Slide 1: Q3 2017 Quarterly Activities Report
For personal use only Q3 2017 Quarterly Activities Report Shaun Verner – Managing Director & CEO October / November 2017
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may
Slide 3: Syrah Resources Q3 2017 Highlights
Continue to progress towards becoming the world’s pre-eminent supplier of natural graphite For personal use only Syrah Resources Q3 2017 Highlights Health and Safety - Strong health and safety record continues - Achieved over 1.8 million hours worked without a loss time injury - Total Recordable Inj
Slide 4: Health, Safety, Environment and People
Health, Safety, Environment and People For personal use only Strong health and safety record and ongoing community engagement • Achieved over 1.8 million hours worked without lost time injury • Total Recordable Injury Frequency Rate (TRIFR) of 1.2 • Zero non-compliances across >200 environmental lic
Slide 5: Balama Graphite Project: Construction substantially complete and front end commissioning completed
Balama Graphite Project: Construction substantially complete and front end commissioning completed For personal use only First intermediate concentrate produced, first bagged saleable product expected second half November 2017 Primary - Construction complete Screening - Construction nearing completi
Slide 6: Balama Graphite Project: Transition to Operations and Support Services
Balama Graphite Project: Transition to Operations and Support Services For personal use only Supporting infrastructure complete, operations and maintenance required personnel on board Power - Power station fully commissioned and operational Mining - Balama West pit developed & - Pipeline and pump st
Slide 7: Balama Graphite Production
Balama Graphite Production For personal use only First production of intermediate concentrate achieved October 2017 • First production of bagged saleable flake product expected in second half November 2017 • Estimated project cost US$210 million (from US$205 million) following revised schedule • Inc
Slide 8: Battery Anode Material (BAM) Project
Battery Anode Material (BAM) Project For personal use only Pursuing BAM strategy to establish first mover advantage and maximise value Feedstock - High purity flake graphite concentrate from Balama (-100 mesh size material) Processing - Planned milling and purification capacity of 10kt per annum(1)
Slide 9: Incremental BAM investment accelerates commercial production
Incremental BAM investment accelerates commercial production and is expected to enhance product options For personal use only Previous plan Current plan Up to 16ktpa BAM production(1) Qualification of battery anode material Production + Capacity Option to expand for production of commercial quantiti
Slide 10: Sales and Marketing
Sales and Marketing For personal use only Sale agreement signed with BTR, the world’s largest battery anode manufacturer • Announced binding sales agreement with BTR on 8 September 2017 • 30,000 tonnes of graphite from Balama in first year production • Significant endorsement of Balama’s quality and
Slide 11: Graphite Market Update
Graphite Market Update For personal use only Positive market dynamics for graphite Monthly Electric Vehicle Sales Demand Thousand YoY units - Global electric vehicle (BEV + PHEV) sales up +42% to 100 100% 620,000 units to August, supporting demand for fines used in 80 80% batteries Ex - China - Stee
Slide 12: Graphite market industry commentary
Graphite market industry commentary For personal use only 3 Month Recent Commentary Price Change “Inspectors have been back to Shandong (China’s main graphite producing area) for a second round of checks, which has affected production operations”. +35% -100 mesh, 94-97% “Spot prices of refractory gr
Slide 13: Finance and Corporate
Finance and Corporate For personal use only Successfully completed capital raise and Mining Agreement approved • Cash balance as at 30 September 2017 US$121 million • Excludes proceeds from Retail Entitlement Offer US$29 million received in October • Successfully completed capital raise, total gross
Slide 14: Summary
Summary For personal use only Significant progress achieved • Strong health and safety record continues • Balama Project construction substantially complete, and front end commissioning and infrastructure completed • First production of intermediate concentrate achieved October • First production of
Slide 15: Contact
Contact For personal use only For further information, please contact Investor Relations Nova Young John Knowles Contact: +61 422 575 530 Contact: +61 419 893 491 Email: n.young@syrahresources.com.au Email: j.knowles@syrahresources.com.au www.syrahresources.com.au 14 14