Evion Group (EVG) investor relations material

Executive summary

• Maniry received mining permits under Madagascar’s new Mining Code and secured its first binding graphite offtake, advancing regulatory and commercial readiness ahead of financing and FID.

• Exploration advanced at Carp in Nevada, while PGT expanded its sales reach with a post-quarter Vietnam order; quarter-end cash was A$5.755m.

Financial highlights

• Quarter-end cash was A$5.755m, versus A$4.706m at the start of the quarter.

• Net cash used in operating activities was A$1.072m; exploration and evaluation payments were A$117,000, with nil spent on mine production or development.

• Cash from financing activities was A$2.139m, including A$2.327m from equity issues and A$182,000 in transaction costs.

Outlook and guidance

• Maniry’s 2022 DFS outlined Stage 1 output of ~39,000 tpa, rising to up to 60,000 tpa in Stage 2, over a 21-year initial mine life; pre-tax NPV was US$263m.

• Priorities include final environmental approval, completion of the mining permit decree and FMISC levy, definitive offtake, project funding and work toward FID.

• Carp plans include magnetic and geochemical surveys, assay reporting and BLM permitting ahead of a maiden drilling programme planned for 2027, subject to approvals.

• PGT is targeting ramp-up toward 2,500 tpa Stage 1 capacity, Stage 2 expansion and further Asian sales and customer qualification.