EcoGraf Limited (EcoGraf or the Company) to provide an update on the Development and Works Approvals for its new EcoGrafTM Battery Anode Material (BAM) Facility in Western Australia. As the new development has received Project of State Significance status, facilitation is being provided by the Department of Jobs, Tourism, Science and Innovation to support Western Australia's Future Battery Industry Strategy and the Diversify WA: Supply Chain Development Plan. The Development Approval process is managed by the City of Rockingham and involves assessment of the Company's development application submitted at the end of January, a period of community consultation and preparation of a Responsible Authority Report for the regional Joint Development Assessment Panel.

Public comments closed on 25 March and the Company has presented its plans to the Mayor and Chief Executive Officer of the City of Rockingham, providing an overview of the development and its importance to the extensive investment in new battery minerals processing facilities in the Rockingham-Kwinana Strategic Industrial Area, which will lead to significant job creation and economic growth in the region. The City of Rockingham has provided EcoGraf with feedback to the Development Approval submission and the Company will submit its responses by the end of the month, after which the City of Rockingham will meet to formally consider the proposal and make a recommendation to the Joint Development Assessment Panel. Works Approval processes are led by the Western Australian Department of Water and Environmental Regulation (DWER) and are conducted in parallel with the Development Approval program.

Following initial consultation, DWER will undertake the assessment under the Western Australian Environmental Protection Act 1986. A review of the Company's application has been completed by DWER and EcoGraf is currently engaging with DWER to support the evaluation and approval process. The new EcoGraf HFfreeTM BAM Facility is located in an established industrial precinct that's been designated as a priority zone for the development of a globally leading battery minerals processing centre and the land on which it will operate is being leased to the Company by the State Government land agency DevelopmentWA.

In conjunction with the Development and Works Approvals activities, preparations have commenced for undertaking initial site works comprising earthworks, pads, drainage facilities, access roads and installation of underground electrical, gas, water and sewerage services. As part of this phase, EcoGraf has appointed global consultancy Turner & Townsend International to assist with the execution of the project implementation program.