Sarytogan Graphite Limited · ASX:SGA
Sarytogan Graphite — IPO Roadshow (March 2022)
24 slides from Sarytogan Graphite's IPO roadshow presentation, Mar 3, 2022
Slide 1: Mammoth Country in Kazakhstan - IPO Presentation
MAMMOTH COUNTRY IN KAZAKHSTAN 3 MARCH 2022 I P O P R E S E N TAT I O N S T R I C T L Y P R I V A T E & C O N F I D E N T I A L 1
Slide 2: Disclaimer & Competent Persons' Statement
Disclaimer & Competent Persons’ Statement Important Disclaimer Neither this Presentation nor anything contained in it forms the basis of any contract or commitment and it is not You must read this notice before reading or making any use of this Presentation (defined below) or any information intende
Slide 3: Investment Highlights
Investment Highlights Following completion of the IPO in April 2022, Sarytogan Graphite will own 100% of the Sarytogan Graphite Project in Kazakhstan. The project ranks second by contained tonnage and first by TGC on the ASX amongst 22 projects owned by 19 graphite peers. Sarytogan Graphite will pur
Slide 4: High Grade and Tonnage (Versus ASX Peer Projects)
High Grade and Tonnage (Versus ASX Peer Projects) 30% Sarytogan (SGA) 25% Vittangi (TLG) Skaland (MRC) Grade (Total Graphitic Carbon) 20% Yalbra (Buxton) Burke (LEL) Jalkunen (TLG) 15% Lac Rainy (MLS) Munglinup (MRC) Lindi Jumbo (WKT) Epanko (EGR) Balama (SYR) 10% Raitajarvi (TLG) Siviour (RNU) Mahe
Slide 5: Directors & Management
Directors & Management Stephen Penrose Sean Gregory Dr. Waldemar Mueller Brendan Borg Ian Hobson Non-Executive Chairman, LLB, J.D. Managing Director, B.Sc., MBA Technical Director, PhD, M.AusIMM Non-Executive Director, B.Sc., MSc, Company Secretary, B.Bus, FCA, Grad. Dip. Stephen is the Managing Par
Slide 6: IPO Timetable
IPO Timetable Indicative Timetable1 Lodgement of Prospectus with the ASIC 23 February 2022 Exposure Period begins 23 February 2022 Opening Date 3 March 2022 Closing Date 17 March 2022 Issue of Shares under the Offers 31 March 2022 Despatch of holding statements 4 April 2022 Expected date for quotati
Slide 7: Corporate Overview
Corporate Overview Sarytogan Graphite is raising $8,659,533 (before costs) through the issue of Funds Available Amount ($) % Cash at date of IPO $42,896 0.5% Shares at $0.20 each and one Option for every four Shares held by Eligible Funds raised from the Offer $8,659,533 99.5% Shareholders1 at $0.01
Slide 8: Work Program Timetable
Work Program Timetable Improve the resource, qualify the product, determine the economics Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 Infill & Extensional Drilling Mineralogical Analysis Metallurgical Test Work Updated JORC Resource Environmental Studies Scoping Study Preliminary Offtake Discus
Slide 9: Project Location - Kazakhstan
Project Location - Kazakhstan Located in Central Kazakhstan in Karaganda Province. Kazakhstan adopted legislation based on the Western Australian Standard Subsoil-Use Code in 2018. 103.92km2 tenement area. Exploration license granted until 26 October 2022 with the right to extend for up to 6 years a
Slide 10: Sarytogan Graphite Project – Mineral Resource
Sarytogan Graphite Project – Mineral Resource Inferred Graphite Resources, TGC Cut-Off 15% Tonnes Contained Zone TGC (%) (Mt) Graphite (Mt) North 159 28.8% 46 Central 49 27.5% 14 Total 209 28.5% 60 JORC Resource estimated by CSA Global • Mineralisation extends for approximately 2.3 km for the North
Slide 11: Graphite Mineralisation from Surface
Graphite Mineralisation from Surface 11
Slide 12: North Zone Cross Sections
North Zone Cross Sections 12 Figure 4: North Zone cross section along line 2.
Slide 13: North Zone Cross Sections – Continued
North Zone Cross Sections – Continued 13 Figure 5: North Zone cross section along line 5.
