Evion Group Nl · ASX:EVG
Evion Group Nl — Africa Down Under 2025
33 slides from Evion Group Nl's conference presentation, Sep 4, 2025
Slide 1: Vertically integrated graphite business positioned for growth
Vertically integrated Africa Down Under September 2025 ASX: EVG Corporate Presentation eviongroup.com graphite business positioned for growth. For personal use only
Slide 2: Disclaimer
Disclaimer 02 Forward Looking Statement Competent Person’s Statement Certain statements contained in this presentation, including information as to the future financial or operating performance of Evion Mineral Resource – Razafy and Razafy NorthWest Group NL (‘‘the Company’) and its projects, are fo
Slide 3: Overview
03 Overview Maniry Mine Evion is a vertically 01 Evion is generating revenue. Production of expandable graphite since March 2025 at Panthera BAM integrated graphite our 50:50 JV in India is making cash and has significant revenue upside. Market producer positioned For personal use only Team Invest f
Slide 4: A tale of two graphites
04 Overview Maniry Mine A tale of two graphites. Panthera BAM Market For personal use only Team Invest 01 Expandable graphite 02 Purified Spherical Graphite Natural flake graphite flakes are oxidised Flake graphite concentrate is purified and in sulphuric acid, creating a material that shaped to cre
Slide 5: Maniry Graphite Project
05 Overview Maniry Mine Panthera BAM Market For personal use only Team Invest Maniry Graphite Project. High-grade flake graphite project in mining friendly Madagascar.
Slide 6: Maniry is the only graphite project in Africa recognised by EU Critical Raw Materials Act
06 Overview Maniry Mine Maniry is the only graphite Panthera BAM project in Africa to be Market recognised by the EU’s For personal use only Team Invest Critical Raw Materials Act.* *Refer ASX release dated 5 Maniry Graphite project has been recognised as June 2025 Evion Group a strategic future sup
Slide 7: Madagascar is the largest producer and exporter of graphite outside China
07 Overview Maniry Mine Madagascar is the largest producer New bypass road from RN7 highway to be used to access Toliara Port. This Panthera BAM and exporter of graphite in the public road, financed by the World Bank, has been under Market world outside of China*. construction over the last 12 For p
Slide 8: Maniry has a large, high-grade resource with long-term upside
08 Overview Maniry Mine Maniry has a large, Panthera BAM high-grade resource Market with long-term For personal use only Team Invest upside. Cautionary Statement: The Ore Reserve Total Resource Exploration Target Exploration Targets reported herein 16.2Mt 40Mt 260-380Mt are not JORC compliant Minera
Slide 9: Madagascar is a proven mining destination for global players
09 Overview Maniry Mine Madagascar is a Panthera BAM proven mining Market destination for For personal use only Team Invest global players. Established mining jurisdiction: Over a century of graphite production, a skilled local workforce, and active project expansion supported by the World Bank and
Slide 10: Pathway to production in Madagascar
10 Overview Maniry Mine Pathway to Early-stage development with EU Panthera BAM production in grant finding followed by mine development Market Madagascar. For personal use only Team and begin production. Invest Offtake partners in progress. Funding plans and discussions have Permitting and licence
Slide 11: We are committed to supporting Madagascar and our host communities
11 Overview Maniry Mine We are committed to Panthera BAM supporting Madagascar Market and our host communities. For personal use only Team Invest Economic Major jobs Education Improved Improved Industrial growth growth development healthcare infrastructure growth A commitment to spend Mine construct
Slide 12: Panthera Graphite Technologies
12 Overview Maniry Mine Panthera BAM Market For personal use only Team Invest Panthera Graphite Technologies. Brand new, state-of-the art, purpose-built processing facility near Pune, India.
Slide 13: Feasibility Study shows strong financial returns
13 Overview Maniry Mine Feasibility Study Panthera BAM shows strong Market financial returns.* For personal use only Team Invest Panthera Graphite JV Project Life Total Gross Revenue Total EBITDA Total Net Cash After Tax NPV – After Tax IRR – After Tax (real) 25 years US$477.7M US$226M US$174.8M US$
Slide 14: Panthera Graphite JV established with Metachem Technologies
14 Overview Maniry Mine Panthera Graphite 01 JV established with Metachem Manufacturing Co, an experienced Panthera BAM Technologies. expandable graphite producer with over 20 years’ operating history. Market For personal use only Team Invest 02 Production facility located in a Special Economic Zone
Slide 15: A$400K supply agreement reached with leading US graphite company
15 Overview 25 June 2025 ASX Release Maniry Mine Panthera BAM A$400K supply Market agreement reached For personal use only Team Invest with leading US graphite company. The maiden US order represents around 80 metric tonnes of expandable graphite. The sales order reflects growing US demand for secur
Slide 16: Evion is fully funded to complete project growth for stage 2
16 Overview Maniry Mine Evion is fully funded The JV has plans in place to rapidly expand production. Panthera BAM to complete project Stage 3 10,000tpa Market growth for stage 2 For personal use only Team Invest production1. 1Refer ASX Announcements dated 6 November 2024 and 21 Stage 1: US$5M inves
Slide 17: Panthera revenue is expected to reach US$35M by 2027
17 Overview Maniry Mine Panthera revenue 2027 is expected to Panthera Production 10,000tpa BAM Revenue Market reach US$35M For personal use only US$35M/year Team Invest by 2027. Evion’s goal is to achieve a significant share of the future supply of expandable graphite outside of China. Projected 202
Slide 18: Battery Anode Material Project (BAM)
18 Overview Maniry Mine Panthera BAM Market For personal use only Team Invest Battery Anode Material Project (BAM). Uncoated spheronised purified graphite (SPG) for use in lithium-ion batteries.
