Slide 1: Canaccord Metals and Mining Conference
Canaccord Metals and Mining Conference B.Riley Securities Investor Conference KeyBank Industrials and Basic Materials Conference The Mining Investment Event Conference May/June 2025 ASX:SYA | OTCQB:SYAXF
Slide 2: Agenda
Agenda Overview 01 Operational and Financial Performance 02 Merger Update 03 Lithium Market and Guidance Appendix 2
Slide 3: Overview
Overview
Slide 4: Sayona Overview
Sayona Overview ASX:SYA | OTCQB: SYAXF SHARES Market Capitalisation (ASX) Lucas Dow Sylvain Collard Dougal Elder A$196M Managing Director & President & Chief Chief Financial At 13 May 2025 Chief Executive Officer Operating Officer Canada Officer Dougal is a chartered A highly experienced mining Sylv
Slide 5: Sayona Overview
Sayona Overview North American Lithium Moblan Lithium Project Largest NA lithium producer Sayona’s next flagship project 87.9Mt @ 1.13%1 • Only major North American 93.1Mt @ 1.21%2 lithium producer • Emerging hard-rock deposit • Access to low-cost, renewable • Close to major infrastructure power and
Slide 6: North American Lithium
North American Lithium Drilling now complete and was focused on resource extension and infill for potential JORC category increase Additional drilling of 53,444m completed in CY24 Supported by utilisation of Flow Through Share funding High-grade lithium mineralisation confirmed beyond existing estim
Slide 7: Moblan
Moblan Drilling now complete and was focused on resource extension and infill for potential JORC category increase Additional drilling of 76,202m completed in CY24 Financed by utilisation of Flow Through Share funding New results confirm Moblan’s resource growth potential Further drill results expec
Slide 8: Operational and Financial Performance
01 | Operational and Financial Performance
Slide 9: FY25 YTD Highlights
FY25 YTD Highlights1 North American Lithium achieves consistently strong production PRODUCTION Production FINANCIAL CORPORATE 146,324 $153M Merger with Piedmont Lithium nearing completion with all regulatory approvals received DRY METRIC TONNES UP 38% REVENUE Subject to shareholder approval MergeCo
Slide 10: NAL Operational Performance
NAL Operational Performance Delivering production NAL Global Recovery and Mill Utilisation NAL Concentrate Production and Unit Operating Costs in line with FY budget 100% 80,000 1,536 1,506 1600 91% • YTD ore mined up 4% 90% 1,397 1,374 90% 83% 70,000 1,335 1400 against PCP 80% 1,280 1,231 • Process
Slide 11: Merger Update
02 | Merger Update
Slide 12: Merger of Sayona and Piedmont Lithium (Elevra Lithium)
Merger of Sayona and Piedmont Lithium (Elevra Lithium) Benefits to shareholders 01 02 03 04 Enhanced Market Position Strategic Growth Financial Strength Unified Corporate Structure • Solidifies status as North America’s Opportunities and Stability • Reduced complexity with increased largest operatin
Slide 13: Merger Status
Merger Status Advancing toward shareholder votes COMPLETE ONGOING AND UPCOMING Corporate Corporate • Deal announcement and concurrent capital raises • Sayona share consolidation (reverse stock split )name • Corporate name selection subject to shareholder approval • Conditional Placement to Resource
Slide 14: Highly Experienced and Diverse Board for Elevra Lithium
Highly Experienced and Diverse Board for Elevra Lithium Board of Directors • Board of Directors of Elevra will consist of a total of 8 members, including Dawne Hickton as Chair Designate and Lucas Dow as Managing Director & CEO • Highly experienced and diverse Board with a broad range of experience
Slide 15: Elevra Lithium's Priorities
Elevra Lithium’s Priorities Delivering a leading lithium business NAL GROWTH PROJECTS North America’s Largest Operating Lithium Mine Ewoyaa • Achieve operating cost reductions based on Near-term Development Opportunity run-rate production levels • Ongoing discussions with Ghanaian government • Early
