Ecograf Ltd. · ASX:EGR
Ecograf — 2026 IMARC Conference
34 slides from Ecograf's conference presentation, Oct 27, 2026
Slide 1: 2026 IMARC Conference
27 October 2026 2026 IMARC Conference EcoGraf’s HFfree Vertically Integrated Supply Chain for Lithium-ion Battery Market. ASX: EGR FSE: FMK
Slide 2: Disclaimer
Disclaimer Securities Disclaimer Competent Person and Compliance Statements This document is for informational purposes only and does not constitute an offer to sell, or solicit to purchase, any securities. The information in this presentation that relates to Exploration Results for the Golden Eagle
Slide 3: Corporate Snapshot
Corporate Snapshot Market Cap: Stock Listings Major shareholders A$114.6 million ASX: EGR FSE: FMK Australian Securities Exchange Frankfurt Stock Exchange (Börse Frankfurt) 52-week range: 45.3% A$0.19 - A$0.680 HFfree 49.8% Facilities Ordinary Shares EU 4.9% on Issue: US DEMAND DEMAND ASIA Board & M
Slide 4: Our Board and Management Team
Our Board and Management Team BOARD & DIRECTORS ADVISORY BOARD CHRISTER MHINGO DR PETER SCHUHMACHER ROBERT PETT ANDREW SPINKS JOHN CONIDI SVEN OLSSON In Country Director Advisory Board Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director EXECUTIVE MANAGEMENT Experience
Slide 5: Strategic Vertically Integrated Business
Strategic Vertically Integrated Business Upstream Epanko Mine Midstream Mechanical Shaping Facility Large-scale, development-ready graphite Value-addition processing in Tanzania through the micronising and spheronising of natural project in Tanzania, offering compelling graphite concentrate. This me
Slide 6: Lithium-ion Battery Anode Cell Manufacturing
Lithium–ion Battery Anode Cell Manufacturing From mining to integrated battery materials Value, margins and strategic importance increases Downstream Global Battery Manufacturing Markets MINING MECHANICAL PURIFICATION COATING ANODE CELL SHAPING MANUFACTURING • Extraction • Micronisation • Chemical p
Slide 7: Lithium-ion Battery Manufacturing Hubs (Ex-China)
Lithium-ion Battery Manufacturing Hubs (Ex-China) Finland Sweden Germany Poland Canada France Hungary Compelling new global Spain South Korea Japan business opportunity to Portugal U.S. Morrocco develop raw material and anode supply chains India Vietnam In 2025 the battery market Malaysia value was
Slide 8: EcoGraf HFfree Progresses European Industrial Site
EcoGraf HFfree® Progresses European Industrial Site Supporting Europe's push for secure, sustainable and diversified graphite and battery material supply chains. • Advancing assessment of a preferred German industrial site for a 25,000tpa EcoGraf HFfree® purification facility POLAND: • Location woul
Slide 9: Natural High-Purity Graphite and Battery Anode Demand
Natural High-Purity Graphite and Battery Anode Demand Natural global graphite demand is NATURAL GRAPHITE DEMAND BY END-USE SECTOR forecast to significantly increase through the high-purity graphite and battery anode ’000 Tonnes Batteries Refractories Foundries & castings Friction Products market Rec
Slide 10: Structured Project Financing Strategy Advancing
Structured Project Financing Strategy Advancing • Targeting optimal mix of senior debt, equity and strategic participation aligned with international project finance standards • KfW IPEX-Bank leading US$105M senior debt under German Government UFK program for Stage 1 (73,000 tpa) • Project meets key
Slide 11: Strategic Project Equity Process and Value Proposition
Strategic Project Equity Process and Value Proposition Focus is on securing strategic project equity for Stage 1 of the Epanko Project through partnerships in Midstream and Downstream developments in the lithium-ion battery manufacturing hubs Process progressing with large pool of target groups incl
Slide 12: Upstream Epanko Mine