Slide 19: Battery Anode Material Project (BAM)
19 Overview Maniry Mine Battery Anode Simplified Preferred Process Route – Caustic Bake Purification. Panthera BAM Material Project Market (BAM). For personal use only Team Invest Refer ASX Announcement 17 January 2023 Vertical integration: Plan to feed fine flake product from Maniry to future Batte
Slide 20: Scoping study supports strong economics and technical viability
20 Overview Maniry Mine Scoping study Panthera BAM supports strong Market economics and For personal use only Team Invest technical viability. 30,000tpa Refer ASX Announcement 17 Pre-Tax NPV8% Pre-Tax IRR Initial CAPEX Total Pre-Tax Cashflow Payback January 2023 US$392M 39.5% US$117M US$2,808M 3.51
Slide 21: Battery growth is driving the future of graphite
21 Overview Maniry Mine Battery growth is Flake graphite demand Mt Panthera BAM driving the future Market of graphite. For personal use only Team Invest An average EV battery contains 50 to 100kg of Global demand for flake graphite is graphite. expected to rise by 239% by 2034, led by explosive grow
Slide 22: Ex-China battery grade supply falling behind demand
22 Overview Maniry Mine Ex-China battery Ex-China Battery Grade, -100 mesh supply and demand for anode materials, Mt Panthera BAM grade supply falling Market behind demand. For personal use only Team Invest A growing disconnect is emerging between demand and supply of anode- grade graphite, particul
Slide 23: The western world wants ex-China graphite supply
23 Overview Maniry Mine The western world wants Panthera BAM ex-China graphite supply. Market For personal use only Team Invest 01 USA 02 European Union July 18 2025 Not more than 65% of EU critical minerals USA Government has imposed a 93.5% demand may be met by a single country by tariff on anode
Slide 24: Supply risk for critical raw materials in military applications
24 Overview Maniry Mine Panthera BAM Market For personal use only Team Invest Supply risk for critical raw materials in military applications. Benedetta Girardi, Irina Patrahau, Giovanni Cisco and Michel Rademaker (2023). ‘Strategic raw materials for defence, Mapping European industry needs’, The Ha
Slide 25: Natural graphite is cheaper to produce and has far superior ESG credentials
25 Overview Maniry Mine Natural graphite is Natural graphite demand 2024 to 2034*. Panthera BAM cheaper to produce 2034 3,654Kt Market and has far superior For personal use only Team Invest ESG credentials to synthetic. *Source: Benchmark Mineral Intelligence Natural graphite is projected to replace
Slide 26: An experienced Board, positioned to deliver the next phase of growth
26 Overview Maniry Mine Panthera BAM Market For personal use only Team Invest Heather Zampatti David Round Warrick Hazeldine Craig Lennon An experienced Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Board, positioned Previously Head of Wealth Management at Bell
Slide 27: Upcoming value drivers in H2 2025
27 Overview Maniry Mine Upcoming value Panthera BAM drivers in H2 2025. Market For personal use only Team Invest 01 02 03 04 05 06 India JV Maniry Project Financing & Offtake Final Investment BAM Plant Expansion Approvals Permitting Agreements Decision (FID) Development Strong sales Achieve key Fina
Slide 28: Evion is a compelling investment opportunity
28 Overview Maniry Mine Evion is a compelling Panthera BAM investment opportunity. Market For personal use only Team Invest 01 02 03 Cashflow Commitment Confidence Evion is generating revenue. Production Evion’s Maniry Graphite project has the Evion is moving ahead with confidence of expandable grap
Slide 29: Corporate snapshot
29 Overview Maniry Mine Corporate Panthera BAM snapshot. Market For personal use only Team Invest Share Price Market capitalisation Shares on issue ASX Share price performance ($A) 12 months to 1 September 2025 $A0.031 $A13.61M 439M 0.035 As at 2 September 2025 As at 2 September 2025 As at 2 Septemb
Slide 30: Contact us
30 Contact us Graphite producer positioned for growth For personal use only Evion Group NL Suite 3, Ground Floor 28 Ord Street West Perth Australia 6005 David Round Managing Director eviongroup.com info@eviongroup.com +61 8 6158 9916
Slide 31: Maniry Exploration Target
31 Maniry Exploration Target For personal use only A description of the datasets, Drilling and Assay Data Trenching Refer ASX Announcement 14 assumptions and August 2018 • Drilling was undertaken at four separate Prospects and was completed • Malagasy Minerals Limited completed a program of trenchin
Slide 32: Maniry Project Mineral Resource
32 Maniry Project Mineral Resource For personal use only A breakdown of the Maniry *3% TGC cut-off grade Project Mineral Resource is Area Classification Tonnes Total Graphitic Contained Graphite as follows Carbon (%TGC) (tonnes) **5% TGC cut-off grade Razafy* Indicated 13.6 6.5 890,000 Reported at t
Slide 33: Source data
33 Source data For personal use only Company Code Market Cap. Project Stage of Mineral Mineral Mineral Mineral Resources Ore Reserves Source Document Development Resources Resources Resources (Total) (Measured) (Indicated) (Inferred) NextSource TSX:NEXT ~CA$75.81M Molo Producer 23.622Mt at 76.746Mt