Slide 14: Exploration Highlights
Exploration Highlights 2019 Drilling Highlights 83.4m@ 30.3% • DDH-ST-01 85.0 m @ 29.1% TGC from 0 m; incl. • DDH-ST-05: 110.0 m @ 26.2% TGC from 0 m; 68.0 m @ 31.5% TGC from 7.0 m downhole. incl. 68.0 m @ 30.3% TGC from 3.0 m downhole 166m@ 31.0% 85m@ • DDH-ST-02: 83.4m @ 30.3% TGC from 0 m; incl.
Slide 15: Metallurgy & Flake Size Distribution
Metallurgy & Flake Size Distribution Metallurgy • Previous metallurgical work has been limited. • Flotation and leaching with 5% sulfuric acid solution has obtained 98.6% purity of TGC. • Graphite ore processing through high temperature sintering followed by leaching with 5% sulfuric acid solution o
Slide 16: Infrastructure Advantages
Infrastructure Advantages Located close to large industrial & mining centres, Karaganda and Balkash. Connected by highway to capital Nur-Sultan (390 km) and to Karaganda City. Access to bitumen road is 6km by dirt road. 68km from nearest railway station. 2km from high-voltage power lines. Sufficient
Slide 17: Graphite Market Overview
“Our cells should be called Nickel-Graphite, because primarily the cathode is nickel, and the anode side is graphite with silicon oxide” Graphite Market - Elon Musk, CEO Tesla Motors Overview 17
Slide 18: Graphite Uses
Graphite Uses Graphite Market Terminology Graphite Price Sizing Market Terminology Graphite flake 94% C, +100 mesh, FOB China US$1,010 >300 µm (+48 Mesh) Extra-large or ‘jumbo’ flake Graphite flake 94% C, -100 mesh, FOB China US$760 >180 µm (-48 to +80 Mesh) Large flake Graphite flake 94% C, +80 mes
Slide 19: Electric Vehicle Batteries
Electric Vehicle Batteries Graphite is the major raw material in electric vehicle battery anodes... Cobalt, 8% Cobalt, 17% Cobalt, 14% Cobalt, 27% Manganese, 8% Manganese, 24% Other, 83% Manganese, 29% Nickel, 68% Cathode Nickel, 73% Nickel, 43% Nickel, 29% Lithium, 17% Lithium, 15% Lithium, 16% Lit
Slide 20: Rapid Growth in the EV Market
Rapid Growth in the EV Market Europe has invested significantly in battery production and is looking for ex. China metals supply EV’s are growing fast and are expected to continue This is in part driving growth in overall battery demand Figure 11: European Battery Production Capacity (Source: Roland
Slide 21: EV/Resource (Versus ASX Peers)
EV/Resource (Versus ASX Peers) 90 35% 79.70 80 30% 71.43 70 25% 60 47.62 20% Grade (TGC %) 50 EV/Resource 42.46 39.89 40 35.26 15% 30 22.41 10% 20.11 20 17.80 12.78 13.81 10.96 11.80 5% 10 4.34 1.66 0.30 0 0% SGA VRC SYR TON BKT BEM CRL EV1 WKT GW1 TLG MNS MRC EGR RNU EV/Resource Median (EV/Resource
Slide 22: Contacts
CONTACTS Sean Gregory Managing Director +61 08 9388 8290 Suite 8, 110 Hay Street admin@sarytogangraphite.com.au Subiaco WA 6008 Tel: + 61 8 9388 8290 Joint Lead Managers E: admin@sarytogangraphite.com.au W: www.sarytogangraphite.com.au James De Lore David Wall Corporate Finance Associate Head of Cor
Slide 23: Appendices
APPENDICES 23
Slide 24: ASX Comparables Data
ASX Comparables Data Resource - Undiluted Shares Market Enterprise Value Ticker Share Price Cash ($M) Debt ($M) Resource - Ore (Mt) Contained Grade (TGC %) EV/Resource Outstanding (M) Capitalisation ($M) ($M) Graphite (Mt) SYR 1.39 630.3 872.91 325.0 69.4 617.3 1,422.0 142.2 10.0% 4.34 RNU 0.29 1,89