Talga Group Ltd. · ASX:TLG
Talga — Shareholder Meeting (November 2025)
31 slides from Talga's shareholder meeting presentation, Nov 20, 2025
Slide 1: Annual General Meeting
Talga Group (ASX:TLG) (OTCQX: TLGRF) For personal use only Annual General Meeting Mark Thompson, Managing Director Thursday November 20, 2025
Slide 2: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer Talga Group Ltd ACN 138 405 419 (the Company) is the issuer of this presentation. Forward-looking statements This presentation contains forward-looking statements. Those forward-looking statements reflect views held only as at the date of this presentation. Any su
Slide 3: CEO Presentation
CEO Presentation For personal use only AGM 2025 Martin Phillips, CEO, Talga Group
Slide 4: For personal use only
For personal use only
Slide 5: Active anode qualification plant operating in Luleå
iii _Active,anode qualification pla Talga has been operating shaping/coating “EVA” plant | for three years in Lulea, Sweden plopriont Mpreement for it : Ay Sy ae be = oe ay * im Commercial. sales agreefnents for anode and final customer ce = kN ;testing by industrial users G3 lig =~ : git a & fs » i
Slide 6: Lithium-ion Battery supply chain
Lithium-ion Battery supply chain Talga’s focus for commercial agreements el Ce » (> rats O ae i > || Mines and Metals and Active Battery Cell Energy System OEMs Recyclers Black Mass Graphite Material Manufacturers Designers & Raw Materials Refineries Chemicals Assemblers \ J \ J\ J 4 YT 1‘ \ a J Tal
Slide 7: Lithium-ion Battery supply chain: OEMs focus for security of supply
Lithium-ion Battery supply chain OEMs focus for security of supply a> — ol O# fp > (> rats O ae i > || Mines and Metals and Active Battery Cell Energy System OEMs Recyclers Black Mass Graphite Material Manufacturers Designers & Raw Materials Refineries Chemicals Assemblers —— Security of Supply >< \
Slide 8: Industriklivet Grant
Fu Fale | i ng (6 Swedish ES) pecctee Union << Energy Agency NextGenerationEU > Industriklivet Grant » Received SEK 82.6 million (A$13.35m) grant from Swedish Energy Agency under the Industrial Leap (“Industriklivet”) program. » Will partly fund a project costing SEK190 million (A$30.8m) to advance
Slide 9: MD Presentation
MD Presentation For personal use only AGM 2025 Mark Thompson, MD, Talga Group
Slide 10: Talga Differentiators Battery-Ready Coated Graphite
Talga Differentiators Battery-Ready Coated Graphite Active anode material production (not raw material). 100% Owned Tech PFE/FEOC-free equipment & coating technology. For personal use only Customer-Qualified Validated with multiple clients in high-performance apps. Binding offtake with Nyobolt for f
Slide 11: Why is it Critical?
Why is it Critical? Graphite props up most modern industry Fundamental to industry Thousands of uses that underlie modern life Weakest link Raw graphite is abundant but coated battery graphite (anode) is controlled by one country Globally recognised as Critical Mineral Natural graphite and anode cla
Slide 12: Why battery graphite?
Why battery graphite? The anode of most commercial Li-ion batteries is made of 95% graphite. It is the largest volume but least known mineral in energy storage. For personal use only 12 Source: BMO Research 2025, Industry Reports.
