Ecograf Ltd. · ASX:EGR
Ecograf — Shareholder Meeting (November 2023)
38 slides from Ecograf's shareholder meeting presentation, Nov 27, 2023
Slide 1: Annual General Meeting Investor Presentation
For personal use only Annual General Meeting Investor Presentation 27 November 2023
Slide 2: Disclaimer
Disclaimer Securities Disclaimer Competent persons This document is for informational purposes only and does not constitute an offer to sell, or solicit to purchase, any securities. Such offer can be made only through proper subscription documentation and only to investors meeting strict Any informa
Slide 3: Our business
Our business Building a vertically integrated battery anode materials business to produce high purity graphite products for the For personal use only lithium-ion battery and advanced manufacturing markets EXTRACT UPGRADE RECYCLE Duma TanzGraphite EcoGraf HFfreeTM Anode Natural Graphite Battery Anode
Slide 4: Corporate snapshot
Corporate snapshot Market capitalisation2 Cash balance1 Shares on issue2 at 30 September 2023 For personal use only A$79.3M A$34.7M 453M Share Price2 Stock Exchange Listings Major shareholders2 A$0.175 ASX: EGR Australian Securities Exchange Other Top 20 37.7% Board and management FSE: FMK 50% First
Slide 5: Our board and executive team
Our board and executive team For personal use only Robert Pett Andrew Spinks John Conidi Keith Jones Howard Rae Christer Mhingo Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Chief Financial Officer Director Tanzania Robert is a Mineral Andrew is a Geologist Keit
Slide 6: High growth lithium-ion battery market
High growth lithium-ion battery market Global graphite demand (000’s tpa) For personal use only 2023 250 Demand for LiB forecast to grow 446 446 811 2030 3,120 +30% CAGR over next 10 years Million Tonnes World Bank reports Natural graphite to 10 New supply required to meet graphite is the key increa
Slide 7: Latest recognition and support for our developments
Latest recognition and support for our developments For personal use only 25 OCTOBER 30 OCTOBER – 1 NOVEMBER 31 OCTOBER – 2 NOVEMBER EcoGraf included in US White EcoGraf invited to round table Australian Minister for Resources, House briefing room statement by discussion with German President, Hon M
Slide 8: 2023 Key achievements
2023 Key achievements EXTRACT UPGRADE For personal use only • Framework agreement signed with Tanzanian Government • Patent granted in the US • POSCO cooperation agreement • Responded to market dynamics on BAM facility development plans with advanced partnership discussions in progress • Pre-develop
Slide 9: Outlook and focus for 2024
Outlook and focus for 2024 EXTRACT For personal use only • Debt financing for Epanko development • Front End Engineering Design • Epanko construction and development • Expansion and advancing the mechanical shaping UPGRADE • Development of Product Qualification Facility in Australia • Formalise stra
Slide 10: Latest legislation changes supporting new supply chains
Latest legislation changes supporting new supply chains Russia BREAKING NEWS For personal use only EU Green Deal IRA & MSP China introduce new laws Norway to restrict graphite exports Ukraine Canada from 1 Dec 2023 including flake, spherical and China Pakistan synthetic graphite 800,000t Export Rest
Slide 11: US and EU legislation supports new supply chains
US and EU legislation supports new supply chains EcoGraf’s ESG credentials are aligned to the new climate change policies For personal use only Inflation Minerals Security Reduction Act (IRA) Partnership (MSP) • Credit $3750: Critical • Critical minerals are • Responsible sourcing minerals extracted
Slide 12: EcoGraf battery anode material business
