Syrah Resources Limited · ASX:SYR
Syrah Resources — 2018 International Battery Seminar and Exhibit
24 slides from Syrah Resources's conference presentation, Mar 21, 2018
Slide 1: Optimized for Economies of Scale: High-Performing Natural Graphite for Next-Generation Li-ion Batteries
For personal use only Optimized for Economies of Scale: High-Performing Natural Graphite for Next-Generation Li-ion Batteries 2018 International Battery Seminar and Exhibit Shaun Verner - Managing Director & CEO Christina Lampe-Onnerud – Non-Executive Director & CEO Cadenza Innovation 0
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may
Slide 3: The only major new supplier of natural graphite
Syrah Resources: The only major new supplier of natural graphite For personal use only First mover advantage – operations commenced Largest natural graphite producer • First production November 2017 • Balama Tier 1 asset: 17% grade, LoM > 50 years, • Customer shipments commenced January 2018 350ktpa
Slide 4: Strategy focussed on value; enabled by a world class deposit and fast growing market
Syrah’s strategy is focussed on value; enabled by a world class deposit and fast growing market For personal use only Goals Logic Enablers Timing Be the pre-eminent supplier of flake • Lithium-ion battery market growth • Low cost <US$400/t, toward • Transitioned to operations 1 graphite US$300/t Jan
Slide 5: Largest capacity, consistent high grade, low impurities, and long life asset
Largest capacity, consistent high grade, low impurities, and a long life asset enables Syrah Resources to be the global graphite leader For personal use only Unprecedented capacity World class ore grade First quartile position Total Graphitic Carbon Flake Graphite Cost Curve: 2018 Syrah capacity ver
Slide 6: China will become a net importer of natural graphite
China will become a net importer of natural graphite due to declining domestic graphite resources and increasing consumption in the rapidly growing Li-ion battery market For personal use only China’s domestic supply of natural flake graphite has been China’s switch from an exporter to importer of na
Slide 7: Balama deposit has the largest defined graphite reserve globally
Syrah’s high grade Balama deposit has the largest defined graphite reserve globally, with a high grade expansion option For personal use only Graphite Reserves Syrah Resources’ low-grade stockpiles at 2 – 9% TGC will be greater than most other proposed projects’ head grade 160 Syrah Resources Fully
Slide 8: Balama graphite operations commenced in 2017, ramping up
Balama graphite operations commenced in 2017, currently ramping up to becoming the largest global producer For personal use only Crushing and primary milling Flotation cells Flakes and fines drying; screening and bagging Bagged product warehouse 15MW Power station Process water storage 6
Slide 9: Global baseload supply of flake graphite and BAM to key battery markets
Syrah will provide global baseload of supply of high quality flake graphite and BAM to all key battery producing markets For personal use only 1 2 3 Flake graphite into key Battery Anode Material Flake graphite and BAM battery anode markets of for USA and export for Asia, Americas and Europe China,
Slide 10: Increased penetration of natural graphite anodes supports future demand
Increased penetration of natural graphite anodes supports future demand and helps to facilitate price reduction for Li-ion batteries For personal use only Significant difference in prices for natural and Greater use of natural graphite expected which will assist in overall battery reduction costs sy
Slide 11: BAM production will provide a strategic alternate source of anode material
9 Syrah’s BAM production will provide a strategic alternate source of anode material For personal use only Anode Supply Chain Natural Flake Graphite Battery Anode Material Anode Battery Factory Electric Vehicle kt, supply composition kt, capacity composition GWh, capacity composition GWh, capacity c
Slide 12: Natural graphite offers enhanced market access in Li-ion battery markets
Syrah offers enhanced natural graphite market access and may enable a large shift in the Li-ion battery markets globally For personal use only In anticipation of an expanding Li-ion battery market, the choice of materials will be decided by: 1. Cost 2. Reliability 3. Processability, and 4. Access Th
