Talga Group Ltd. · ASX:TLG
Talga — Investor Presentation (December 2025)
25 slides from Talga's investor presentation, Dec 10, 2025
Slide 1: Talga Group Ltd Corporate Update Dec 2025
For personal use only Talga Group Ltd ASX:TLG OTCQX:TLGRF Corporate Update Dec 2025 © Talga Group Ltd, December 2025.
Slide 2: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer Talga Group Ltd ACN 138 405 419 (the Company) is the issuer of this presentation. Forward-looking statements This presentation contains forward-looking statements. Those forward-looking statements reflect views held only as at the date of this presentation. Any su
Slide 3: We are Talga
We are Talga For personal use only “We produce high-performance, sustainable graphite materials for new energy applications using 100% owned and integrated resources and technologies” Mark Thompson Founder & Managing Director Drillcore from Talga’s Vittangi graphite deposit and Li-ion battery sectio
Slide 4: Complete and secure battery graphite & technology solution
Complete and secure battery graphite & technology solution For personal use only Talga Mine & Concentrate Black Mass Talnode® Battery Cell Concentrate Purification Shaping Coating Talphite® Manufacturer Graphite Talga Anode Production Technology Feedstock 4 See: ASX:TLG 13 August 2025.
Slide 5: Corporate Summary
Corporate Summary Capital Structure Research Coverage Listing codes ASX:TLG, OTCQX:TLGRF For personal use only Shares on issue 456,399,552 Share Price (5 Dec 2025) A$0.44 Market Capitalisation A$200m Cash (30 Sept 2025)1 A$8.1M 52 week low/high A$0.335 - $0.565 1. Talga received grant funding A$13.3
Slide 6: Leadership
Leadership Mark Thompson Martin Phillips Founder and Managing Director Chief Executive Officer Over 30 years’ global experience in the mineral industry including 25+ years of global metals and mining experience. Former resource project development, technology and management. Founded Commercial Manag
Slide 7: Anode Projects Snapshot
Agreements & Anode Projects Snapshot partner/Government engagements underway Fully Permitted, finalising offtakes & finance into FID 2026 For personal use only Raw Material Anode Production Customers End Users Battery U.S Anode Plant US Recyclers Planned duplicate of 24,000 tpa Commencd supplier Swe
Slide 8: Funding Landscape
Funding Landscape EU funding expands in 2026 New RESourceEU Action Plan Significant grant opportuntiies to reduce Mobilising €3,000 million funds to reduce critical raw material reliance on public equity dependency by 50% with EU grants, guarantees, export controls, price-floor mechanisms, stockpile
Slide 9: Phased Scale-up of Production
Phased Scale-up of Production For personal use only EVA Plant Industrial Leap Commercial Full-Scale Capacity 50 tpa 5,000 tpa1 24,500 tpa Target Production Start Operating since 2022 2027-2028 2029+ “Go to Market” with first sales Qualification testing, Economies of scale and full Primary Use in def
Slide 10: Tier 1 Graphite Resource, Key Differentiators
Tier 1 Graphite Resource Secure location Sweden (NATO member) Key Differentiators Ultra-high grade Natural graphite deposit (Vittangi) with 100% battery-size flake, with reserve grade 24.1% graphite1, uniquely suited for For personal use only fast-charge batteries Stockpiles at the ready • 27,000 to
Slide 11: Anode production – Luleå, Sweden
Anode production – Luleå, Sweden EVA COMMERCIAL PLANT PLANT For personal use only Luleå Production plant sites close to road/rail/power & port 11 infrastructure and green steel/critical materials projects
Slide 12: Benefits – 5Ktpa Industrial Leap anode line
Benefits – 5Ktpa Industrial Leap anode line Grant funding unlocks opportunity to start production to meet short term demand For personal use only Near-term and flexible Flexibility to produce commercial quantities of both Talnode®-C and 1 production of anode Talnode®- R (recycled synthetic anode mat
Slide 13: Indicative Funding Stack – 5Ktpa commercial
