Ecograf Ltd. · ASX:EGR
Ecograf — Investor Presentation (September 2025)
33 slides from Ecograf's investor presentation, Sep 1, 2025
Slide 1: Corporate Presentation
For personal use only Corporate Presentation HFfree Vertically Integrated BAM Delivers Industry-Leading Low Cost September 2025
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 The information in this report that relates to Mineral Resources is based on, and fairly reflects, information compiled by Mr. For
Slide 3: Our business
Our business Building a vertically integrated battery anode materials business to produce high purity graphite products for the lithium-ion battery and advanced manufacturing markets For personal use only ECOGRAF VERTICALLY INTEGRATED BATTERY ANODE MATERIALS BUSINESS Epanko Graphite Mechanical Shapi
Slide 4: Corporate snapshot
Corporate snapshot1 Board & Management Stock Listings Major shareholders1 Robert Pett ASX: EGR FSE: FMK For personal use only Non-Executive Chair Australian Securities Exchange Frankfurt Stock Exchange (Börse Frankfurt) 43.6% Andrew Spinks Managing Director 52.0% John Conidi Purification Anode Non-E
Slide 5: Geopolitical and market drivers for new supply
Geopolitical and market drivers for new supply GLOBAL LEGISLATION DRIVING NEW ANODE MATERIAL SUPPLY GLOBAL MONTHLY EV SALES (‘000 UNITS)1 2,000 2022 2023 2024 For personal use only Chinese Restrictions 1,800 • China dominates the graphite market with near 100% 1,600 using their HF purification proce
Slide 6: Natural graphite demand
Natural graphite demand Global graphite demand is forecast to overtake projected Natural flake graphite is the key raw material used in supply from 2026 Lithium-ion anode manufacturing 2030 forecast over 3.0Mt of natural graphite will be For personal use only Increased % natural graphite to
Slide 7: Supply risk for defence applications
Supply risk for defence applications Graphite is considered ‘Very High Risk’ for defence and peace keeping applications Aluminium Beryllium Copper Iron/Steel Neodymium Samarium Tellurium Vanadium Barium Gold Gallium Lithium Niobium Thorium For personal use only Graphite Chromium Dysprosium Lanthalum
Slide 8: China dominance creating supply diversification
China dominance creating supply diversification CHINA’S DOMINANCE IN GRAPHITE PRODUCTS 2018 vs 2025 Compelling demand and For personal use only diversification supports EcoGraf’s vertically integrated BAM development strategy Source: BMI SUPPLY DIVERSIFICATION • Western recognition has shifted: grap
Slide 9: Government support for the mining sector
Government support for the mining sector TANZANIA'S MINING SECTOR: A BEACON OF GROWTH AND SUSTAINABILITY President Samia Suluhu Hassan is promoting mining in Tanzania by For personal use only strengthening legal frameworks, encouraging foreign investment, and supporting local participation “look at
Slide 10: Upstream Epanko Graphite Project
UPSTREAM Epanko Graphite Project KfW IPEX-Bank mandated for UFK loan up to US$105m For personal use only Mine and Mineral Processing • Stage 1 - 73,000tpa of natural graphite Facility to Produce Natural with staged expansion plan to Flake Graphite >300,000tpa • Framework Agreement signed with Tanzan
Slide 11: Epanko stage status update
Epanko stage 1 status update • German Government Inter-Ministerial Committee positive Preliminary Review Decision on UFK Cover for long-term UFK loan funding of up US$105m For personal use only • Completion of independent Environmental & Social Due Diligence Report and Action Plan • Independent Engi
Slide 12: Epanko graphite project
Epanko graphite project A group of people working on a construction site Epanko deposit is the largest development ready Mineral Description automatically generated Resource in Africa providing a long-term scalable lowest-cost For personal use only natural graphite feedstock for the Company’s downst
Slide 13: Epanko project advantages
Epanko project advantages Key advantages to drive lowest cost feedstock for lithium-ion battery market TRANSPORT DISTANCE For personal use only 450km TO PORT EPANKO MINE 75km TO RAIL MINERAL RESOURCE ESTIMATE ORE RESERVE ORE RESERVE GRADE AVERAGE THICKNESS 8.8% 200 300 21 82 % 250 200 150 290 TGC 10
Slide 14: Epanko processing plant layout
Epanko processing plant layout For personal use only A green circle with a white arrow in it Description automatically generated VIEW FLYOVER VIDEO > https://tinyurl.com/ypmd7vme 14
Slide 15: Infrastructure
Infrastructure POWER Julius Nyere Hydroelectric Ifakara Substation – EU Funded Power Project • Epanko stage 1 - 2.8MW power requirement For personal use only • TANESCO Ifakara substation funded by EU and opened 2024 • Finalising power supply agreement with TANESCO to connect 33kV Epanko line at Mahe
Slide 16: History of community and social support
History of community and social support • PreIWD 2024 continues and grows • Supply of roofing materials for a new with president H.E Samia Suluhu classroom at the Nawenge Hassan as the guest of honour Secondary School For personal use only • Road construction – 3.5km • Construction of additional bui
Slide 17: Epanko development contribution to Tanzania
Epanko development contribution to Tanzania Economic growth Uplifting Community For personal use only Direct contribution to the economy through procurement of goods and services, employment, royalties, taxes and dividends. Positive Impact Multiplier effect with an estimated Transformational inter-