EcoGraf battery anode material business 2023 LEGISLATION For personal use only Inflation Reduction Act (IRA) and Minerals Security Partnership (MSP), have pushed development and funding into localised resources in North America with tax credits supporting new supply chains. The EU Green Deal and Cri
Slide 13: Our development history
Our development history MAR 38% increase in Epanko mineral resources PRODUCT TESTING Signing of Tanzanian AND ENDORSEMENT MAR Major Project Status Framework Agreement For personal use only Approved by Australian APR COMMENCES Government Completion of Epanko pre-development program JUL Epanko bankabl
Slide 14: Proprietary processing technology
Proprietary processing technology IP protection - International Examining Authority For personal use only deems all 25 patent claims novel and inventive Patent granted by US Patent and Trademark Office. Product made (outside of the US) by a patented process (patented in the US), would be an infr
Slide 15: Epanko graphite is high performing with low emissions
Epanko graphite is high performing with low emissions use only Superior Energy Performance Study Confirms low CO2 footprint 364 362 capacity (mAh/g) 23.1 Kg CO2 eq. per kg CSPG 360 Synthetic Graphite Anode Material personal 358 356 Standard Natural 14.3 Kg CO2 eq. per kg CSPG Graphite Anode Material
Slide 16: Strong Government support for the mining sector
Strong Government support for the mining sector Tanzania is open for investment President Hassan is promoting increased cooperation with businesses to encourage more “We have everything when we foreign direct investment in Tanzania For personal use only talk about green energy...” • Targeting mining
Slide 17: Epanko natural flake graphite project
EXTRACT Epanko natural flake graphite project EPANKO • Development ready - project defined and de-risked, For personal use only commencing at 73,000tpa with potential to significantly expand production to meet market demand1 Natural Graphite • Evaluation of multi-stage expansion of Epanko in progres
Slide 18: Epanko Framework Agreement
Epanko Framework Agreement • Partnership entered into on 17 April 2027 in For personal use only the presence of Tanzanian President Her Excellency Samia Suluhu Hassan • New joint venture entity Duma TanzGraphite to develop and operate Epanko Signing of the Framework Agreement on 17th April 2023• Dum
Slide 19: Optimised flowsheet design and future expansion
Optimised flowsheet design and future expansion • Detailed process testwork completed: SINGLE STREAM EXPANSION ASESSMENT • Independent testing conducted For personal use only • Rigorous testing of flowsheet dynamics to produce desirable product properties for both industrial uses and high growth lit
Slide 20: Attractive financial returns for Epanko
Attractive financial returns for Epanko Platform for High Value Future Expansion Key Production Metrics For personal use only Physicals Unit 2023 Update Physicals Unit 2023 Update NPV (10%, pre tax) US$M 348 Initial years Years 18 IRR (pre tax) % 36 Strip Ratio Waste : Ore 0.27 Payback Period (pre t
Slide 21: Updated operating costs for Epanko
Operating Updated operating Cost Update costs for Epanko US$/T US$M PRE-DEVELOPMENT RESULTS CONCENTRATE For personal use only Mining Cost 112 • Reduction in Drill & Blast requirements for oxide material. Process Plant Cost 211 80% Free Dig. G&A Cost 56 • Mine schedule run on 850,000t/year, producing
Slide 22: Duma TanzGraphite natural graphite project
Duma TanzGraphite natural graphite project CONTAINED JORC TONNAGE GRADE GRAPHITE Epanko 38% Resource CLASSIFICATION (MT) (%TGC) (MT) For personal use only increase supports future Ore Reserve of 11.7Mt @ 8.32%TGC Epanko Mineral Resource estimate >5.5% TGC1 expansion to meet Total (Measured, 128.2 7.
