For personal use only of the future ASX: SYA Canary Networks - PowerPoint PPT Presentation

Sourcing the raw materials For personal use only of the future ASX: SYA Canary Networks Battery Materials Investor Roadshow Charging Ahead To Develop The Authier Lithium Project AUGUST 2016

The Green Energy Revolution For personal use only Creating Demand for Graphite & Lithium for Use in Batteries

The Company’s strategy is to For personal use only change the world and power the future by sourcing and developing the raw materials essential for lithium-ion battery production

Project Pr oject Por ortf tfoli olio Lithium Lithium Gr Graphit phite For personal use only

Quebe Que bec, c, Can Canad ada A globally significant region for lithium deposits For personal use only Quebec has a well developed & 22Mt @ 01.29% Li20 37.2Mt @ 0.94% Li20 Government supported mining industry 32.6Mt @ 1.56% Li20 TOP rated mining jurisdiction by Fraser Institute (no. 6 in world) 14.25Mt @ 1.41% Li20 Host to a number of large high-grade Lithium deposits 9.2Mt @ 0.96% Li20 Most infrastructure and transport logistics constrained – require capital intensive lithium carbonate plants

Authier uthier Infr Infras astr truc uctu ture Well established development infrastructure For personal use only Excellent Infrastructure Low cost hydro power Road and rail access Experienced local mining workforce 653 ha tenement Excellent package Infrastructure Located in a major mining district 50km by road to the Quebec Lithium Plant

For personal use only Authier Spodumene Bearing Pegmatite

Aut uthie hier Lithium Lithium Dep Deposit osit Extensively drilled For personal use only 123 2,143 15,000 m holes lithium assays 200 m deep and drilled still open

Aut uthie hier Lithium Lithium Dep Deposit osit Pit Pit Con Contou tour r Simple deposit geometry For personal use only Authier Deposit 825 m lo ng 25 m average width 200 m deep and still open Well studied NI43-101 completed in 2013 Li2O % Grade Commercial and technical viability confirmed

Aut uthie hier JOR JORC C Miner Mineral al Reso esour urce ce Contained Tonnes Grades (Mt) (Li20) (Li20) For personal use only 2.08 0.95% 19,730 TOTAL 9.12 Mt 0.96 %Li20 5.16 0.97% 50,092 87,302 Contained Li20 1.88 0.93% 17,480 • 0.5% Li 2 0 cut-off grade* Cautionary Note - Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or • any part of the Mineral Resources estimated will be converted into Mineral Reserves estimate • The resource has been estimated and reported in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). * See ASX Release, “ Authier JORC Resource ”, 6 July 2016

Aut uthie hier Dep Deposit osit Reso esour urce ce Distribu Distribution tion High proportion of measured and indicated resources For personal use only N MEASURED INFERRED 20% 23% Cut-off Li2O 0.5% and Optimised Pit Contour

Aut uthie hier Lithium Lithium Dep Deposit osit Cr Cross oss Sec Section tion Amenable to low-cost, open-cut mining techniques For personal use only 200m deep and still open

Aut uthie hier Lithium Lithium Dep Deposit osit Exp Expans ansion ion Pote otential ntial Drilling to commence in September 2016 For personal use only N Potential E otential Extens xtensions ions of of the M the Miner ineralis alisation tion

Aut uthie hier Meta Metall llur urgy Conventional processing route For personal use only Flowsheet Design 85 % recovery 5-6 % Li20 concentrate Optimisation Options Dense Media Separation Downstream processing into intermediate products

Sp Spod odum umen ene e Co Conc ncen entr trate te Pr Pricing icing Attractive price outlook for concentrates Lithium Carbonate Price Forecasts* For personal use only Galaxy selling concentrates at US$600/t Significant higher than the Authier 2013 NI-43101 PEA price of CAD$525/t Lithium carbonate manufacturers still making attractive margins at long-term spodumene concentrate prices Cost of 6% spodumene US$550/t US$700/t Conversion recovery 85% 85% Factor @ 6% concentrate 7.93 7.93 Spodumene Price Forecasts* Concentrate cost US$4,362 US$5,551 Freight/Insurance US$250 US$250 Conversion cost US$2,000 US$2,000 Total cost to Li2CO3 US$6,612 US$7,801 Converter margin @ US$3,389 US$2,199 US$10,000/t Li2CO3 price Converter margin % 34% 22% Source: Macquarie estimate. * Deutsche and Cannacord reports. US$/tonne

