Slide 1: Leading Vertically Integrated Graphite Supplier to the European Union
EU Raw Materials November 2025 ASX: EVG Leading Vertically Week 2025 eviongroup.com Integrated Graphite Supplier to the European Union. 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 Team Evion is a vertically 01 Evion is generating revenue. Production of expandable graphite since March 2025 at Maniry Project Expandable Graphite integrated graphite our 50:50 JV in India is making cash and has significant revenue upside. BAM producer positioned For personal use only F
Slide 4: An experienced Board, positioned to deliver the next phase of growth
04 Overview Team Maniry Project Expandable Graphite BAM For personal use only Funding 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 Mana
Slide 5: Our Global Advisory Team
05 Overview Team Maniry Project Expandable Graphite BAM For personal use only Funding Invest DGWA - Advisors BurnVoir Corporate Finance Our Global Germany and the EU Australia Advisory Team. • Experienced Advisory Group with unique • Leading Australian based Advisory team to the Graphite sector with
Slide 6: Maniry Graphite Project
06 Overview Team Maniry Project Expandable Graphite BAM For personal use only Funding Invest Maniry Graphite Project. High-grade flake graphite project in mining friendly Madagascar.
Slide 7: Maniry is the only graphite project in Africa recognised by the EU's Critical Raw Materials Act
07 Overview Team Maniry is the only graphite Maniry Project Expandable Graphite project in Africa to be BAM recognised by the EU’s For personal use only Funding Invest Critical Raw Materials Act.* *Refer ASX release dated 5 Maniry Graphite project has been recognised as June 2025 Evion Group a strat
Slide 8: Madagascar is the largest producer and exporter of graphite outside of China
8 Overview Team Madagascar is the largest producer New bypass road from RN7 highway to be used to access Toliara Port. This Maniry Project Expandable Graphite and exporter of graphite in the public road, financed by the World Bank, has been under BAM world outside of China*. construction over the la
Slide 9: Maniry has a large, high-grade resource with long-term upside
9 Overview Team Maniry has a large, Maniry Project Expandable Graphite high-grade resource BAM with long-term For personal use only Funding Invest upside. Cautionary Statement: The Ore Reserve Total Resource Exploration Target Exploration Targets reported herein 16.2Mt 40Mt 260-380Mt are not JORC co
Slide 10: Madagascar is a proven mining destination for global players
10 Overview Team Madagascar is a Maniry Project Expandable Graphite proven mining BAM destination for For personal use only Funding Invest global players. Established mining jurisdiction: Over a century of graphite production, a skilled local workforce, and active project expansion supported by the
Slide 11: Pathway to production in Madagascar
11 Overview Team Pathway to Early-stage development with EU Maniry Project Expandable Graphite production in grant finding followed by mine development BAM Madagascar. For personal use only Funding and begin production. Invest Offtake partners in progress. Funding plans and discussions have Permitti
Slide 12: We are committed to supporting Madagascar and our host communities
12 Overview Team We are committed to Maniry Project Expandable Graphite supporting Madagascar BAM and our host communities. For personal use only Funding Invest Economic Major jobs Education Improved Improved Industrial growth growth development healthcare infrastructure growth A commitment to spend
Slide 13: Evion is the only ASX-listed Australian company producing expandable graphite
13 Overview Team Evion is the only Maniry Project Expandable Graphite ASX-listed Australian BAM company producing For personal use only Funding Invest expandable graphite. • 50/50 Joint Venture with leading Indian technology company to produce expandable graphite. • Substantial supply channels estab
Slide 14: Feasibility Study shows strong financial returns
14 Overview Team Feasibility Study Maniry Project Expandable Graphite shows strong BAM financial returns.* For personal use only Funding 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$226
Slide 15: Production target is 10,000 tonnes per annum
15 Overview Team Production target is 10,000 2028/29 tonnes per annum with Maniry Project Production 10,000tpa Expandable Graphite Revenue BAM operations established globally. For personal use only US$35M- Funding Invest $40M/year Evion’s goal is to partner with International partners to achieve a s
Slide 16: Panthera Graphite Technologies
16 Overview Team Panthera Graphite 01 JV established with Metachem Manufacturing Co, an experienced Maniry Project Expandable Graphite Technologies. expandable graphite producer with over 20 years’ operating history. BAM For personal use only Funding Invest 02 Production facility located in a Specia
Slide 17: Expandable Graphite Production Process
17 Overview Team Expandable Maniry Project Expandable Graphite Graphite BAM Production For personal use only Funding Invest Process. 01 Oxidation & Intercalation: of natural graphite flakes with a mixture of strong acid (like sulfuric acid) and an oxidizer (like hydrogen peroxide or Potassium Perman
Slide 18: Extensive benefits of our expandable graphite
18 Overview Team Extensive 01 Stealth & Conductive Coatings: Graphite-based coatings for radar signature Maniry Project Expandable Graphite applications and suppression and icephobic surfaces. BAM benefits of our For personal use only Funding Invest expandable 02 Infrared Shielding: Once crushed int
Slide 19: Defence applications for expandable graphite
19 Overview Team Defence 01 Anti-corrosion coatings Used in critical infrastructure for enhanced durability. Maniry Project Expandable Graphite applications for BAM expandable 02 Aircraft and ships For personal use only Funding Used as a fireproof material, as well as icephobic coating and highly In
Slide 20: Battery Anode Material Project (BAM)
20 Overview Team Maniry Project Expandable Graphite BAM For personal use only Funding Invest Battery Anode Material Project (BAM). Uncoated spheronised purified graphite (SPG) for use in lithium-ion batteries.
Slide 21: Scoping study supports strong economics and technical viability
21 Overview Team Scoping study Maniry Project Expandable Graphite supports strong BAM economics and For personal use only Funding 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$117M
Slide 22: Battery growth is driving the future of graphite
22 Overview Team Battery growth is Flake graphite demand Mt Maniry Project Expandable Graphite driving the future BAM of graphite. For personal use only Funding Invest An average EV battery contains 50 to 100kg of Global demand for flake graphite is graphite. expected to rise by 239% by 2034, led by
Slide 23: Strategic Investment: Expandable Graphite Development
23 Overview Team Maniry Project Strategic Investment: Expandable Graphite BAM Benefits to our For personal use only Funding Invest Development. Atlas have an experienced team and Board with extensive links to US government and commerce Potential for offtake agreements in the short term with US g
Slide 24: Corporate snapshot
24 Overview Team Corporate Maniry Project Expandable Graphite snapshot. BAM For personal use only Funding Invest Share Price Market capitalisation Shares on issue ASX Share price performance ($A) 12 months to 12 November 2025 $A0.031 $A18.5M ~542.5M 0.035 As of 12 November 2025 As of 12 November 202
Slide 25: Evion is a compelling investment opportunity
25 Overview Team Evion is a compelling Maniry Project Expandable Graphite investment opportunity. BAM For personal use only Funding Invest 01 02 03 Cashflow Commitment Confidence Evion is generating revenue. Production Evion’s Maniry Graphite project has the Evion is moving ahead with confidence of
Slide 26: Contact us
26 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