Slide 1: Q4 2025 Quarterly Sustainability Update
Q4 2025 Quarterly Sustainability Update 28 January 2026 syrahresources.com.au www.syrahresources.com.au Syrah Resources | ASX:SYR
Slide 2: Contents Page
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE CONTENTS HOME 2 Contents Page SECTION PAGE Introduction 3 Sustainability Strategy 6 ESG Profile 7 ESG Dashboard 8 Q4 Sustainability Highlights 9 Health and Safety 10 Environment 17 Community and Stakeholders 26 People 38 Governance 47
Slide 3: Important notice and disclaimer
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE INTRODUCTION HOME 3 Important notice and disclaimer Investor Relations This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, Viren Hira invitation, solicitation or recommendation
Slide 4: Abbreviations and acronyms
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE INTRODUCTION HOME 4 Abbreviations and acronyms Acronym Definition Acronym Definition AAM Active Anode Material ICMM International Council on Mining and Metals AASB Australian Accounting Standards Board IFC International Finance Corporation AIFR All Injury Freq
Slide 5: Our Operations
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE INTRODUCTION HOME 5 Our Operations Syrah’s vertically integrated operations are strategically positioned to supply into increasing global demand for natural graphite and active anode material products. Vidalia, Louisiana, USA Balama, Cabo Delgado Province, Moz
Slide 6: Syrah's Sustainability Strategy
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE SUSTAINABILITY STRATEGY HOME 6 Syrah’s Sustainability Strategy
Slide 7: Syrah's Positive ESG Profile
Q4 Q2 2025 QUARTERLY SUSTAINABILITY UPDATE ESG PROFILE HOME 7 Syrah’s Positive ESG Profile Strong ESG Performance Best practice sustainability Low carbon footprint Auditable back to source frameworks ✓ Independent life cycle assessment ✓ Fully integrated from mine to ✓ Initiative for Responsible Min
Slide 8: Q4 2025 ESG Dashboard
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ESG DASHBOARD HOME 8 Q4 2025 ESG Dashboard Group Safety and Environment Performance 0.9 TRIFR 2.3 AIFR 0 Workplace fatalities to date 1,328 193 1 Number of days Number of days Environmental since a Lost Time since a Lost Time Incident in Q4 Injury at Vidalia I
Slide 9: Q4 Sustainability Highlights
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE Q4 SUSTAINABILITY HIGHLIGHTS HOME 9 Q4 Sustainability Highlights ✓ Group TRIFR is 0.9 and Group AIFR is 2.3 at quarter end. ✓ Balama’s Emergency Response Team (“ERT”) continues to progress with the refresher training program, designed to enhance capability acr
Slide 10: Health and Safety
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE HEALTH AND SAFETY HOME 10 Health and Safety Emergency Response Drill Exercise Balama Graphite Operation
Slide 11: Q4 Health and Safety Highlights
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE HEALTH AND SAFETY HOME 11 Q4 Health and Safety Highlights Whole-of-business approach to maintaining a strong health and safety culture Leading Practice Standards Training Compliance Malaria Mitigation Strategy Emergency Response ISO 45001 Occupational Health a
Slide 12: Group Health and Safety
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE HEALTH AND SAFETY HOME 12 Group Health and Safety Ongoing focus on in-field visible leadership safety interactions to drive a strong safety culture 1,328 193 Number of days Number of days since a Lost Time since a Lost Time Injury at Vidalia Injury at Balama ✓
Slide 13: Health and Safety at Balama
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 HEALTH AND SAFETY HOME 13 Health and Safety at Balama Strengthening Emergency Preparedness and Capability To maintain operational readiness, the Emergency
Slide 14: Health and Safety at Balama: Critical Risk Management
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE HEALTH AND SAFETY HOME 14 Health and Safety at Balama Robust Critical Risk Management Framework embedded across site, aligned with leading practice sustainability standards Critical Risk Management Standards at Balama Vehicles and Energisation and De- Dangerou
Slide 15: Health and Safety at Balama: Malaria Control
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE HEALTH AND SAFETY HOME 15 Health and Safety at Balama: Malaria Control The Malaria Control Program at Balama is structured around five core pillars, each focused on practical, proactive measures to reduce malaria transmission and safeguard the health of our wo
Slide 16: Health and Safety at Vidalia
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE HEALTH AND SAFETY HOME 16 Health and Safety at Vidalia Training and continuous improvement initiatives are key to operating safely at Syrah Strong focus on safety initiatives continued during the quarter: Environmental Protection Agency (“EPA”) Safety Improvem
Slide 17: Environment
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 17 Environment Cell 2A - TSF Balama Graphite Operation