Upstream Epanko Mine KfW IPEX-Bank mandated for UFK Loan up to PRIORITIES US$105M for development of Epanko • Stage 1 - 73,000tpa BFS complete with the Debt financing program progressing potential 20% increase to 87,600tpa Mwanza Project execution planning • ‘Life of Mine’ Special Mining Licence (SM
Slide 13: Epanko Project Advantages
Epanko Project Advantages Key advantages to drive lowest cost feedstock for lithium-ion battery market TRANSPORT DISTANCE 450km TO PORT EPANKO MINE 75km TO RAIL MINERAL RESOURCE ESTIMATE ORE RESERVE ORE RESERVE GRADE AVERAGE THICKNESS 8.2% 200 300 21 57 % 250 200 150 290 TGC 100 MILLION MILLION METR
Slide 14: Epanko BFS Key Highlights for Stage 1 – 73,000tpa
Epanko BFS Key Highlights for Stage 1 – 73,000tpa Low-cost, high margin graphite project with market-leading technical advantages and rigorous independent bank due diligence complete US$516M 31.1% 73,000tpa Pre-tax NPV10% Internal rate of return Stage 1 production – First 15 Years US$181.2M US$85.7M
Slide 15: Epanko – Largest Development Ready Resource in Africa
Epanko – Largest Development Ready Resource in Africa • Epanko will provide long-term scalable lowest-cost natural graphite feedstock MINE LAYOUT for the Company’s downstream development • Extensive engineering studies, drilling and resource evaluation undertaken that’s delivered a new mine design w
Slide 16: Epanko Processing Plant Flythrough
Epanko Processing Plant Flythrough PLANT FLYOVER VIDEO > https://tinyurl.com/ypmd7vme PROCESSING PLANT VIDEO > https://tinyurl.com/4k859b2h ASX:EGR FSE: FMK October 2026 www.ecograf.com.au 16
Slide 17: Increased Production Lowers C1 Cost
Increased Production Lowers C1 Cost Supports Growing Customer Demand for Graphite • 20% production increase identified for Stage 1 capacity, from 73,000tpa to 87,600tpa. • Lower operating costs, with first 10-year C1 costs reduced 5.8% to approximately US$512/t. • Expansion achievable with minimal p
Slide 18: Midstream Mechanical Shaping Facility
Midstream Mechanical Shaping Facility Positioning to be first development PRIORITIES supporting Tanzanian Government’s Secure financing arrangements ‘Vision 2030’ value-addition strategy • Ifakara identified as the preferred location Mwanza Finalise offtake agreements Arusha • 75km from Epanko mine
Slide 19: Mechanical Shaping Facility
Mechanical Shaping Facility • Accelerated development pathway through completed engineering studies • Extensive testwork programs delivering high yields of ~60% • Independent engineering study completed for 20,000tpa Stage 1 Facility Cost Operating Cost US$58.6m US$419/t • European Investment Bank g
Slide 20: Product Qualification Facility (PQF)
Product Qualification Facility (PQF) Jointly funded under the Australian Government’s A$48.9 million Critical Minerals Development Program, with EcoGraf receiving A$2.9 million in grant funding for the PQF PQF piloting facility developed using r EcoGraf HFfree® Chemical Purification Technology ✓ Con
Slide 21: Downstream Chemical Purification Facilities
Downstream Chemical Purification Facilities Industry-leading low-cost driving growth, PRIORITIES supported by legislation advancing Formalise strategic partnerships for sustainable, diversified supply chains commercial scale production • Product qualification facility (PQF) programs Evaluate develop
Slide 22: HFfree Battery Anode Material Development History
HFfree Battery Anode Material Development History Extensive testwork, bench scale and piloting programs completed underpins and derisks EcoGraf HFfree® processing technology PQF Delivers HFfree Cost Major Project Status Competitiveness Approved by Australian Government Australian Patents 1 & 2 Grant
Slide 23: EcoGraf HFfree Process Advantages
