EcoGraf (EGR) Corporate Presentation summary

Market drivers and supply chain context

• Global demand for natural graphite is projected to exceed supply from 2026, with over 80% of 2030 demand driven by the battery sector.

• China maintains dominance in graphite supply, but new export controls and US/EU tariffs are accelerating supply diversification.

• Graphite is classified as a 'very high risk' material for defence, prompting Western governments to prioritize secure supply chains.

• The EU and US have enacted legislation to ensure sustainable, regionalized supply of critical minerals, including graphite.

Vertically integrated business model

• The operation spans upstream mining (Epanko), midstream mechanical shaping, and downstream HFfree® purification for battery anode materials.

• The Epanko project in Tanzania is the largest development-ready graphite resource in Africa, with a 290.8 Mt resource and 14.3 Mt ore reserve at 8.8% TGC.

• Mechanical shaping and purification facilities are designed for scalability and cost efficiency, with strategic locations near infrastructure.

• The HFfree® process is patented, eco-friendly, and delivers high-purity graphite with minimal waste and low carbon emissions.

Project execution and financials

• Epanko Stage 1 targets 73,000 tpa, with expansion plans to over 300,000 tpa; debt financing of up to US$105m is in progress.

• The German government has given a positive preliminary review for UFK loan cover; environmental and social due diligence is complete.

• The HFfree® purification facility in the US is forecast to operate at US$478/t, 34% lower than traditional HF methods, with a pre-tax NPV of US$282m and IRR of 39%.

• European and Asian expansion is underway, with Germany as a key focus for new purification sites.