Indicative Funding Stack – 5Ktpa commercial Majority of funding conditionally approved and awarded, to be finalised in Q2 2026 Potential Indicative Funding (€ million) For personal use only Grants and Debt awarded or pre-approved. IL2 Grant potentially Scale up of EVA production EIB subject to part
Slide 14: Graphite Price Rising
Graphite Price Rising Natural and synthetic graphite markets remain central to US-China trade tensions following the announcement of new export licensing restrictions on Chinese exports of anode material, production equipment and technology For personal use only Graphite Price Index 1.15 The market
Slide 15: Anode production from recycled battery waste
Anode production from recycled battery waste Low energy intensity anode from recycling of waste battery scrap to close the loop on (mostly) synthetic graphite and localise production For personal use only Recyclers Talga Anode Technology 70-90% Black Graphite Mass Concentrate EOL Battery Pre-Treatme
Slide 16: Expansions & U.S Strategy
Expansions & U.S Strategy Market discovery and growth Mark Thompson with UCC President Becky Berube & CTO Cole Berube at White House 10/2025 • Strong U.S govt. interest in graphite anode supply security For personal use only plus growth in defense, robotics, BESS demand • Capitalise on Talga’s exist
Slide 17: Talga solutions for global battery markets
Talga solutions for global battery markets For personal use only EU Raw Material Anode Production Anode from Black Mass Global Expansion • Tier 1 natural graphite • Battery ready active anode • Technology to produce • Strategic opportunity to deposit (Vittangi) with material production (CSPG) anode
Slide 18: Transformational Year Ahead
Transformational Year Ahead Milestones 2025 Catalysts 2026 For personal use only Mine Permit in force Significant Industriklivet Grant Mine permitting completed, no further appeals . €100 million Sweden grant – decision due Q1 2026 Awarded EU Strategic Project Final commercial line engineering Vitta
Slide 19: For personal use only
For personal use only Sweden United Kingdom Talga AB & Talga Battery Metals AB Talga Technologies Limited Södra Kungsgatan 5B Conqueror House 972 35 Luleå, Sweden Chivers Way t: +46 (0) 10-303 71 00 Histon, Cambridge, CB24 9ZR, England e: kontakt@talga.se t: +44 1223 420416 e: info.uk@talgagroup.com
Slide 20: Appendices
For personal use only Appendices
Slide 21: Globally Competitive Cost
Globally Competitive Cost Combining ultra-high grade 100% anode size flake deposit with new low-loss processing technology, low energy costs and complete vertical integration For personal use only Cost Curve depicting cash operating cost position (excluding profit and surcharges such as taxes and duti
Slide 22: Graphite Price Forecast
Graphite Price Forecast Battery grade graphite pre-cursor • Fastmarkets expect these factors to increase the underlying natural graphite cost base, contributing to Graphite Price higher prices. For personal use only Index Actuals Base High • Desire to diversify away from China and localize 1.80 supp
Slide 23: JORC Graphite Reserve and Resources
JORC Graphite Reserve and Resources Ore Reserve 3, 5 Tonnes Graphite (% Cg) Nunasvaara (JORC 2012) 2,260,140 24.1 For personal use only Probable 2,260,140 24.1 Mineral Resources 1, 2, 4, 6, 7, 8 Tonnes Graphite (% Cg) Vittangi (JORC 2012) 35,020,000 23.8 Indicated 26,691,000 24.3 Inferred 8,329,000
Slide 24: JORC Exploration Target
JORC Exploration Target 2021 Exploration Target Vittangi Graphite Project For personal use only Vittangi (JORC 2012) Low High Tonnage Range 170Mt 200Mt Grade Range 20% Cg 30% Cg Note that the potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient
Slide 25: Competent Person Statements
Competent Person Statements The Vittangi Mineral Resource estimate was first reported in the Company’s announcement dated 6 October 2023 titled ‘Talga boosts Swedish battery graphite’. The Company confirms that it is not aware of any new information or data that materially affects the information in