ECOGRAF LIMITED

Materials

EcoGraf is a vertically integrated manufacturer of battery (spherical) graphite for lithium-ion battery and advanced manufacturing markets. Its two key operations are: 1. EcoGraf (Battery Graphite Manufacturing Project) - a processing facility in WA that manufactures 20,000tpa of spherical graphite products for exports to Asia, Europe and North America. Export Finance Australia has announced it will consider a proposed provision of debt finance (US$35 million) for a new US$72 million state of the art processing plant in Kwinana WA, pending due diligence and final contract documentation. 2. TANZGraphite (Epanko Graphite Mining Project) - Natural flake graphite mining projects in Tanzania. The mining licence has been granted, a BFS carried out (EBITDA US$44.5m, IRR 38.9%), and off-take sales commitments for planned production secured with various parties. Looking to secure and finalise financial regulatory approval for debt financing of a proposed US$60m with the KfW IPEX-Bank.