Slide 1: A vertically integrated, global graphite producer
A vertically Tribeca Future Facing 2 April 2025 ASX: EVG Commodities 2025 eviongroup.com Singapore integrated, global graphite producer. For personal use only
Slide 2: Disclaimer
Disclaimer 02 Forward Looking Statement Competent Person’s Statement Certain statements contained in this presentation, including information as to the future financial or operating performance of Evion Mineral Resource – Razafy and Razafy NorthWest Group NL (‘‘the Company’) and its projects, are fo
Slide 3: Overview
03 Overview Panthera Evion is a vertically 01 Evion is generating revenue. Production of expandable graphite since March 2025 at Maniry Mine BAM integrated graphite our 50:50 JV in India is making cash and has significant revenue upside. Market producer positioned For personal use only Team Invest f
Slide 4: A tale of two graphites
04 Overview Panthera A tale of two Maniry Mine BAM graphites. Market For personal use only Team Invest 01 Expandable graphite 02 Purified Spherical Graphite Natural flake graphite is treated in a new Flake graphite concentrate is purified and environmentally friendly format, creating a shaped to cre
Slide 5: Panthera Graphite Technologies
05 Overview Panthera Maniry Mine BAM Market For personal use only Team Invest Panthera Graphite Technologies. Brand new, state-of-the art, purpose-built processing facility near Pune, India.
Slide 6: Panthera Graphite Technologies
06 Overview Panthera Panthera Graphite 01 JV established with Metachem Manufacturing Co, an experienced Maniry Mine BAM Technologies. expandable graphite producer with over 20 years’ operating history. Market For personal use only Team Invest 02 Production facility located in a Special Economic Zone
Slide 7: Evion is fully funded to complete project growth for stage 2
07 Overview Panthera Evion is fully funded The JV has plans in place to rapidly expand production. Maniry Mine BAM to complete project Stage 3 10,000tpa Market growth for stage 2 For personal use only Team Invest production1. 1Refer ASX Announcements dated 6 November 2024 and 21 Stage 1: US$5M inves
Slide 8: Panthera revenue is expected to reach US$35M by 2027
08 Overview Panthera Panthera revenue 2027 is expected to Maniry Mine Production 10,000tpa BAM Revenue Market reach US$35M For personal use only US$35M/year Team Invest by 2027. Evion’s goal is to achieve a significant share of the future supply of expandable graphite outside of China. Projected 202
Slide 9: Feasibility Study shows strong financial returns
09 Overview Panthera Feasibility Study Maniry Mine BAM shows strong Market financial returns.* For personal use only Team Invest Panthera Graphite JV Project Life Total Gross Revenue Total EBITDA Total Net Cash After Tax NPV – After Tax IRR – After Tax (real) 25 years US$477.7M US$226M US$174.8M US$
Slide 10: Maniry Graphite Project
10 Overview Panthera Maniry Mine BAM Market For personal use only Team Invest Maniry Graphite Project. High-grade flake graphite project in mining friendly Madagascar.
Slide 11: Madagascar is the largest producer and exporter of graphite outside China
11 Overview Panthera Madagascar is the largest producer Maniry Mine BAM and exporter of graphite in the Market world outside of China*. For personal use only Team Invest Maniry Graphite Mine is near other major mines and only 350km from the established Port of Toliara. New bypass road from RN7 highw
Slide 12: Madagascar is a proven mining destination for global players
12 Overview Panthera Madagascar is a Maniry Mine BAM proven mining Market destination for For personal use only Team Invest global players. Established mining jurisdiction: Over a century of graphite production, a skilled local workforce, and active project expansion supported by the World Bank and
Slide 13: Large, high-grade resource with long-term upside
13 Overview Panthera Large, high-grade Maniry Mine BAM resource with Market long-term upside. For personal use only Team Invest Cautionary Statement: The Ore Reserve Total Resource Exploration Target Exploration Targets reported herein 16.2Mt 40Mt 260-380Mt are not JORC compliant Mineral Resources.