Auth uthier ier Su Summar mmary For personal use only Low Extensively Well Simple Good Open Pit Purchase Drilled Studied Process Infrastructure Price

For personal use only Aut uthie hier Ne Next xt Ste Steps ps

Lit Lithiu hium m Pee eer r Un Univ iver erse se 1,000 For personal use only - EV/Resource value is low compared 900 to near-term developer peers 800 - EV is more indicative of lithium 700 explorers 600 500 400 300 200 $ 938 $ 1212 $ 481 $240 $ 578 100 0 Enterprise Value Per tonne of Measured and Indicated Resources ($A million)

Aut uthie hier Valu alue e Up-lif lift t Pot oten entia tial For personal use only $ 497 M $ 867 M $ 183 M $ 53 M $ 221 M $ 609 M $ 22 M $ 20 M* $ 16 M $ 17 M *Authier project Exploration Appraisal Development Production 5

Wes este tern n Aus ustr tralia alia Lith Lithium ium Por ortf tfolio olio A Globally Significant Region for Production of Lithium For personal use only Low-cost entry with Resource – 36Mt @ 1.05% Li20 1,116 km 2 Market cap – A$183m Resource – 128Mt @ 1.23% Li20 tenement holding , Market cap – A$609m including granted tenure Resource – 60Mt @ 1.36% Li20 Western Market cap – A$221m Australia Resource – 16Mt @ 1.08% Li20 GMM Market cap – A$204m GXY Market cap – A$497m a dominant global producer of Lithium from high-grade, hard-rock PEGMATITES

Ea East st Kimbe Kimberley ley Gr Graph phite ite Pr Proje oject ct Diamond drilling planned to test grades and quality For personal use only 3,000 m 278 km 2 drilling completed in Dec 2015 tenement 6 km of 20 km package target zone drilled Proven graphite Best assay province 12 % TGC Best Intercepts: World-class 16 m @ 5 %TGC 22 m @ 3.4 %TGC Infrastructure Open at depth and for access to along strike world Coarse graphite markets observed * See ASX Release, “Corkwood Drilling – Broad Zones of Mineralisation”, 17 February 2016

Corpor Cor porate te Summar Summary TRADING EXCHANGE CAPITALISATION For personal use only ASX: SYA/SYAO 2.5¢ Price As at 16 August 2016 $20M SHARES/OPTIONS Market cap 800 Million shares* $2.2M Cash * Estimate following rights issue and conditional 266 placement (Sept 2016) Million options* 3c exercise, Dec 2016 expiry SHAREHOLDERS 31% DIRECTORS 65% TOP 20

Str Stron ong g Tea eam m With ith Trac ack k Rec ecor ord d of of S Suc ucce cess ss Dan O’Neill Simon Attwell Corey Nolan Managing Director Exploration Manager Chief Executive Officer For personal use only 23 years’ of resources industry Geologist with 35 years’ of 29 years’ mineral exploration experience - success in experience resources industry experience generation, exploration and Corporate and capital markets Founding director of Orocobre discovery of mineral deposits experience Director of Altura Mining Director of Australian Tantalum, Previously Managing Director of which owned Pilgangoora leases South American focused and was subsequently acquired explorer, Elementos by Altura Mining Allan Buckler James Brown Paul Crawford Non-Executive Directo r Non-Executive Director Executive Director 35 years’ experience in the 40 years’ experience in the 35 years’ of resources industry resources sector resources sector experience 22 years with New Hope Built mining operations in CPA and previously Company Corporation Australia and Indonesia as Secretary of companies former director and chief including, Orocobre Ltd (founding Managing Director of ASX lithium operations officer for New Hope director), Elementos and ActivEx company, Altura Mining - $200m Corporation market cap. Director of Altura Mining

The he Ne New Er w Era a of of G Growth wth For personal use only Authier Pre-Feasibility Study and Drilling Western Australian lithium exploration East Kimberley Graphite Drilling Program Active stock promotion

Additional Information Slides For personal use only On the Lithium and Graphite Industries

Lithium … Critical in the Energy Revolution For personal use only Lithium is now considered a key, strategic energy Energy Storage – metal in the clean technology The economic economy that is “ “ value of energy being fuelled by An What if storage over a advances in Increasingly I Told You….. 10-year period in electric vehicles, Precious ” Lithium is the the US could energy storage Metal ” New Gasoline reach $ 228 and electronics Jan 2016 Dec 2015 billion, 21 % of the $ 1 trillion global economic benefit Disruptive Innovations II, 2014