Slide 18: Midstream mechanical shaping facility
MIDSTREAM Mechanical shaping facility Positioning to be first development that supports Tanzanian Governments ‘Vision 2030’ value-addition strategy For personal use only Mechanical shaping of natural • Ifakara identified as the preferred location flake graphite to produce Spherical Graphite (SpG) •
Slide 19: Mechanical shaping facility design
Mechanical shaping facility design • Extensive testwork programs delivering high yields of ~60% For personal use only • Independent engineering study completed for 20,000tpa Stage 1 Facility Cost Operating Cost US$58.6m US$419/t • Positive discussion with European Union (EU) Tanzanian delegation sup
Slide 20: Downstream HFfree purification facilities
DOWNSTREAM HFfree purification facilities Industry-leading lowest cost to drive new developments and expansion supported by legislation to encourage sustainable supply chains For personal use only EcoGraf HFfree® Purification of SpG to • Product qualification facility (PQF) programs produce purified
Slide 21: EcoGraf HFfree process advantages
EcoGraf HFfree® process advantages HIGHLY EFFECTIVE CHEMICAL PROCESS TO REMOVE IMPURITIES FROM NATURAL GRAPHITE & CARBON MATERIALS For personal use only Low cost Proprietary technology Competitive economics • Europe patent submission compared to the other • U.S. Patent granted No. 11,702342. purific
Slide 22: EcoGraf HFfree delivers industry-leading low cost
EcoGraf HFfree® delivers industry-leading low cost • Forecast process operating cost for initial 25,000tpa facility reduced by 25% to US$478/t driven by process design For personal use only breakthroughs and process efficiencies, • Financial metrics robust for an initial 25,000 tpa facility based on
Slide 23: EcoGraf HFfree purification cost advantage
EcoGraf HFfree® purification cost advantage Significant cost advantage PURIFICATION OPERATING COST COMPARISON - US LOCATION confirmed via updated For personal use only 1,200 benchmarking study • Updated cost comparison based on initial 1,000 global engineering & construction consultancy, comparing E
Slide 24: HFfree battery anode material development history
HFfree battery anode material development history Extensive testwork, bench scale and piloting programs completed underpins and derisks HFfree processing technology PQF Delivers HFfree Cost Competitiveness Australian Patent For personal use only Major Project Status Approved by Australian Granted Go
Slide 25: Product Qualification Facility (PQF)
Product Qualification Facility (PQF) A person in a factory AI-generated content may be incorrect. For personal use only A green circle with a white arrow in it Description automatically generated PLAY VIDEO PLAY VIDEO 25
Slide 26: EcoGraf HFfree vertically integrated BAM supply
EcoGraf HFfree® vertically integrated BAM supply Graphite Product Flow and Process Flowsheet For personal use only UPSTREAM MIDSTREAM Epanko Graphite Mine Ifakara Mechanical Shaping Facility Natural flake -100 mesh Material Micronising Spheronising Spheronising graphite 96%C Handling Mills Mills Cyc
Slide 27: Anode recycling
RECYCLE Anode recycling EcoGraf HFfree® purification supports closed 3 loop recycling and battery circular economy • Essential for maximising battery manufacturer For personal use only EcoGraf HFfree® purification processing efficiency and compliance with technology applied to regulatory waste manag
Slide 28: Corporate commitment to leading ESG standards
Corporate commitment to leading ESG standards Our team is committed to the highest standards in terms of environment, For personal use only social and governance responsibility, including developing and implementing planning frameworks that are aligned with the following IFC Performance Standards (“
Slide 29: Epanko feedstock technical advantage over China
Epanko feedstock technical advantage over China TECHNICAL ADVANTAGE OF EPANKO FEEDSTOCK COMPARED TO CHINA High concentrate grade 96-98% carbon vs China 92-94% carbon For personal use only Higher grade means less impurities to remove during purification process and graphite market hierarchy, that
Slide 30: EcoGraf's development strategy
EcoGraf’s development strategy Pathways advancing for establishing HFfree facilities in Europe, US and Asia For personal use only Headquarters and PQF Upstream Epanko Graphite Mine Midstream Ifakara Shaping Facility Downstream Purification Facilities in Global Battery Hubs* Recycling plants to be co
Slide 31: Environmental and technical advantages
Environmental and technical advantages KEY ADVANTAGE OF ECOGRAF VERTICALLY INTEGRATED BAM SUPPLY For personal use only Epanko Graphite Mechanical Shaping Purification Anode Project Facility Facilities Recycling UPSTREAM MIDSTREA M DOWNSTREAM RECYCLING ✓ High Ore Grade ✓ High Yields ✓ Low Cost Chemic
Slide 32: Corporate Social Responsibility (CSR) achievements
Corporate Social Responsibility (CSR) achievements For personal use only A green circle with a white arrow in it Description automatically generated PLAY VIDEO PLAY VIDEO 32
Slide 33: The future is electric with EcoGraf HFfree purification and Tanzanian graphite
The future is electric with For personal use only 18 Richardson Street, EcoGraf HFfree® purification West Perth WA 6005 info@ecograf.com.au and Tanzanian graphite www.ecograf.com.au ASX: EGR FSE: FMK EcoGraf Limited @EcoGraf EcoGraf Limited Subscribe for EcoGraf latest news and investor updates