Slide 16: Lithium Market and Guidance
03 | Lithium Market and Guidance
Slide 17: Demand: Lithium Hydroxide Futures Remain in Contango
Demand: Lithium Hydroxide Futures Remain in Contango • Lithium Hydroxide futures market remains in contango providing higher • Spodumene Concentrate prices have recovered from multi-year lows prices for future sales volume as industry responds to supply curtailments and project delays • MergeCo can
Slide 18: Renewed Calls for Energy Security
Renewed Calls for Energy Security • Supply chain security concerns and geopolitical risks drive the urgency to • Inadequate domestic energy infrastructure leads to reliance on foreign localise production nations and a “National Energy Emergency” 2024 Geographical Lithium Supply Chain and Demand (kt
Slide 19: Through-the-cycle production ensures maximised profitability in peak cycle environments
Through-the-cycle production ensures maximised profitability in peak cycle environments Production1 Profit1 Kt A$MM • Lithium price upcycles can last 2 – 3 yrs 1,600 7,000 (most recently Sep 2021 – Jan 2023) 6,000 but short spikes have primarily driven 1,200 Despite price rebound, 5,000 Wodgina was
Slide 20: FY25 Guidance
FY25 Guidance5 Spodumene Spodumene Unit Operating Capital Exploration H2FY25 Shipment Concentrate Concentrate Sales Costs (1,4) Expenditure (1,2) Expenditure (1,3) Volumes (Q3vQ4) Production 190,000- 200,000- A$1,150- ~A$20M ~A$30M Q3 ~ 30% 210,000 230,000 A$1,300 Q4 ~ 70% DRY METRIC TONNES DRY METR
Slide 21: Connect with us.
Connect with us. Sayona Mining Limited ACN 091 951 978 ASX:SYAOTCQB:SYAXF Level 28, 10 Eagle Street Brisbane, Queensland, 4000 Australia info@sayonamining.com.au sayonamining.com.au +61 (7) 3369 7058 @SayonaMining
Slide 22: Appendix
Appendix
Slide 23: NAL Quarterly Physicals and Operational Metrics
NAL Quarterly Physicals and Operational Metrics Unit Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Physicals1 Ore mined wmt 351,100 233,699 240,274 370,409 322,407 Ore crushed wmt 264,278 312,296 361,859 342,752 292,962 Concentrate produced dmt 40,439 49,660 52,141 50,922 43,261 Ore Concentrate sold dmt 5
Slide 24: Sayona Mineral Resources
Sayona Mineral Resources Tonnage Grade Contained Metal Contained LCE Asset Classification (Mt)1 (% Li2O) (kt Li2O) kt Measured 0.9 1.11% 10 25 Indicated 71.1 1.14% 811 2,004 NAL (Sayona 75% equity) 2 M+I 72.1 1.14% 821 2,029 Inferred 15.8 1.05% 166 410 Measured 6.0 0.98% 59 145 Indicated 8.1 1.03% 8
Slide 25: Sayona Mineral Reserves
Sayona Mineral Reserves Proved Ore Reserves Probable Ore Reserves Total Ore Reserves Cut-off Metal(1) Ownership grade Tonnes Grade Metal(1) Tonnes Grade kt Tonnes Grade Metal(1) Project interest % %Li20 kt % Li2O kt Li2O kt % Li2O Li2O kt % Li2O kt Li2O Authier Open Pit 75 0.55 6,200 0.93 57.6 5,100
Slide 26: Piedmont Mineral Resources (100% basis)
Piedmont Mineral Resources (100% basis) Tonnage(1) Grade Contained Metal Contained LCE Asset Classification (Mt) (% Li2O) (kt Li2O) kt Measured 0.9 1.11% 10 25 Indicated 71.1 1.14% 811 2,004 NAL (Piedmont 25% equity)(2) M+I 72.1 1.14% 821 2,029 Inferred 15.8 1.05% 166 410 Measured 6.0 0.98% 59 145 A
Slide 27: Piedmont Ore Reserves (100% basis)
Piedmont Ore Reserves (100% basis) Tonnage(1) Grade Contained Metal Contained LCE Asset Classification (Mt) (% Li2O) (kt Li2O) kt Proven 0.2 1.09% 2 5 NAL Probable 19.9 1.09% 217 536 (Piedmont 25% equity)(2) Total 20.1 1.09% 219 542 Proven 6.2 0.93% 58 143 Authier Probable 5.1 1.00% 51 126 (Piedmont
Slide 28: Important Information and Disclaimer
Important Information and Disclaimer Important Information and Disclaimer Disclaimer Sayona Mining Limited undertakes no obligation to update any forward-looking statement or other statement to reflect events or Statements in this presentation are made only as of the date of this No representation o