Slide 13: Graphite will maintain dominance and natural graphite will increase market share
Graphite will maintain dominance for the foreseeable future and natural graphite will increase market share as cost pressure increases For personal use only Artificial Graphite Natural Graphite Silicon Alloy Anodes xEV, grid xEV, grid, portable electronics Emerging but mixed with graphite presently
Slide 14: Syrah graphite will enter the market at multiple levels
Syrah’s graphite will enter the market at multiple levels and the materials meet Li-ion battery industry requirements For personal use only Syrah graphite precursor anode and finished anode materials match existing top anode performers in processability and performance 7 month benchmarking study
Slide 15: Graphite enables near-term supply and high performance product roadmaps
Syrah graphite enables both near-term supply and high performance product roadmaps for next generation technology For personal use only Precursor graphite fits into fast time-to-market products… Anode Product Launch Key Attributes • >360 mAh/g Carbon Coated H1 2019 • >92% 1st cycle efficiency Graphi
Slide 16: Precursor crystallinity matches existing Li-ion anode precursors
Syrah precursor material crystallinity matches existing Li-ion anode precursors enabling easy supply chain entry For personal use only Unpurified Syrah Spherical Competitor Syrah Precursor Spherical Competitor A Samples Graphite B Graphite (unpurified) d002 (Ǟ) 3.3572 3.3574 3.3572 Degree of 96.29 9
Slide 17: Precursor demonstrates high 365-370 mAh/g capacity
Syrah precursor demonstrates high 365-370 mAh/g capacity – near theoretical capacity of graphite For personal use only Comparison of purified precursors Syrah Precursor Capacity Measurement 372 370 Specific Capacity (mAh/g) 368 366 364 362 360 Comp A Comp B Comp C Comp D Comp E Syrah Testing conditi
Slide 18: Precursors have similar spherical shape and particle size distribution
Syrah precursors have similar spherical shape and particle size distribution as industry leading precursor materials For personal use only Spherical Natural Graphite Spherical Natural Graphite Spherical Natural Graphite Spherical Natural Graphite Comp A Comp B Comp C Syrah Source: Cadenza Innovation
Slide 19: Producing spherical natural graphite comparable to industry leaders
Syrah is producing spherical natural graphite with a structure comparable to industry leading competitors For personal use only Cross sectioning of particles with Focused Ion Beam SEM analysis Spherical Natural Graphite Comp A Syrah Spherical Natural Graphite Source: Cadenza Innovation 17
Slide 20: Precursor and finished materials match density characteristics of leading materials
Both the Syrah precursor and finished materials match the density characteristics of industry leading materials For personal use only Syrah Precursor Competitor Precursor Syrah Graphite Anode Competitor Graphite Anode Source: Results based on laboratory testing by Cadenza Innovation 18
Slide 21: Finished anode matches key surface and density characteristics
Finished Syrah anode material matches key surface and density characteristics of industry leading materials For personal use only Raman Analysis Competitor A Material Syrah Spherical Graphite G G D D Source: Results based on laboratory testing by Cadenza Innovation 19
Slide 22: Initial cycle life data from customer trials is promising
Initial cycle life data from customer trials is promising For personal use only 1C/1C cycle life data in industrial scale cells built with development materials Additional testing on pilot scale materials is in progress Source: Results based on laboratory testing by Cadenza Innovation 20
Slide 23: Entering the Li-ion Battery Market
Syrah Resources Entering the Li-ion Battery Market For personal use only Today: Sales of flake graphite from Balama Operation in Mozambique to Battery Anode Material producers Continuing development, testing and benchmarking of battery anode material from Chinese pilot plant and customer plants
Slide 24: Thank you
For personal use only Shaun Verner Thank Managing Director & CEO Syrah Resources you! Christina Lampe-Onnerud Non-Executive Director & CEO Cadenza Innovation s.verner@syrahresources.com.au clo@cadenzainnovation.com 22
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