Slide 23: Epanko expansion - Western ridge line
Epanko expansion - Western ridge line Total MRE 128.2Mt (2.15km Drilled) For personal use only Epanko Western Zone expansion drilling and trenching recently completed Visit by the Presidential Special Negotiating Committee 23
Slide 24: Established logistics infrastructure
Established logistics infrastructure Epanko logistics strategy – road transport to Dar es Salaam For personal use only • Via Ifakara, to Morogoro and then onto the Bolloré yard in Dar es Salaam • Semi-trailers carrying 26 tonne loads • Requires eight trucks per day transporting bagged graphite produ
Slide 25: Environmental and social planning
Environmental and social planning Epanko to make a significant contribution to Tanzania For personal use only Community benefits Epanko standards Renewable energy Economic growth • Direct contribution to the economy over 40+ years through procurement of goods and services, employment, royalties, tax
Slide 26: Tanzanian mechanical shaping facility
Tanzanian mechanical shaping facility Reducing spherical graphite production and logistics costs for delivery to purification facilities • Location study completed incorporating the mechanical shaping testwork, engineering and design programs For personal use only completed by EcoGraf’s battery anod
Slide 27: UPGRADE Downstream battery anode materials
UPGRADE Downstream battery anode materials Global expansion driven by EV demand • Australian Government support for commercial scale development through Major Project status, and legislation to encourage new and Project of State Significance status and For personal use only more sustainable supply c
Slide 28: Expansion strategy and growth opportunity
Expansion strategy and growth opportunity Positioning EcoGraf For personal use only purification and anode recycling 30 capability in global 25 226 EV and battery hubs 24 Gigafactory Developments1 1 Product Qualification Facility Purification Recycling Large pool of battery makers and electric vehic
Slide 29: Extensive SpG product qualification completed
Extensive SpG product qualification completed Typical product specifications for EcoGraf™ SpG Significant product samples, Fe <15 ppm Carbon content >99.95% including various grades of For personal use only Moisture <0.2% Ni < 6 ppm Zn < 5 ppm spherical graphite, tested pH-Value 6-8 Cr < 5 ppm succe
Slide 30: RECYCLE Lithium-ion battery anode recycling
RECYCLE Lithium-ion battery anode recycling ECOGRAF HFFREE™ PURIFICATION SUPPORTS CLOSED LOOP RECYCLING For personal use only EcoGraf Anode • Objective: Recover battery anode Material Recycling materials to provide customers lower battery costs and CO2 emissions: KEY ACTIVITIES 1 Production Anode Sc
Slide 31: Europe's push for lithium-ion battery recycling
Europe’s push for lithium-ion battery recycling EcoGraf’s key focus is on production anode scrap which is aligned with the volume and Distribution of recyclable material (in GWh, kt) For personal use only timing of Europe’s recyclable materials 5 20 100 475 1,000 (~10 kt) (~70 kt) (~460 kt) (~2,650
Slide 32: Recycled anode material performance & recognition
Recycled anode material performance & recognition HELMHOLTZ - INSTITUTE : EIT award winning For personal use only German research program confirms RecoBAMTM matches the electrochemical performance of newly manufactured commercial battery graphite. Blending (2:1) significantly Global Warming Potentia
Slide 33: Lithium-ion battery largest carbon emissions for EV's
Lithium-ion battery largest carbon emissions for EV’s Electric vehicle OEM’s pursuing ‘closed loop’ manufacturing for all For personal use only critical battery minerals, including graphite The battery represents over 40% of total carbon emission footprint from EV manufacturing Reference (No Canary,
Slide 34: Our products and trademarks
Our products and trademarks EcoGraf HFfree™ battery anode materials only EXTRACT use NATURAL FLAKE GRAPHITE PRODUCTS For personal UPGRADE ELECTRIC VEHICLES, HYBRID CARS/ POWER TOOLS CAST & GREY CAST STEEL AA, AAA, Li-ION CEM LUBRICANTS, THERMAL STORAGE PACK & 3C APPLICATION FOUNDRY/EAF FURNACE CATHO
Slide 35: Our partners
Our partners For personal use only Australian and German Government Support Memberships and Affiliations 35
Slide 36: Value proposition
Value proposition For personal use only Integrated battery anode material business positioning for the global transition to clean energy and e-mobility Integrated value Near term Environmentally Global footprint to High growth chain focused on project focussed capture regional battery market develop
Slide 37: Uniquely positioned for the battery supply chain
Uniquely positioned for the battery supply chain Innovative Value Focussed For personal use only • Over 8 years of technical work programs and extensive • Downstream processing strategy centered on producing product qualification with a range of potential customers purified spherical graphite for a
Slide 38: The future is electric.
For personal use only The future is electric. www.ecograf.com.au ASX: EGR FSE: FMK OTCQX: ECGFF