Slide 1: Company Overview
Company Overview © NextSource Materials Inc. 1
Slide 2: Disclaimer and forward looking statements
Disclaimer and forward looking statements ( %'(#))$# ( #039; ##039;")$# %*'%$(( $#!. )' )( %'(#))$# ##039; ) ##039;")$# $#)# # ) $#())*)( # #039; #+))$# ($!))$# #039; 'quot;"#)$# # '!)$# )$ ) %*'( #039; (! $ ('( # #. *'()$# ( %'(#))$# ". #$) ()'*) # #. *'()$# -%) # #039;# ,) ) !! '&*'"#)( %%!! # (* *'()$# %#)( ($*! ##039;" )"(!+
Slide 3: Graphite demand outpacing supply
Graphite demand outpacing supply Multiple graphite projects needed to meet global demand growth Strong preference by OEMs to avoid sourcing flake and value-added graphite from foreign countries of concern Demand for natural graphite expected to grow by 415% (2023-2030)* Source: Benchmark Mineral Int
Slide 4: Graphite supply demand balance
Graphite supply demand balance “We are in the midst of a global battery arms race. Automakers must invest upstream to secure critical battery raw materials to remain competitive.” - Simon Moores, MD, Benchmark Minerals Intelligence Multiple graphite projects needed to meet global demand growth Deman
Slide 5: What the Tesla Nevada gigafactory LiB plant consumes per annum
What the Tesla Nevada gigafactory LiB plant consumes per annum North American LiB production expected to be 1,000 GWh by 2030 Source: Benchmark Mineral Intelligence 2023 © NextSource Materials Inc. 5
Slide 6: Growth strategy
Growth strategy Molo Phase 1 graphite mine now ramping up to nameplate capacity (17ktpa) Site selected, ESIA being completed and long lead items ordered for Battery Anode Facility (BAF) Now in Mauritius Quantifying mine and BAF expansion scenarios Completion of Feasibility Study for 150ktpa Molo exp
Slide 7: Molo Graphite Mine
Molo Graphite Mine © NextSource Materials Inc. 7
Slide 8: Molo graphite mine - Fotadrevo, Madagascar
Molo graphite mine - Fotadrevo, Madagascar © NextSource Materials Inc. 8
Slide 9: Molo resource
Molo resource 100.37 million tonnes (MT) Indicated RESOURCES; above a 2% C cut-off Indicated resource @ 6.3% C, above a 2% C cut-off 23.62 MT Measured @ 6.32% C 76.75 MT Indicated @ 6.25% C 40.91 MT Inferred @ 5.78% C 40.91 MT Inferred Inferred resource @ 5.8% C, above a 2% C cut-off Phase 2 expansi
Slide 10: Fully modular mine
Fully modular mine Molo Phase 1 Production: 17,000 tpa © NextSource Materials Inc. 10
Slide 11: Fully modular mine = small footprint & easy replication
Fully modular mine = small footprint & easy replication 60m 100m © NextSource Materials Inc. 11
Slide 12: Hybridized solar power solution in place for Phase 1 production
Hybridized solar power solution in place for Phase 1 production ~33% renewable energy contribution to the Molo mine; 5MVA/5MWh BESS Reduction of CO2 emissions of over 11,300 tonnes/year 11.5 MWp Plan is to increase to min. 50% Solar PV Facility renewable energy with future mine expansion © NextSourc
Slide 13: Tier 1 offtake partners in place for >100% of Phase 1 capacity
Tier 1 offtake partners in place for >100% of Phase 1 capacity REFRACTORY 10-year sales agreement 8,000 tpa Phase 1 35,000 tpa Phase 2 Floating FOB China pricing MAJOR GLOBAL STEEL MAKER & GRAPHITE TRADER ANODE 10-year sales agreement 9,000 tpa Phase 1 20,000 tpa Phase 2 Floating FOB China pricing P
Slide 14: Phase 2 mine expansion plans in place and ready to implement
Phase 2 mine expansion plans in place and ready to implement Phase 1 – in ramp-up phase 17,000 tpa 35 modules 60 x 100 m footprint Phase 2 Additional 150,000 tpa 123 modules 120 x 150 m footprint capacity larger footprint vs. Phase 1 © NextSource Materials Inc. 14
Slide 15: Conformance to the highest standards and transparency
Conformance to the highest standards and transparency De-risking operational performance and addressing ESG requirements through: Building resilient relationships with regulators, communities and customers Embedding well-resourced ISO-compliant management systems Successful rehabilitation trials to
Slide 16: Ensuring and securing our social license to operate
Ensuring and securing our social license to operate Maintaining robust community engagement with a track record of constructively resolving community concerns and grievances Emphasis on local recruitment – 6% ex pat specialists, 44 % recruited locally, 50% from regional and national Investment in lo
Slide 17: Vertical Integration Strategy: From mine to anode
Vertical Integration Strategy: From mine to anode Exclusive use of well-established anode processing IP Ambitious buildout plan for a series of battery anode facilities (BAFs) © NextSource Materials Inc. 17
Slide 18: Exclusive technical partnership with established OEM anode processor
Exclusive technical partnership with established OEM anode processor Exclusive licence to best-in-class processing IP for spheronized, purified graphite (SPG), currently used in multiple automotive (OEM) supply chains (Tesla and Toyota) and for a verified coating IP to produce CSPG Replicating techn
Slide 19: Anode processing expertise in place
Anode processing expertise in place Exclusive technical partnership with a leading value-added graphite processor and an anode sales and marketing company. Chinese partner: well-established, best-in-class processor of SPG currently supplying multiple anode processors developed proprietary coating ca
Slide 20: BAF1 – Port Louis, Mauritius
BAF1 – Port Louis, Mauritius Battery anode facility to process SuperFlake® graphite into CSPG Projected commissioning in Q3 2024 Primarily targeting supply to Japanese and South Korean customers, plus qualification material to global OEM customers Close proximity to Molo Mine in Madagascar and on a
Slide 21: Global anode expansion strategy
Global anode expansion strategy Plans to construct, in stages, multiple BAFs in key jurisdictions globally to produce commercial-scale graphite anode material. • BAFs will leverage exclusive access to well-established proprietary anode processing technology currently supplying major OEMs • BAF1 to p
Slide 22: Upstream and downstream development timeline
Upstream and downstream development timeline* Verification by OEM supply chains Phase 1 Production can begin H2 2023 using technical Mine Expansion Future 17,000 tpa partner’s facility 50,000-150,000 tpa Mine Expansion Production H1 2023 H2 2024 Expansion options to meet market demand * BAF 1 BAF 2
Slide 23: Vision Blue is assisting NextSource to become a significant global anode supplier
Highly experienced partner with significant experience across the mine development lifecycle Vision Blue is assisting NextSource to become a significant global anode supplier with their technical and experiential knowledge. 47% ownership of NextSource Sir Mick Davis Chairman of NextSource Materials
Slide 24: Advantage NextSource
Advantage NextSource Modular construction = speed to market and low capital costs Phase 1 mine ramping up to production First Battery Anode Facility (Mauritius) targeted to commission in H2 2024 Molo mine and BAF expansion plans in place Exclusive access to established IP used in OEM supply chains ©
Slide 25: TSX: NEXT OTCQB: NSRCF
TSX : NEXT OTCQB: NSRCF © NextSource Materials Inc. 28