a 350ktpa Vida
Slide 4: EV sales and anode production volumes continue to strengthen
EV sales and anode production volumes continue to strengthen For personal use only Global EV Sales (‘000 Units)1 Chinese Anode Production (kt)2 +67% 120 104 900 Q2 2022 100 +53% 800 700 +61% +54% on Q2 2021 80 60 40 19 30 +97% 20 600 +110% +31% 0 Mar 20 Mar 21 Mar 22 Nov 20 Nov 21 Sep 20 Sep 21 May
Slide 5: Rapidly evolving market conditions are benefiting Syrah
Rapidly evolving market conditions are benefiting Syrah For personal use only ▪ Balama is a “market-critical” natural graphite operation – largest integrated mining and processing operation globally ▪ Syrah's natural graphite sales price increased by ~50% over last 18 months with higher increase in
Slide 6: Battery and natural graphite fines demand is in the early stages of growth
Battery and natural graphite fines (-100mesh) demand is in the early stages of growth – driven by EV adoption For personal use only Global EV Sales (Millions) Lithium-ion Battery Capacity (GWh) Natural Graphite Demand (kt) 90 80% 8,000 12,000 80 70% 7,000 10,000 70 60% 6,000 60 8,000 50% 5,000 50 40
Slide 7: Graphite is a high intensity material in EV batteries
Graphite is a high intensity material in EV batteries, with costs / emissions expected to drive shift towards natural graphite For personal use only Battery Mineral Composition of Batteries1 Natural Graphite Demand for Batteries2 100% 2022 Silicon LTO Other 1% 1% 0% MCMB 0% Natural 35% Metal Composi
Slide 8: Our Value Proposition
Our Value Proposition For personal use only Vertical Operating and Cost Position ESG Position Expansion Integration Development Potential ▪ AAM from Vidalia ▪ Largest integrated ▪ Cost competitive ▪ Leading ESG ▪ Significant for battery makers natural graphite AAM supply from standards and downstrea
Slide 9: Our Unique Downstream Position
Our Unique Downstream Position ✓ High grade Balama graphite feedstock processed at Vidalia For personal use only ✓ Optimised AAM product performance with customer base ✓ Expansion optionality in downstream operations underpinned by scale of Balama resource ✓ Full-chain performance with cost and ESG
Slide 10: Syrah aims to become a leading supplier of anode products
Syrah aims to become a leading supplier of anode products Our expansion strategy is underpinned by Balama’s world-class resource For personal use only Vidalia, USA Potential Asia Tolling (>20ktpa) Europe Production Base and Vidalia Secondary Potential Further Vidalia Customer Vidalia Initial Target
Slide 11: Vidalia Operations and Expansion
Vidalia Operations and Expansion ✓ Mass market drop-in AAM product developed and qualified with For personal use only customers using a fully operational and commercial-scale qualification facility ✓ Vidalia AAM tested to have excellent initial physical, chemical properties and electro-chemical perf
Slide 12: Almost all growth in natural graphite demand is for fine flake
Almost all growth in natural graphite demand is for fine flake consumed in the battery anode market For personal use only Global natural graphite fines (-100mesh) market balance (Mt)1 4 ▪ Fine flake (-100mesh) products supply the battery anode market, not coarse flake 3 ▪ ~80% of current Balama prod
Slide 13: Balama is a differentiated tier asset
Balama is a differentiated tier 1 asset Most induced projects are expected to be higher cost and coarse flake weighted For personal use only Ex-China natural graphite reserves and reserve grade1 20 ▪ Ex-China projects are required to Africa close the supply gap, but little 18 Ex-Africa new supply ha
Slide 14: Balama Highlights
Balama Highlights ✓ 50+ year reserve-backed mine life For personal use only ✓ 350ktpa natural graphite production capacity weighted to fine flake – with further expansion readily deliverable ✓ Simple, low strip, open pit mining and conventional processing to 94-98% carbon grade product ✓ Process pla
Slide 15: Balama Highlights
Balama Highlights For personal use only Balama Graphite Operation Layout ✓ Large Reserve of >100Mt Ore Reserve @ 16% TGC for 17Mt contained graphite1 ✓ Significant Resource: >1Bt Mineral Resource @ 10% TGC1 ✓ ~19% TGC current plant feed grade 2 Current ✓ Low life of mine plan strip ratios: Mining Ac
Slide 16: AAM & Natural Graphite Markets, Production, Outcomes
AAM & Natural Graphite Markets, Production, Outcomes For personal use only ▪ Current AAM supply >85% from China, balance Korea / Japan1 ▪ Balama and Vidalia critical to battery supply chains: ‒ Balama upstream internal supply and to China AAM producers ‒ Vidalia downstream supply to ex-Asia battery
Slide 17: Our Position
Our Position Syrah is a major ex-China natural graphite and AAM supplier for global customers, with upstream and downstream expansion potential underpinned by the world-class Balama resource For personal use only Natural graphite and Syrah is the only Balama is a 350ktpa Vidalia is building an AAM d
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