Elevra Lithium (SYA) investor relations material

Strategic transformation, rationale, and merger synergies

• Merger creates Elevra, the largest North American hard-rock lithium producer, with a combined ore reserve of 106Mt @ 1.15% Li₂O and a resource base of 183Mt @ 1.16% Li₂O, and delivers a stronger balance sheet and expanded operating base.

• Unified ownership at NAL unlocks brownfield expansion, optimizes logistics, and enhances financial strength for growth, with annual synergies exceeding US$15M.

• Elevra's brand reflects ambition, energy transition, and a new era in sustainable industry.

• Enhanced market relevance and significant logistics, procurement, and marketing synergies are expected.

Corporate structure, governance, and financial position

• Post-merger, Elevra has 168 million shares and a pro forma cash position of A$227 million as of June 2025.

• Dual listing on ASX (ELV) and NASDAQ (ELVR) broadens investor access, with a name change to Elevra Lithium expected in late September 2025.

• Board and management bring deep mining, financial, sustainability, and cross-border capital markets expertise.

Resource base, operational performance, and growth

• NAL reserves increased 124% since 2023 to 49Mt, and resource to 95Mt, supporting longer mine life and expansion.

• Moblan resource grew 6.5x since 2021 to 121Mt, with 48Mt in reserves and 90% in measured and indicated categories.

• NAL operational improvements: ore mined up 14%, mill utilization at 93%, and concentrate production up 31% YoY to 205kt in FY25, with unit operating costs at A$1,198/t.