South Star Battery Metals Corp · TSXV:STS
South Star Battery Metals — Investor Presentation (February 2025)
39 slides from South Star Battery Metals's investor presentation, February 2025
Slide 1: Corporate Presentation: Feb. 2025
Corporate Presentation: Feb. 2025 First Mover in Safe-Sourced Natural Flake Graphite in The Americas Commercial Production in 2025 TSXV: STS | OTCQB: STSBF www.southstarbatterymetals.com
Slide 2: Cautionary and Forward-Looking Statements
Cautionary and Forward-Looking Statements This presentation includes certain statements that constitute “forward-looking statements”, and the extent any forward-looking statements constitute future-oriented financial information or “forward-looking information” within the meaning of applicable secur
Slide 3: South Star Battery Metals Highlights
South Star Battery Metals Highlights Key Company Highlights • Safe-sourced graphite production in the Americas with commercial production at Santa Cruz Phase 1, Phase 2 planned S1/2027, and Phase 3 planned S2/2028 • Fully integrated vertical production planned at BamaStar including battery anode mat
Slide 4: Graphite Products & Markets
Graphite Products & Markets 5-7 Year Strategic Commercial Plan – Critical Graphite Products for Global Supply Chains Industrial Value-Added / Applications Active Anode US$500 - $3,000/t US$3,500 - $12,000/t • Diversified, broad portfolio of High Strength Steels Traditional Batteries products and sec
Slide 5: Graphite is Critical Input for Energy & Defense
Graphite is Critical Input for Energy & Defense Macro Setup & Energy Transition Revolution to Low Carbon 2018 to 2050 Growth % (t) • Perfect storm for battery metals with exploding demand and constrained supply. The average mine and Graphite 494% industrial plant takes 10-14 years to engineer, licen
Slide 6: Global Battery Market – The Perfect Storm
Global Battery Market – The Perfect Storm Stages for EV Supply Chains & Battery Manufacturing • South Star intends to be a key participant in the first three stages of battery production cycle. • Mining & Production of Graphite Concentrates • Midstream and Downstream Processing • Conductivity Enhanc
Slide 7: Battery Types & Chemistries In Use Today
Battery Types & Chemistries In Use Today Graphite is Critical - Regardless of Battery Chemistry and Design Electric Car Vs. ICE Car Battery Metals Content (kg/Vehicle) • Graphite is the largest battery metal by weight Source: Visual Capitalist & The Role of Critical Minerals in Clean Energy Transiti
Slide 8: Supply Chain Imperatives
Supply Chain Imperatives Perfect Storm: Projected Exponential Increase in Graphite Demand & Supply Squeeze • Global graphite demand is growing at >20% CAGR 2022 Supply vs. 2035 Demand driven mainly by EVs and stationary storage applications An Additional • The average mine takes 10-14 years to go fr
Slide 9: Supply Chain Imperatives
Supply Chain Imperatives Geopolitics is Highly Relevant to the Graphite Story • Natural flake graphite is critical to battery technology & production. Over the next decade, there is no scenario where the electrification revolution happens without graphite in the anode. • The DOE classifies graphite
Slide 10: Supply Chain Imperatives
Supply Chain Imperatives Provenance and Security of Supply is Increasingly Important as Industry Deglobalizes • Natural graphite is a geologically abundant mineral. • In 2022, China accounts for 68% while the top four countries account for 97% of global graphite concentrate production • U.S. current
Slide 11: Santa Cruz Graphite Mine - Brazil
Santa Cruz Graphite Mine - Brazil Ramping Up Production with Simple Proven Operations Phase 1 – 12,000 tpy 94-96% Cg Concentrates Q4 2024 Phase 2 – 25,000 tpy 94-97% Cg Concentrates Q1 2027 Phase 3 – 50,000 tpy 94-97% Cg Concentrates H1 2029 Stable, Mining Friendly Jurisdiction With 80 + years of gr
Slide 12: Phased, Modular Production – Santa Cruz Mine
Phased, Modular Production – Santa Cruz Mine Revenue and Cashflows beginning in 2025 with Go-To-Market Commercial Strategy R$405M TOTAL INVESTMENT R$156M CAPEX LIFE OF MINE – 13 YEARS (US$ 30M) (US$78M) R$182M CAPEX (US$ 35M) 2029/S1: Phase 3: Start of Commercial 2027/Q1: Production R$68M CAPEX • Ph
Slide 13: BamaStar Graphite Project – U.S.
