For personal use only ASX: SYA Investor Presentation - Entering the - PowerPoint PPT Presentation

For personal use only ASX: SYA Investor Presentation - Entering the Resource Definition Phase Sourcing the raw materials of the future January 2016

The he gree een n en ener ergy y revolut olution ion is is un unde derw rway ay For personal use only ….creating demand for graphite, lithium and and cob cobalt alt for or use use in in ba batt tter eries ies

Sayona’s st strate tegy For personal use only Source and develop high purity flake graphite for use in the rapidly growing, green technology sectors

Two o de develop elopmen ment t pr projec ojects ts For personal use only EAST KIMBERLEY ITABELA • 278 km 2 tenement package • 133 km 2 tenement package • Located in a proven large flake • Located in world’s second graphite province largest graphite producing region • Excellent infrastructure • High-purity large flake graphite • Drilled completed Dec 2015 • Excellent infrastructure • Drilling results pending • Drilling to commence Feb 2016

Eas East t Kimber Kimberley ley Pr Projec oject For personal use only Savannah nickel mine Resource – 7.1Mt @ 4.73%TGC* *www.lambooresources.com.au

Ge Geop ophy hysics sics hig highligh hlights ts 20 20km km st struc uctu ture For personal use only

Cor Corkw kwoo ood d - a a major major ne new g w graph phite ite disc discover ery For personal use only

Jumb umbo o an and d lar large ge fl flak ake siz e size e de demon monst strate ted d For personal use only 9

Ea East st Kimbe Kimberley ley Dr Drill illing ing – De Dec c 20 2015 15 3,000m of drilling For personal use only completed – assays pending – at six prospects

Eas East t Kimber Kimberley ley Dr Dril illi ling ng – ty typica pical l cr cros oss s se sect ction ion For personal use only

Region gional al infr infras astr truc uctu ture For personal use only 240 km from Wyndham Port Regional mining services centres High quality sealed roads Local skilled workforce Savanah nickel mine and 12MW power station

CLOSE TO ASIAN MARKETS For personal use only

Tar arge getin ting g a a JO JORC C Res esou ource ce in in 20 2016 16 For personal use only

Ita Itabe bela la – st strate tegica gicall lly y loca locate ted d in in Br Brazil azil For personal use only

Br Brazil azil is is a ma a major jor pr prod oduc ucer er of of g graph phite ite 2 nd For personal use only LARGEST GRAPHITE PRODUCING REGION IN THE WORLD 3 OPERATING GRAPHITE MINES 70 YEARS OF CONTINUOUS PRODUCTION

Itabela’s na natu tural al ore e adv dvan anta tage ge Ore is brittle and friable For personal use only Low % of graphite fines Large flake graphite Close to US and Located close to Simple flotation Low cost mining European export domestic markets process flowsheet markets

Super Sup erior ior qu quality ality graph phite ite For personal use only Flake Size Mesh Size Microns Distribution % Cg Super Jumbo 30# >500 4% 95% Jumbo 50# >300 32% 95% Large 80# >180 27% 97% Medium 140# >106 17% 97% Fine -140# <106 20% 97% 31,000 kilograms of pilot scale test work Itabela Concentrate Minimum +95% Carbon Content

The he lar large ge f flak lake e ad adva vant ntage ge Graphite Distributi Indicative Price Value For personal use only Flake Size (US$/tonne) (US$/tonne) Size (µ) on Super >500 4% 2,500 100 Jumbo Jumbo >300 32% 2,000 640 Large >180 27% 1,500 405 Medium >106 17% 1,100 187 Fine <106 20% 750 150 Weighted basket price $1,482 $XX Less low operating costs = PROFIT Itabela Concentrate Minimum +95% Carbon Content*

10% more jumbo and large For personal use only flake graphite can be produced at a min. 93% Cg concentrate

Simple Simple pr proc oces ess s fl flow she w sheet et Flakes liberated without excessive grinding For personal use only High-purity graphite produced without chemicals No crushing

Well ell est established blished infr infrast astruct uctur ure Gas For personal use only Porto Seguro Airport Itabela township Power Water Support services

CLOSE TO USA & EUROPEAN MARKETS For personal use only

Ita Itabela bela – po positiv sitive e pr projec oject t ec econ onomics omics For personal use only Simple Low Shallow Large High Good Process Cost Pit Flake Purity Infrastructure

Itabela’s ne next xt st steps eps Drilling to For personal use only commence * February 2016

Corpor Cor porate te sna snapsh pshot ot CAPITALISATION TRADING EXCHANGE For personal use only ASX: SYA/SYAO 1.9¢ Price *as at close 19 Jan 2016 SHARES/OPTIONS $9.8M Market cap 517 Million shares $1.46M 110 Cash Million options As at Dec 2015 SHAREHOLDERS 44% DIRECTORS TOP 20 74%

Sh Shar are e pr price ice dr driv iver ers East Kimberley assay results For personal use only Drilling and resource definition phase at Itabela Active stock promotion Market Capitalisation ($A million) 50 Average Market Cap. of listed $ 811 m Graphite companies* Off-take agreements 40 30 Syrah 20 TSX ASX 10 $ 23 m $ 21 m $ 12 m $9.8 m 00 *ASX Closing 19/01/15. Based on 19 companies, excluding Syrah/VXL. TSX Closing 18/01/16. Based on 7 companies

SY SYA A va value lue prop opos osition ition For personal use only Targeting proven, large Projects in close flake, high purity graphite proximity to target districts – suitable for use technology markets in new green technology sectors Projects located in Low enterprise value established mining compared to industry jurisdictions with peers stable taxes and royalties Major shareholders Well established and Board have strong mining districts with track record of excellent infrastructure successful investments to support low costs 3

St Stron ong g te team am with with tr trac ack k rec ecor ord d of of s suc ucce cess ss  35 years of resources industry experience For personal use only Dan O’Neill  Geologist with significant project development and public company Managing Director experience  Founding director of lithium company, Orocobre Ltd  23 years of resources industry experience Corey Nolan  Strong combination of corporate and capital markets experience Chief Executive Officer  Previously Managing Director of South American focused exploration company, Elementos Limited  35 years of resources industry experience Paul Crawford  CPA and previously Company Secretary of companies including Orocobre Ltd Executive Director (founding director), Elementos Ltd and ActivEx Ltd  35 years of operating experience in the resources sector James Brown  Significant coal development and operating experience including 22 years with New Hope Corporation Non-Executive Director  Managing Director of ASX listed lithium development company, Altura Mining Ltd  40 years of development and operating experience in the resources sector Allan Buckler  Built large-scale mining operations in Australia and Indonesia Non-Executive Directo r  Former director and chief operations officer for New Hope Corporation