Slide 13: Supply chain worse than REE's
“Supply chain worse than REE’s” Raw material abounds but downstream production to anode nearly 100% China-based For personal use only Graphite Geographic Refining Concentration Across a Selection of Critical Materials 13 UBS Global Research 7 Nov 2025
Slide 14: Geopolitical drivers
Geopolitical drivers Battery graphite materials derive almost exclusively in China For personal use only New restrictions on export permits includes graphite materials, anode production tech and equipment 99.95% Battery Graphite Anode US localisation rules enacted (PFE and FEOC) and China graphite s
Slide 15: Supply risk
Supply risk • NATO nations increasing defence expenditure to 5% of GDP by 2035 and making efforts to derisk the supply chain from China • Defence today requires advanced batteries for • Graphite identified as most crucial critical mineral For personal use only drones, submarines, unmanned vehicles,
Slide 16: Anode production project in Sweden
Anode production project in Sweden Purification, shaping and coating plant site in Luleå, adjacent to green steel/chemical projects, road/rail/port infrastructure For personal use only Luleå 16
Slide 17: Anode production project in Sweden
Anode production project in Sweden Integrated 100% owned graphite mine and anode plant to produce 19,500tpa graphite products in Stage 1 and over 100,000tpa in Stage 2 For personal use only Refinery fully permitted 19,500tpa anode Clean, low cost energy and construction ready 17 See: ASX:TLG 1 July
Slide 18: Talga Upstream Resource
Talga Upstream Resource Key Differentiators Secure Location Sweden (NATO member) Premium Grade For personal use only World-leading resource with reserve grade 24.1% graphite1 uniquely suitable for fast-charge batteries Stockpiles at Ready 27,000 tonnes mined ore available now 18 Talga’s See: Vittang
Slide 19: Talnode products
Talnode® products High-performance graphite anode for premium battery applications Talnode®-C * Super fast-charge and low temp. performance « Patented low emission anode made from our Swedish graphite using our proprietary coating process _ Talnode®-R ,* Recycled graphite anode, made from graphite w
Slide 20: Talga – Qualification underway
Talga – Qualification underway Current Talga battery materials and technology demand For personal use only Talnode-C & R for qualification Talnode-C qualification, BESS, Defense Talnode-R BEV, PHEV, HEV & 3C Electronics Talnode-C and R for qualification Talnode-C for qualification EV, BESS, Defense,
Slide 21: Strong Sales Pipeline momentum
Strong Sales Pipeline momentum Commercial Progress Five major battery manufacturers successfully validated Talga’s coated graphite anode for Li-ion battery cells High-growth sectors including defence, aerospace, robotics and AI datacentres/BESS at pricing indications above EV industry For personal u
Slide 22: Talga turns waste graphite into anode
Talga turns waste graphite into anode • Proprietary recycled graphite anode produce developed from lithium-ion battery waste For personal use only • Works on feedstock from production scrap and end-of-life batteries • Developed by Talga scientists using graphite concentrate extracted from “black mas
Slide 23: USA expansion opportunity
USA expansion opportunity • Talga can now build anode production facilities in the USA and other strategic sites, in addition to our Swedish Vittangi Anode Project, by incorporating recycled feedstocks For personal use only • Replicating our existing anode refinery defined in DFS and FEED studies 3,
Slide 24: USA development
USA development Partnerships • Talga technology and operations align with US strategic For personal use only goals and reshoring plans • Initial partnership with United Catalyst Corporation, a South Carolina company with 30+ years of processing and mineral recovery (PGM’s, auto catalysts) expertise
Slide 25: USA potential sites
USA potential sites • Site reviews ongoing, but focus is South Carolina For personal use only in emerging “Battery Belt” of mid-west USA • Battery and EV ecosystem hub with numerous State incentive packages, including grants, tax credits, bonds, and infrastructure support. • Incentives include 30% R
Slide 26: What we do…
What we do… Graphite Supply Talga Anode Production Technology Customers For personal use only Talga Mine Sweden Black Mass Battery Cell Purification Shaping Coating Talnode® Recyclers Manufacturer End users Defence Robotics AI Datacentres BESS EVs 26
Slide 27: Corporate Summary
Corporate Summary ASX:TLG OTCQX:TLGRF At 1210 20 Nov 2025 Terry Stinson- Non-executive Chair Board Over 35 years’ Executive and Non-Executive Director Ordinary Shares 456.3 M Citicorp Nominees P/L 32,399,153 7.1% experience, working for global innovation companies. Formerly the CEO & MD of Orbital C
Slide 28: www.talgagroup.com
For personal use only www.talgagroup.com ASX:TLG
Slide 29: JORC Graphite Reserve and Resources
JORC Graphite Reserve and Resources Ore Reserve 3, 5 Tonnes Graphite (% Cg) Nunasvaara (JORC 2012) 2,260,140 24.1 For personal use only Probable 2,260,140 24.1 Mineral Resources 1, 2, 4, 6, 7, 8 Tonnes Graphite (% Cg) Vittangi (JORC 2012) 35,020,000 23.8 Indicated 26,691,000 24.3 Inferred 8,329,000
Slide 30: JORC Exploration Target
JORC Exploration Target 2021 Exploration Target Vittangi Graphite Project For personal use only Vittangi (JORC 2012) Low High Tonnage Range 170Mt 200Mt Grade Range 20% Cg 30% Cg Note that the potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient
Slide 31: Competent Person Statements
Competent Person Statements The Vittangi Mineral Resource estimate was first reported in the Company’s announcement dated 6 October 2023 titled ‘Talga boosts Swedish battery graphite’. The Company confirms that it is not aware of any new information or data that materially affects the information in