BamaStar Graphite Project – U.S. Vertically Integrated Production In Southeast U.S. Planned by 2027 BamaStar Graphite Mine MAP (AL. US) Phase 1 – 25,000 tpy 94-97% Cg Concentrates 2027 Phase 2 – 50,000 tpy 2028/2029 94-97% Cg Concentrates Value-Add / Active Anode Plant (US) Tier 1, Mining Friendly J
Slide 14: South Star Battery Metals Highlights
South Star Battery Metals Highlights Safe Sourced, Vertically Integrated Graphite Production In the Americas • Production starting at 5-7 Year Strategic Plan Santa Cruz in Q4 2024. Santa Cruz BamaStar • 100,000 tpa of graphite concentrates & Graphite Mine Graphite Mine 60,000tpa of value-add (Brazil
Slide 15: South Star Battery Metals - PEA Overview
South Star Battery Metals - PEA Overview Premier Integrated Graphite Production In the Americas Diversified, Scalable Complementary Mines in Alabama and Brazil with superior existing infrastructure and large upside potential. Optionality to accelerate Assets in Tier 1 Jurisdictions production quickl
Slide 16: Leveraging Government Support
Leveraging Government Support The America’s First Mover in Safe Sourced Graphite • Execution driven management team with proven track- record as mine builders and operators. • First new graphite production in the Americas since 1996 • Phased, fully integrated vertical production included battery ano
Slide 17: STS Share Information & Comparables
STS Share Information & Comparables Stock Information as of Jan. 31, 2025 Cap Table (000s)* Total Outstanding 60,112 Warrants @ $1.22 29,652 Options @ $0.42 1,475 RSUs 0 Fully Diluted 91,239 Market Cap @ CAD $0. 51 $30.7M “We don’t have any more time to waste. Every 1M EVs would require 80,000t of g
Slide 18: 2025 STS Value Creation Catalysts
2025 STS Value Creation Catalysts First New Graphite Production in the Americas Since 1996 Santa Cruz Graphite Mine Alabama Graphite Project • Phase 1 Ramping-up Commercial ✓ NI43-101 Preliminary Economic Assessment Production (2025) (Q4/24) • Step-up to 12,000tpy capacity • Preliminary Environmenta
Slide 19: TSXV: STS | OTCQB: STSBF
TSXV: STS | OTCQB: STSBF www.southstarbatterymetals.com For more information, please contact: Richard Pearce CEO/President South Star Investor Relations +1 (604) 706-0212 X3002 Email: invest@southstarbatterymetals.com Email: info@southstarbatterymetals.com Web: www.southstarbatterymetals.com Twitter
Slide 20: Appendix 1 – Santa Cruz Graphite Mine (Bahia, Brazil)
APPENDIX 1 – SANTA CRUZ GRAPHITE MINE (Bahia, Brazil) www.southstarbatterymetals.com 20
Slide 21: Investment Highlights
Investment Highlights Santa Cruz De-risked All licenses & Stepping Low OPEX Proven tested into production Low permits are valid environmental risk in proven producing process circuit & up-to-date in phases district MEDIUM Low Low capital geological risk intensity LOW HIGH PROJECT RISK Established ut
Slide 22: Santa Cruz Graphite Mine
Santa Cruz Graphite Mine Phase 1 In Construction INFRASTRUCTURE COMPETITIVE ADVANTAGES Excellent Infrastructure Itabela Major port 1.3 km Power, gas, water all of Ilheus is 270 km away via Experienced workforce from paved within 5 km paved federal nearby highway highways Federal BR 101 New Itabela S
Slide 23: Global Battery Market
Global Battery Market Brazil - Premier Battery Metals Jurisdictions • Brazil is the largest graphite producer of high-quality graphite outside of China with 80+ years of continuous production and 3rd most important country in EV Battery Supply Chain. Graphite Supply 2020 EV Supply Chain Ranking by C
Slide 24: Global Battery Market
Global Battery Market Brazil - Premier Battery Metals Jurisdictions Top 3 Most Profitable Operating Mines in World are in Located in Brazil www.southstarbatterymetals.com 24
Slide 25: Santa Cruz World-Class Flake Sizes
Santa Cruz World-Class Flake Sizes Representative Santa Cruz Graphite Project Flake Percentage +80 Mesh Concentrates Mesh Size (#) Distribution %Cg 30# 4% 95% 50# 32% 95% 80# 27% 97% 140# 17% 97% -140# 20% 97% Recovery 88% +50 mesh with 98% Cg and +99.9% Cg concentrates were also produced during tes