Slide 14: Pathway to production in Madagascar
14 Overview Panthera Pathway to Mine development and begin production Maniry Mine BAM production in Market Madagascar. For personal use only Team Invest Offtake partners in progress. Planning for anode production Joint Permitting and licence Venture Partner. approval in progress with substantial wor
Slide 15: Battery Anode Material Project (BAM)
15 Overview Panthera Maniry Mine BAM Market For personal use only Team Invest Battery Anode Material Project (BAM). Uncoated spheronised purified graphite (SPG) for use in lithium-ion batteries.
Slide 16: Battery Anode Material Project (BAM)
16 Overview Panthera Battery Anode Simplified Preferred Process Route – Caustic Bake Purification. Maniry Mine BAM Material Project Market (BAM). For personal use only Team Invest Refer ASX Announcement 17 January 2023 Vertical integration: Plan to feed fine flake product from Maniry to future Batte
Slide 17: Scoping study supports strong economics and technical viability
17 Overview Panthera Scoping study Maniry Mine BAM supports strong Market economics and For personal use only Team Invest technical viability. 30,000tpa Refer ASX Announcement 17 Pre-Tax NPV8% Pre-Tax IRR Initial CAPEX Total Pre-Tax Cashflow Payback January 2023 US$392M 39.5% US$117M US$2,808M 3.51
Slide 18: Battery growth is driving the future of graphite
18 Overview Panthera Battery growth is Flake graphite demand Mt Maniry Mine BAM driving the future of Market graphite. For personal use only Team Invest Global demand for flake graphite is expected to rise by 239% by 2034, led by explosive growth in the battery sector. Battery applications will domi
Slide 19: Ex-China battery grade supply falling behind demand
19 Overview Panthera Ex-China battery Ex-China Battery Grade, -100 mesh supply and demand for anode materials, Mt Maniry Mine BAM grade supply falling Market behind demand. For personal use only Team Invest A growing disconnect is emerging between demand and supply of anode- grade graphite, particul
Slide 20: An experienced Board, positioned to deliver the next phase of growth
20 Overview Panthera Maniry Mine BAM Market For personal use only Team Invest Heather Zampatti David Round Warrick Hazeldine Craig Lennon An experienced Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Board, positioned Previously Head of Wealth Management at Bell
Slide 21: Upcoming value drivers in 2025
21 Overview Panthera Upcoming value Maniry Mine BAM drivers in 2025. Market For personal use only Team Invest 01 02 03 04 05 06 India JV Expansion Maniry Project Financing & Offtake Final Investment BAM Plant Approvals Permitting Agreements Decision (FID) Development Strong sales pipeline for 2024–
Slide 22: Corporate snapshot
22 Overview Panthera Corporate Maniry Mine BAM snapshot. Market For personal use only Team Invest Share Price Market capitalisation Shares on issue ASX Share price performance ($A) 12 months to 31 March 2025 $A0.019 $A7.90M 435M 0.035 As at 31 March 2025 As at 31 March 2025 As at 31 March 2025 52 we
Slide 23: Contact us
023 Contact us Graphite producer Positioned for growth For personal use only Evion Group NL Suite 3, Ground Floor 28 Ord Street West Perth Australia 6005 David Round Managing Director eviongroup.com info@eviongroup.com +61 8 6158 9916
Slide 24: Maniry Exploration Target
24 Maniry Exploration Target For personal use only A description of the datasets, Drilling and Assay Data Trenching Refer ASX Announcement 14 assumptions and August 2018 • Drilling was undertaken at four separate Prospects and was completed • Malagasy Minerals Limited completed a program of trenchin
Slide 25: Maniry Project Mineral Resource
25 Maniry Project Mineral Resource For personal use only A breakdown of the Maniry *3% TGC cut-off grade Project Mineral Resource is Area Classification Tonnes Total Graphitic Contained Graphite as follows Carbon (%TGC) (tonnes) **5% TGC cut-off grade Razafy* Indicated 13.6 6.5 890,000 Reported at t
Slide 26: Source data
26 Source data For personal use only Company Code Market Cap. Project Stage of Mineral Mineral Mineral Mineral Resources Ore Reserves Source Document Development Resources Resources Resources (Total) (Measured) (Indicated) (Inferred) NextSource TSX:NEXT ~CA$76.7M Molo Producer 23.622Mt at 76.746Mt a