Syrah Resources Limited · ASX:SYR
Syrah Resources — Q1 2026 Earnings Presentation
11 slides from Syrah Resources's earnings presentation, Apr 29, 2026
Slide 1: Q1 2026 Quarterly Activities Report
Q1 2026 Quarterly Activities Report 29 April 2026 syrahresources.com.au Q1 2026 Quarterly Activities Report Syrah Resources | ASX: SYR1
Slide 2: Important notice and disclaimer
Important notice and disclaimer 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 any jurisdiction. Thi
Slide 3: Syrah is the Western leader in graphite and anode materials
Syrah is the Western leader in graphite and anode materials First mover advantage as Geopolitically strategic Growing graphite market NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES ex-China partner of choice critical minerals assets driven by the battery boom Syrah is the l
Slide 4: Safety and Sustainability
Safety and Sustainability Committed to operating sustainably for our people, community and other stakeholders Group Performance 0.4 TRIFR1 Female National Vidalia Syrah will invest a further US$5m in employment employment in regional social and economic initiatives over 5 20% across 98% Mozambique 9
Slide 5: Q1 2026 Quarterly Performance
Q1 2026 Quarterly Performance Balama production demonstrated excellent recoveries and high quality Operational Highlights Financial Highlights Balama production Natural graphite sales Cash balance 24kt 20kt US$52m 86% recovery and 95% grade 85% fine to coarse sales mix as at 31 March 20261 Balama op
Slide 6: Q1 2026 Cash Flow Bridge
Q1 2026 Cash Flow Bridge Cash flow from operations impacted by higher working capital Cash flow bridge – 31 December 2025 to 31 March 2026 (US$m) (38) 77 11 0 (1) 2 0 52 Restricted cash for DOE/DFC loan reserves US$(27)m 27 Restricted cash for Cash outflow from operations 3 Balama ops1 (including sa
Slide 7: Positioning Syrah for long-term success
Positioning Syrah for long-term success NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES 1 2 3 4 Syrah is the first mover in Balama is the largest and Upon completion, the DFC is expected to have graphite with the only highest-grade graphite non-binding Strategic a 20% shareh
Slide 8: Supportive policy settings and strong growth outlook
Supportive policy settings and strong growth outlook Despite US AD/CVD not being implemented, US Government Energy transition accelerating demand for Syrah’s products interventions continue to reshape markets in Syrah’s favour Battery cell demand by geography (MWh, ex-China)4 >US$1bn p.a. 5,000 ✓ 45
Slide 9: Operational and financial outlook
Operational and financial outlook Balama Vidalia Corporate Mining and plant campaign operations Vidalia is producing high-quality AAM expected to continue to satisfy Pro forma cash balance of US$122m and has full readiness for ramp-up and contracted sales and to build an as at 31 March 2026 includin
Slide 10: Appendix
Appendix Q4 2025 Quarterly Activities Report 10
Slide 11: Vidalia AAM Technical Performance
Vidalia AAM Technical Performance ▪ Physical, chemical and electro-chemical properties of Vidalia AAM production are meeting contractual and targeted specifications ▪ Vidalia AAM quality is validated by Syrah, third-party laboratory and customer test results ▪ Cycle life testing using Vidalia AAM ma