EcoGraf HFfree® Process Advantages HIGHLY EFFECTIVE CHEMICAL PROCESS TO REMOVE IMPURITIES FROM NATURAL GRAPHITE & CARBON MATERIALS Proprietary technology Low-cost Intellectual property security process Competitive economics advanced including: compared to the other • Europe, Malaysia, South Korea, C
Slide 24: Downstream Financial Metrics for 25,000tpa Facility
Downstream Financial Metrics for 25,000tpa Facility Financial metrics based on U.S. location confirms high margin business US$282M 39% 25,000tpa Pre-tax NPV10% Internal rate of return Stage 1 production – First 15 Years US$95M US$42M US$478/t Stage 1 Capex (real) Annual EBITDA (real) Processing cost
Slide 25: EcoGraf HFfree Purification Delivers Industry-leading Cost
EcoGraf HFfree® Purification Delivers Industry-leading Cost Significant cost advantage confirmed via PURIFICATION OPERATING COST COMPARISON - U.S. LOCATION updated benchmarking study 1,200 • Updated cost comparison based on global engineering & construction consultancy, comparing EcoGraf HFfree® 1,0
Slide 26: Leading Lowest-Cost to Drive Production Growth
Leading Lowest-Cost to Drive Production Growth Epanko feedstock combined with Industry Leading Lowest-Cost1 EcoGraf HFfree® Midstream and HFfree delivers significant cost advantage as alternative to peers Feedstock Cost $544 Mechanical Shaping Cost $419 • EcoGraf positioned to be the leading lowest-
Slide 27: HFfree Technology Supports Global Battery Recycling
HFfree Technology Supports Global Battery Recycling EcoGraf HFfree® purification supports closed PRIORITIES loop recycling and battery circular economy Feedstocks supplied by EV and • Essential for maximising battery manufacturer battery manufacturers to advance to piloting processing efficiency and
Slide 28: Low Cost, High Margin with Leading ESG
Low Cost, High Margin with Leading ESG EcoGraf HFfree® Vertically Integrated Battery Anode Materials Business Integrated from mine-to-battery anode material, capturing value across the supply chain Epanko Graphite Project provides a long-life, high quality graphite feedstock Proprietary HFfree purif
Slide 29: HFfree Development Pathways on a Global Scale
HFfree Development Pathways on a Global Scale Partnerships through Strategic Project Equity Process to Drive Downstream Chemical Purification Facilities in the Lithium-ion Battery Manufacturing Hubs GOVERNMENT SUPPORT EU DEMAND Germany, France, Poland, Hungary, Spain, Portugal, Sweden, Finland U.S.
Slide 30: Value-Add Gold Assets
GOLDEN FRONTIER Value-Add Gold Assets Decades of in-country and geological expertise allows us to explore Tanzania’s gold frontiers ASX: EGR FSE: FMK
Slide 31: Golden Frontier – Investment Highlights
Golden Frontier – Investment Highlights US$9m AngloGold Ashanti farm-in agreement at Golden Eagle commenced Southern Frontier delivering phenomenal results including 4.45 g/t gold rock chip & 3 km anomaly at Hazina Projects proximal to gold mining centres, including high-grade Winston gold deposit,
Slide 32: Targeting Proterozoic Gold Mineralisation - Frontier Projects
Targeting Proterozoic Gold Mineralisation - Frontier Projects OUR PROJECTS N Northern Frontier Major Gold Projects NORTH MARA +70 Moz gold Archean Golden Frontier Project Lake Victoria Goldfield Archean Gold Project GEITA Proterozoic Gold Project NYANZAGA Proterozoic Terrain Archean Terrain BUCKREEF
Slide 33: The future is electric with EcoGraf HFfree purification and Tanzanian graphite
The future is electric with EcoGraf HFfree® purification and Tanzanian graphite 18 Richardson Street, West Perth WA 6005 info@ecograf.com.au www.ecograf.com.au ASX: EGR FSE: FMK
Slide 34: Appendix
Appendix 1 Table 1 – Epanko MRE >5.5% TGC JORC Tonnage Grade Contained Graphite Classification (Mt) (%TGC) (Kt) Measured 32.3 7.8 2,500 Indicated 55.7 7.5 4,200 Measured+ Indicated 88.0 7.6 6.710 Inferred 202.8 7.2 14,310 Total 290.8 7.2 21,010 Notes for Table 1: Tonnage figures contained within Tab