Slide 1: Delivering the World's Premier Graphite Operation
Bulk berths Container yard Extension area Main security gate Container Port access berths gate Access road For personal use only Syrah Resources Syrah Resources Limited Limited Deliveringthe Delivering theWorld’s World’sPremier PremierGraphite GraphiteOperation Operation Balama Graphite Feasibility
Slide 2: Disclaimer
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 1 Access road For personal use only Disclaimer This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitati
Slide 3: Balama Highlights
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 2 Access road For personal use only Balama Highlights Feasibility Study delivered by Snowden Mining Consultants confirms Balama as the world’s largest flake graphite project Feasibility Study highlights in
Slide 4: Balama Highlights (cont'd)
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 3 Access road For personal use only Balama Highlights (cont’d) Mining Concession, Environment License and Water License granted, Land Access (DUAT) License expected imminently Binding Offtake Agreement in
Slide 5: Syrah's robust capital structure provides an excellent platform to deliver Balama
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 4 Access road For personal use only Syrah’s robust capital structure provides an excellent platform to deliver Balama Key details Share price and volume Shares on issue 7 18 165.2m (as at 28 May 2015) 16 6
Slide 6: New Board of Directors and Management Team
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 5 Access road For personal use only New Board of Directors and Management Team Jim Askew Over 40 years international experience as a Director and/or Chief Executive Officer for a wide range of Australian
Slide 7: Management and Technical Team
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 6 Access road For personal use only Management and Technical Team Darrin Strange Previously a General Manager for Rio Tinto managing the West Angelas and Robe River iron ore Chief Operating Officer opera
Slide 8: Snowden Feasibility Study outcomes
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 7 Access road For personal use only Snowden Feasibility Study outcomes Operational metrics Financial metrics Operational period years 42 Total initial capex US$m 138 Assumed weighted average (1) Plant feed
Slide 9: Summary of project features
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 8 Access road For personal use only Summary of project features Reserves: 81.4Mt at 16.2% TGC (13.2Mt contained graphite) Reserves and Resources(1) Resources: 1,191Mt at 11.0% TGC (128.5Mt of contained
Slide 10: Mineral Resources & Ore Reserves estimate
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 9 Access road For personal use only Mineral Resources & Ore Reserves estimate Mineral Resources updated as follows: Mineral Resources Classification Tonnes TGC (%) Contained Graphite (Mt) − 261Mt at 11.0
Slide 11: Low risk mining
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 10 Access road For personal use only Low risk mining Conventional truck and shovel mining methods Mining 2 million tonnes of ore per annum at a very low average strip ratio of 0.04:1 projected over the
Slide 12: Balama Project layout
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 11 Access road For personal use only Balama Project layout
Slide 13: Conventional processing
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 12 Access road For personal use only Conventional processing Process recovery of 92.5% with an average final concentrate grade of 95% TGC Process plant uses proven technology consisting of: − crushing
Slide 14: Metallurgy
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 13 Access road For personal use only Metallurgy The final graphite concentrate product will be classified into five particle size classes as requested by potential customers and under the Binding Offtake
Slide 15: Low capital intensity, highly cost competitive
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 14 Access road For personal use only Low capital intensity, highly cost competitive Initial capital expenditure (US$m) Operating costs (US$/t, FOB from Port of Nacala) Process plant 65.5 Mining 33.3 Site i
Slide 16: Transport logistics – Roads
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 15 Access road For personal use only Transport logistics – Roads Main road connects Balama to the Port of Nacala Sealed highway almost all the way from Balama to the Port of Nacala (~490km) Road map fr
Slide 17: Transport logistics – Port of Nacala
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 16 Access road For personal use only Transport logistics – Port of Nacala Nacala is a major port in Mozambique and the deepest port in Southern Africa Consists of a 600 m bulk berth and a 395m containe
Slide 18: Area view of the Port of Nacala
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 17 Access road For personal use only Bulk berths Container yard Extension area Main security gate Container Port access berths gate Access road Area view of the Port of Nacala
Slide 19: Offtake and marketing agreements
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 18 Access road For personal use only Offtake and marketing agreements Major European graphite trader Chalieco, an affiliate company Chinalco, which is one of the Exclusive 3 year, marketing and offtake
Slide 20: Positioning Balama as a leading supplier to high growth markets
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 19 Access road For personal use only Positioning Balama as a leading supplier to high growth markets Li-ion batteries Syrah believes that the metallurgical and production profile of the Balama project po
Slide 21: Positioning Balama as a leading supplier to high growth markets (cont'd)
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 20 Access road For personal use only Positioning Balama as a leading supplier to high growth markets (cont’d) Uncoated Balama Spherical Graphite Electric vehicles and energy storage batteries Feed size S
Slide 22: Balama Spherical Graphite Anodes
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 21 Access road For personal use only Positioning Balama as a leading supplier to high growth markets (cont’d) Balama Spherical Graphite Anodes Leading anode producer also manufactured Li-ion batteries us
Slide 23: Forecast graphite demand from Li-ion battery applications
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 22 Access road For personal use only Positioning Balama as a leading supplier to high growth markets (cont’d) Forecast graphite demand from Li-ion battery applications Key driver of graphite demand growt
Slide 24: Forecast Li-ion battery production capacity by 2020
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 23 Access road For personal use only Positioning Balama as a leading supplier to high growth markets (cont’d) Forecast Li-ion battery production capacity by 2020 (Source: Benchmark Minerals)
Slide 25: Balama Graphite Recarburiser
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 24 Access road For personal use only Positioning Balama as a leading supplier to high growth markets (cont’d) Balama Graphite Recarburiser Opportunity to displace lower quality recarburisers (e.g. petrol
Slide 26: Balama Vanadium Scoping Study
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 25 Access road For personal use only Balama Vanadium Scoping Study Balama is a globally significant vanadium deposit Key Vanadium Scoping Study outcomes – July 2014 1.15Bt Resources at 0.23% V2O5 for 2.7
Slide 27: Indicative timeline to production
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 26 Access road For personal use only Indicative timeline to production Q1 CY15 Q2 CY15 Q3 CY15 Q4 CY15 Q1 CY16 Q2 CY16 Q3 CY16 Q4 CY16 Q1 CY17 Definitive Feasibility Study DUAT approval Pre-construction wo
Slide 28: Pre-construction works
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 27 Access road For personal use only Pre-construction works Pre-construction works commenced to facilitate the commencement of construction in 2015 − Phase I of farmland relocation plan completed − Incre
Slide 29: Community and social development
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 28 Access road For personal use only Community and social development Syrah was awarded the 2014 Best Social Corporate Responsibility company for its community development activities Initiatives that h
Slide 30: Balama summary
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 29 Access road For personal use only Balama summary Feasibility Study confirms Balama as the world’s largest flake graphite project Maiden JORC Compliant Graphite Ore Reserve of 81.4 Mt at 16.2% TGC fo
Slide 31: Competent Persons' Statement
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 30 Access road For personal use only Competent Persons’ Statement The information in this report as it relates to geology, QAQC and Mineral Resource estimation was compiled by Mr Mark Burnett, Pri. Sci. Na
Slide 32: Key contacts
Bulk berths Container yard Extension area Main security gate Container Port access berths gate 31 Access road For personal use only Key contacts Tolga Kumova Managing Director Syrah Resources Limited Office contact - +61 3 9670 7264 Mobile contact - +61 421 707 155 Email – t.kumova@syrahresources.co