Elevra Lithium (SYA) Investor presentation summary

Strategic positioning and growth

• Leading hard-rock lithium producer in North America with a combined ore reserve of 106Mt at 1.15% Li₂O and a total resource of 229Mt at 1.14% Li₂O.

• Expansion of North American Lithium (NAL) operations aims to lower costs and increase production, with staged growth starting in 2027.

• Diversified asset portfolio includes NAL (production), Moblan (studies, 60% ownership), Carolina Lithium (studies), and Authier (studies).

• Strong engagement with U.S. and Canadian governments to support critical mineral supply chains.

• Pro-forma net cash of US $321 million and market cap of US $1,887 million following recent strategic financing.

Operational performance and expansion

• Record plant utilisation and process improvements led to Q3 FY26 concentrate production of 47kt and 66% lithium recovery.

• NAL generated US $41 million in operating cashflow, with higher sales prices offsetting increased unit costs.

• Expansion plan targets a 74% increase in annual production capacity to 338kt and a 21% reduction in unit costs.

• Post-expansion NPV (8% post-tax) projected at US $2.3 billion, with total initial capex of US $139 million for full production.

• Brownfield expansion includes mill optimisation, expansion, and full production stages, with incremental capacity increases and cost efficiencies.

Growth projects and development pipeline

• NAL expansion and Moblan project offer significant production growth, with Moblan targeting 300ktpa of spodumene concentrate.

• Moblan resource base increased 6.5x since acquisition, now at 121Mt @ 1.19% Li₂O; fully funded for pre-development activities.

• Carolina Lithium received mining permit and is positioned as one of only two significant spodumene projects in the U.S.

• Moblan DFS (2024) shows C$2.2B post-tax NPV and 34.4% IRR, with ongoing studies to incorporate larger resource base.

• Strategic partnerships, including a non-binding offtake MOU with Mangrove Lithium, support downstream integration.