Slide 26: 2019 Santa Cruz Update Resource Estimate
2019 Santa Cruz Update Resource Estimate* The 2019 updated Resource Estimate shows strong geologic potential and continuity of high-quality graphite mineralization in friable, easily mined, weathered materials. New areas with at-surface mineralization were discovered, and the deposit is open both al
Slide 27: 2020 Santa Cruz Preliminary Feasibility Study
2020 Santa Cruz Preliminary Feasibility Study* The financial analysis in 2020 PFS shows very favourable and robust results that highlight the Santa Cruz Project’s advantages in Santa Cruz Graphite the graphite sector. Mineral Reserves Summary* Key Financial Results Mineral In-situ Post-tax NPV5% US$
Slide 28: Santa Cruz - US$28M Sprott Stream Financing
Santa Cruz - US$28M Sprott Stream Financing Long-term strategic partnership with Sprott Resources Streaming & Royalty Corp. • The Phase 1 stream payment has a US$10M cash consideration to fund 100% of required Phase 1 CAPEX, which allows South Star to start construction in the next 45-60 days with c
Slide 29: Phase 1 – Licensing & Permitting
PHASE 1 – LICENSING & PERMITTING • Phase 1 Environmental Permit Approved for 4 Years Oct 15, 2020 • Phase 1 Environmental Permit Renewed Dec 19, 2024 • GU Mining License Approved for 4 Years by ANM on Dec 31, 2020 • Phase 1 Construction Permit Approved Sept 15, 2022 • Phases 2 & 3 Environmental Perm
Slide 30: Appendix 2 – BamaStar Graphite Project (Alabama, U.S.)
APPENDIX 2 – BamaStar Graphite Project (Alabama, U.S.) www.southstarbatterymetals.com 30
Slide 31: Alabama Graphite Belt - History
Alabama Graphite Belt - History www.southstarbatterymetals.com 31
Slide 32: Alabama – BamaStar Graphite Project
Alabama – BamaStar Graphite Project • Detailed surface mapping • Pilot Scale Metallurgical Test Work NI43-101 TR • 2022 Diamond Drilling Campaign • Mineralogical Studies • NI 43-101 Mineral Resource Estimate & Technical Report – 04/2023 • 2023 Diamond Drilling Campaign • Materials Physical/Chemical
Slide 33: South Star Battery Metals - PEA Highlights
South Star Battery Metals - PEA Highlights Geology, Resource Estimate & Mine Life Cg • Increased resources 2.4x from 2023 maiden resource % estimate (22Mt) • Past Producer with low-risk, simple operations • Scalable, Large Expansion Potential - Open at depth and along strike • In process of negotiat
Slide 34: South Star Battery Metals - PEA Highlights
South Star Battery Metals - PEA Highlights CAPEX, OPEX & Production Ramp-Up LOM CAPEX Mine OPEX Value-Add OPEX 34
Slide 35: South Star Battery Metals - PEA Highlights
South Star Battery Metals - PEA Highlights CAPEX, OPEX & Production Ramp-Up LOM Economics LOM Cashflows 35
Slide 36: Appendix 3 Corporate Structure / Team
APPENDIX 3 CORPORATE STRUCTURE / TEAM TSXV: STS | OTCQB: STSBF www.southstarbatterymetals.com 36
Slide 37: Corporate Structure
Corporate Structure South Star Battery • South Star Battery Metals Corp. is a public company, Metals Corp. traded on the Toronto Venture Stock Exchange (TSXV: STS) under the symbol STS and on the OTCQB under symbol STSBF. 100% 100% • Brasil Graphite Corp. is a wholly-owned subsidiary incorporated in
Slide 38: Leadership Team
Leadership Team BOARD OF DIRECTORS Marc Leduc Chairman Priscila Costa Richard Pearce Eric Allison Roger Mortimer Dan Wilton Exec. Director Indep. Director Lima Indep. Director Indep. Director Indep. Director MANAGEMENT Richard Pearce President & CEO Tyler Dinwoodie Samantha Shorter Rich Vigil CCO CF
Slide 39: ESG & Sustainability
ESG & Sustainability ESG & Sustainable Production is part of our Corporate DNA ENVIRONMENTAL + SOCIAL + GOVERNANCE ✓ Renewable sources provide 80% of ✓ First major industry in the region ✓ Review, evaluate and update Brazilian energy generation ✓ Committed to responsible, equitable regularly governa
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