Slide 1: Q4 2020 Quarterly Activities Report
For personal use only Q4 2020 Quarterly Activities Report 21 January 2021 Shaun Verner – Managing Director & CEO -
Slide 2: Important notice and disclaimer
Important notice and 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.
Slide 3: Syrah's Value Proposition
Syrah’s Value Proposition For personal use only ● Electric Vehicle (EV) adoption is gaining momentum Electric Vehicles require graphite ● Anodes in lithium-ion batteries used in EVs are made of graphite ● Global anode supply chain is currently 100% reliant on China Graphite is a strategic critical m
Slide 4: Syrah's positive ESG profile
Syrah’s positive ESG profile For personal use only ISO:45001 and ISO:14001 certification at Balama Leading health and safety standards Vidalia battery anode project being developed to ISO operating standards Sustainability frameworks based on: Global Reporting Initiative (GRI) Best practice su
Slide 5: Q4 2020: Key Points
Q4 2020: Key Points For personal use only • Bankable Feasibility Study (“BFS”) confirmed robust economics for anode production in the USA Vidalia Battery Anode • Active Anode Material (“AAM”) produced using Vidalia precursor, product qualification underway with potential customers Material Project •
Slide 6: Global EV sales recovery indicates increased natural graphite demand
Global EV sales recovery indicates increased natural graphite demand For personal use only H1 2020 EV Sales Down 17% YoY H2 2020 EV Sales Up 89% YoY +75% +134% +128% +85% Global EV Sales (thousand units) -13% 300 +67% +53% -14% -19% -2% -34% +4% 0 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 201
Slide 7: Vidalia expansion significantly de-risked
Vidalia expansion significantly de-risked For personal use only Date De-risking Milestones Dec 2020 BFS confirms robust economics for large scale AAM production at Vidalia Oct 2020 First production of AAM (toll treated) using anode precursor from Vidalia Jul 2020 First production of purified spheric
Slide 8: Vidalia has key requirements for large-scale AAM production
Vidalia has key requirements for large-scale AAM production For personal use only Proximity to potential customers Access to key utilities Options to expand facility size Direct barge/port access to Mississippi river Supportive government relations Access to key consumables (HF, HCL, Cau
Slide 9: BFS confirms attractive margins at current AAM prices
BFS confirms attractive margins at current AAM prices For personal use only BFS key outcomes: Operating Cost – US$/t AAM 40 ktpa Observable natural graphite spot AAM price(4): US$5,471/t Metric Units 10ktpa Facility Facility Annual processed graphite ktpa 18 73 AAM production ktpa 10 40 By-product p
Slide 10: Syrah on track to become an integrated graphite AAM producer ex-Asia
Syrah on track to become an integrated graphite AAM producer ex-Asia For personal use only Source: Syrah product testing & benchmarking 10
Slide 11: Progressing to become an integrated natural graphite AAM producer ex-Asia
Progressing to become an integrated natural graphite AAM producer ex-Asia For personal use only • Syrah to complete Front End Engineering and Design (FEED) and commence Detailed Design for 10ktpa AAM facility in Q1 2021 • Project development pathway beyond Detailed Design will be informed by strateg
Slide 12: Balama Graphite Operation current status
[CURRENT STATUS] Balama Graphite Operation For personal use only • Balama sold 163,000 tonnes of natural graphite into the global market in 2019 • Production at Balama was temporarily suspended in March 2020 due to COVID 19 impacts(1): • Travel restrictions • Lower end user demand • Travel restricti
Slide 13: Syrah progressing to be a vertically integrated natural graphite anode supplier
Syrah progressing to be a vertically integrated natural graphite anode supplier For personal use only ESG auditable with anode material from Vidalia to have a single chain of custody back to the source Balama Natural Graphite Operation(1) Vidalia Battery Anode Material Project(2) MILLING/ CARBON THE
Slide 14: Summary and Outlook
Summary and Outlook For personal use only • Syrah remains on track to become a vertically integrated producer of natural graphite AAM to supply ex-Asia markets • In Q1 2021, Syrah plans to: Vidalia Battery • Complete Frontend Engineering and Design (FEED) for expansion to 10ktpa Anode Material Proje
Slide 15: Appendix
For personal use only Appendix 15
Slide 16: Syrah's global business to supply growing battery anode demand
Syrah’s global business to supply growing battery anode demand For personal use only Contract Sales Liaison, Sales & Shanghai Marketing Hub, UAE Balama Graphite Vidalia Battery Anode Operation, Material Mozambique Project, Louisiana USA Head Office, Australia 16
Slide 17: Balama Graphite Operation asset summary
Balama Graphite Operation asset summary For personal use only Overviews Graphite Mineral Resources and Ore Reserves Location Cabo Delgado Province, Mozambique Classification Tonnes (Mt) TGC (%) Life of Mine(1) ~50 years Total Reserves 107.54 15.73 Mining Simple open pit mining, low strip ratio - Pro
Slide 18: Vidalia Battery Anode Material Project
Vidalia Battery Anode Material Project For personal use only Project Location: Vidalia (Louisiana, USA) Project History Date De-risking Milestones Proximity to potential customers Access to key utilities Dec 2020 BFS confirms robust economics for large scale AAM production at Vidalia Options t