Slide 18: Q4 Environment Highlights
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 18 Q4 Environment Highlights Leading practice environmental standards maintained across our operations Environmental Management Water Management Tailings Management Waste Management ISO 14001 Environmental Management Continued focus on reducin
Slide 19: Balama Emissions and Air Quality
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 19 Balama Emissions and Air Quality Greenhouse gas emissions and air quality monitored closely Syrah maintains a rigorous Air Quality Management Program at Balama as part of its Environmental & Social Management Plan, which has been establishe
Slide 20: Life Cycle Assessment
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 20 Life Cycle Assessment Life cycle assessment of Syrah’s operations confirms a strong position relative to other suppliers of natural graphite and active anode materials Global Warming Potential (kg CO2 eqv./kg product)(1) Life Cycle Assessme
Slide 21: Balama Solar and Battery Hybrid System
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 21 Balama Solar and Battery Hybrid System Solar and Battery Hybrid System reduces GHG emissions at Balama Balama’s Solar and Battery Hybrid System remains central to advancing Syrah’s ESG strategy ✓ Syrah has constructed, commissioned and cont
Slide 22: Water Management at Balama
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 22 Water Management at Balama Water management closely monitored at the BGO (1) Balama Chipembe Dam Withdrawal vs Licensed Volumes (ML) Cumulative Water Withdrawal - Chipembe Dam Licensed Actual Volume % of Licensed 2,500 Period Withdrawal Vol
Slide 23: Water Management at Balama
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 23 Water Management at Balama Water management closely monitored at the BGO Water Usage(1) 300 100% 250 80% Water Consumption (ML) Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25Sep-25 Oct-25 Nov-25 Dec-25 YTD 200 % Recycled 60% ML Tot
Slide 24: Waste Management at Balama
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 24 Waste Management at Balama Responsible waste management is a core element of Syrah’s ESG strategy (1) Non-Hazardous Waste at Balama (tonnes) Balama - Non-Hazardous Waste Disposal by Method Stored on 200 Recycled Composting Incinerated Total
Slide 25: Environmental Stewardship at Vidalia
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE ENVIRONMENT HOME 25 Environmental Stewardship at Vidalia Environmental stewardship remains a critical focus area
Slide 26: Community and Stakeholders
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE COMMUNITY AND STAKEHOLDERS HOME 26 Community and Stakeholders Inauguration of Solar-Powered Chipembe Primary School 7 de Setembro Community
Slide 27: Q4 Community and Stakeholder Highlights
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE COMMUNITY AND STAKEHOLDERS HOME 27 Q4 Community and Stakeholder Highlights Ongoing commitment to partnering with the community and stakeholders for sustainability Local Development Social Responsibility Economic Contribution Stakeholder Engagement Delivering o
Slide 28: Livelihood Development Program
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE COMMUNITY AND STAKEHOLDERS HOME 28 Livelihood Development Program Driving sustainable livelihood development amid ongoing challenges Addressing Community Concerns and Maintaining Open Dialogue ✓ Following the restoration of Balama site access in May 2025, the
Slide 29: Community Development Agreement
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE COMMUNITY AND STAKEHOLDERS HOME 29 Community Development Agreement Transition from CDA I to CDA II A Community Development Agreement (“CDA”) is a formal framework established between Twigg, host communities, and the Mozambiq ue Government for the delivery of d
Slide 30: Community Development Agreement
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE COMMUNITY AND STAKEHOLDERS HOME 30 Community Development Agreement Ongoing stakeholder engagement to drive a robust 5 year community investment plan The development of CDA II followed a transparent and participatory process designed to strengthen legitimacy, r
Slide 31: Community Development at Balama
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE COMMUNITY AND STAKEHOLDERS HOME 31 Community Development at Balama Our commitment to the sustainable development of host communities Sustainable Income Generation Activities (“SIGA”) Through the Community Development Agreement (“CDA I”) and the Local Developme
Slide 32: Community Development at Balama
Q2 2025 QUARTERLY SUSTAINABILITY UPDATE COMMUNITY AND STAKEHOLDERS HOME 32 Community Development at Balama Our commitment to the sustainable development of host communities Balama Professional Training Centre ✓ Following the completion of a formal agreement with Mozambique’s Institute for Vocational
Slide 33: Local Community Engagement at Vidalia
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 COMMUNITY AND STAKEHOLDERS HOME 33 Local Community Engagement at Vidalia Strengthening relationships within the Vidalia local community Town of Vidalia Emp
Slide 34: Stakeholder Engagement across Syrah
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 COMMUNITY AND STAKEHOLDERS HOME 34 Stakeholder Engagement across Syrah Strengthening relationships with state and federal stakeholders Battery Show North A
Slide 35: Stakeholder Engagement across Syrah
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 COMMUNITY AND STAKEHOLDERS HOME 35 Stakeholder Engagement across Syrah Strengthening relationships with state and federal stakeholders Louisiana Central’s
Slide 36: Stakeholder Engagement across Syrah
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 COMMUNITY AND STAKEHOLDERS HOME 36 Stakeholder Engagement across Syrah Strengthening relationships with state and federal stakeholders IMARC - Sydney ✓ Syr
Slide 37: Stakeholder Engagement across Syrah
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 COMMUNITY AND STAKEHOLDERS HOME 37 Stakeholder Engagement across Syrah Strengthening relationships within Mozambique National Peace and Reconciliation Foru
Slide 38: People
38 SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 38 People TSF & Hydro Employee Balama Graphite Operation Q2 20 23 Quarterly Susta inability Update 38
Slide 39: Q4 People Highlights
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY QUARTERLY SUSTAINABILITY REPORT UPDATE 2025 Q2 PEOPLE HOME 39 Q4 People Highlights Syrah supports and empowers its people to reach their full potential Diversity and Inclusion Employee Engagement Local Employment Learning and Development Committed to
Slide 40: Wellness Program at Balama
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 40 Wellness Program at Balama Promoting good health and wellness through awareness initiatives Wellness initiatives at Balama and Maputo Corpor
Slide 41: People Engagement Initiatives at Balama
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 41 People Engagement Initiatives at Balama Implementing actions from employee feedback programs Workplace Mental Health Webinar ✓ In November 2
Slide 42: People Engagement Initiatives at Vidalia
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 42 People Engagement Initiatives at Vidalia Implementing actions from employee feedback programs Best-in-Class Employer Recognition by Gallaghe
Slide 43: Syrah Group People Overview
SYRAH RESOURCES SUSTAINABILITY QUARTERLY Q4 2025 QUARTERLY REPORT UPDATE SUSTAINABILITY 2025 Q2 PEOPLE HOME 43 Syrah Group People Overview Key Workforce Indicators: Gender and Retention Gender Diversity ACTUAL TARGET(1) Business Area Description as at 31 Dec 2025 By 2028 2025 Representation of women
Slide 44: People Key Insights: Vidalia
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 44 People Key Insights: Vidalia Ongoing focus on strengthening local employment and diversity of the workforce Diversity and development of the
Slide 45: People Key Insights: Mozambique
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 45 People Key Insights: Mozambique Ongoing focus on strengthening local employment and diversity of the workforce Diversity and development of
Slide 46: People Key Insights: Balama
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 46 The Internal Union Committee formally established at Twigg in 2016 was People Key Insights: Balama with the Company's full support. Fosterin
Slide 47: Governance
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 GOVERNANCE HOME 47 Governance Vidalia AAM Facility Vidalia, Louisiana
Slide 48: Balama Maintains IRMA
Q4 2025 QUARTERLY SUSTAINABILITY UPDATE GOVERNANCE HOME 48 Balama Maintains IRMA 50 Balama is the first graphite operation globally to complete an IRMA assessment and attain an IRMA achievement level As part of the audit, Balama was evaluated against 40 Critical Requirements 26(1) chapters and over
Slide 49: Human Rights and Modern Slavery Risk Management
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 GOVERNANCE HOME 49 Human Rights and Modern Slavery Risk Management Syrah commits to further identifying, mitigating and addressing its human rights and mod
Slide 50: Tailings Management
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 PEOPLE HOME 50 Tailings Management Syrah is committed to best practice ESG and waste management standards Balama TSF – Commissioning of Cell 2A ✓ In Octobe
Slide 51: Climate Reporting
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORT UPDATE QUARTERLY 2025 2025 Q2 Q2 GOVERNANCE HOME 51 Climate Reporting Foundations for AASB S2 Climate Disclosure Readiness Background Syrah is progressing work to align with the Australian
Slide 52: All Quarterly Sustainability Updates can be found here
SYRAH RESOURCES SUSTAINABILITY Q4 2025 QUARTERLY SYRAH RESOURCES QUARTERLY SUSTAINABILITY SUSTAINABILITY REPORTUPDATE QUARTERLY 2025 2025 Q2 Q2 HOME 52 All Quarterly Sustainability Updates can be found here: https://www.syrahresources.com.au/Sustainability/reports