Sarytogan Graphite : Corporate Presentation

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GIANT
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OPPORTUNITY IN
ersonal	KAZAKHSTAN

18 JULY 2022

ASX LISTING

INVESTOR ROADSHOW

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Disclaimer & Competent Persons' Statement

Important Disclaimer

You must read this notice before reading or making any use of this Presentation (defined below) or any information contained in this Presentation. By continuing to read, use or otherwise act on this Presentation, you agree to be bound by the following terms and conditions, including (without limitation) any modifications to them.

This Presentation has been prepared by Sarytogan Graphite Limited (ACN 107 920 945) ("Sarytogan Graphite"). It is onlybeing supplied to you on a strictly confidential basis for the proposed initial public offering and Australian Securities Exchange listing of Sarytogan Graphite (or an associated entity). Neither this Presentation nor any copies of this Presentation may be circulated or disclosed (electronically or otherwise) to any persons who do not receive this Presentation directly from Sarytogan Graphite or its legal advisers. If you do not agree to be so bound, you should immediately return this Presentation to Sarytogan Graphite and destroy or delete any copies of it, without retaining any

copies.

The information provided by Sarytogan Graphite management contained in and accompanying this presentation ("Presentation") has been prepared solely for information purposes only, and on the express understanding that it will nly be given and used for the purpose of providing a summary overview of, and background information about, Sarytogan Graphite and its business ("Purpose") and may be superseded by any subsequent disclosure to the due diligence committee or in the prospectus lodged by Sarytogan Graphite with the Australian Securities and Investments

useCommission. This Presentation is not a prospectus, disclosure document or offer document under the Corporations Act 2001 (Cth) ("Corporations Act") or any other law. This Presentation does not constitute, and is not to be construed as, an offer to issue or sell, or a solicitation of an offer or invitation to subscribe for, buy or sell securities in Sarytogan Graphite. The information in this Presentation is general in nature and does not purport to be all inclusive or to contain all information that may be required to evaluate all of the factors that would be relevant to the recipient in considering the Purpose, or otherwise relating to Sarytogan Graphite. The information in this Presentation (including any statement of fact or opinion) is subject to change without notice and has not been independently verified by Sarytogan Graphite or any third parties (unless otherwise expressly specified).

This Presentation has been prepared as of 15 November 2021. Sarytogan Graphite reserves the right in its absolute discretion to alter this presentation but does not undertake to update this Presentation (except to the extent required by law). To the maximum extent permitted by law, each of Sarytogan Graphite and its subsidiaries and controlled affiliates

ersonal(together, the "Company") and each of their respective directors, officers and employees (together, the "Representatives") expressly exclude and disclaim any obligations or undertaking to release any updates, supplements, corrections or revisions to the information in this Presentation to reflect any matter arising or coming to their notice after the date of this Presentation which may affect any matter referred to in this Presentation.

No Recommendation or Advice

This Presentation is not and should not be construed as a recommendation by Sarytogan Graphite or its Representatives to you to participate in any transaction. Neither Sarytogan Graphite nor its Representatives makes a representation that it has verified the information in this Presentation.

The information in this Presentation is of a general nature and does not constitute financial product advice, investment advice or any recommendation to acquire securities nor is it intended to form the basis of any investment decision. Nothing in this Presentation constitutes legal, financial, tax or other advice and should not be relied on by the recipient in considering the merits of any particular transaction. It has been prepared without considering the objectives, financial situation, tax situation or needs of individuals. Recipients should consider the appropriateness of the information having egard to their own objectives, financial situation, tax situation and needs and seek legal and taxation advice appropriate for their jurisdiction.

Neither this Presentation nor anything contained in it forms the basis of any contract or commitment and it is not intended to induce any person to engage in, or refrain from engaging in, any transaction.

Third Party Information

Certain information in this Presentation has been derived from third parties or publicly available information and the accuracy of that information has not been independently audited or verified by Sarytogan Graphite or its Representatives. Accordingly, the accuracy and completeness of that information (and any other information in the Presentation) is not guaranteed. The Presentation Information may contain forward-looking statements with respect to the Sarytogan Graphite's businesses and operations, market conditions, results of operations and financial condition, funding requirements and risk management practices. Any forward-looking statements included in this Presentation involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, Sarytogan Graphite or its shareholders or any other person. In particular, they speak only as of the date of this Presentation, they assume the success of Sarytogan Graphite's strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this Presentation ("Recipients") are cautioned to not place undue reliance on such forward-looking statements. Sarytogan Graphite makes no representation or warranty as to the accuracy, reliability or completeness of information in this Presentation and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this Presentation has been issued. To the extent permitted by law, Sarytogan Graphite and its officers, employees, related bodies corporate and agents ("Agents") disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Sarytogan Graphite and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

Financial Information and Modelling

All amounts in Australian dollars unless stated otherwise. The financial information (and associated financial analysis) contained in or referred to in this Presentation is current as of the date of this Presentation but is in summary form and indicative only. It differs from statutory financial information and does not purport to be the level or type of information that would be required for financial reporting purposes or for any transaction. No representation or warranty (express or implied) is made as to the reasonableness of the assumptions made within, or the accuracy or completeness of, any such financial information, or associated modelling or financial analysis. Any future investor presentation, disclosure document or other material may include more comprehensive financial information (including a comparison between statutory and pro forma financial information).

Competent Persons' Statement

The information in this Presentation that relates to JORC estimates of Mineral Resources and Exploration Results was first reported in the Prospectus dated 23 February 2022 available at www.sarytogangraphite.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Persons' findings are presented have not been materially modified.

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Sustainable Competitive Advantage

ersonal use only

The highest-grade and 2nd largest graphite deposit of ASX peers. Inferred Mineral Resource of 209 Mt @ 28.5% TGC.

Graphite is un-substitutable in the rapidly growing battery market.

Kazakhstan is an established mining jurisdiction ideally located between the largest battery manufacturers in Europe and China.

Tightly held shares. 54% of shares escrowed for 2 years from IPO including 39% held by Technical Director Dr. Waldemar Mueller.

Established in-country team able to rapidly execute work programs.

High grade sample from the Sarytogan Graphite Project 3

Corporate Overview

only	Post IPO Capital Structure
Gross Proceeds of Initial Public Offer	$8.6M
	Shares on Issue following Offers (Undiluted)	132.5M
	Major Shareholder Dr Waldemar Mueller	39%
	Escrowed Shares at Listing (mostly 2 years)	54%
use	Options (25c expiry 30/11/2024)	42.8M
	Performance Shares and Perf. Rights	20M
	Market Capitalisation - Undiluted at 20c	$26.5M
ersonal	Legal Advisors
	IPO Lead Managers

Stephen Penrose Non-Executive Chairman, LLB, J.D.,

Lawyer and Managing Partner of Tottle Partners, specialising in corporate and commercial litigation.

Sean Gregory Managing Director, B.Sc.(Hons), MBA

Geologist and Mining Executive with more than 20 years' experience in minerals exploration, development and mining in iron ore, lithium, cobalt, nickel, and gold in Western Australia and abroad.

Dr. Waldemar Mueller Technical Director, PhD, M.AusIMM

Geologist with more than 40 years' experience in exploration and valuation of mineral resources. He has held leadership positions German, Canadian and Australian companies working on projects in Brazil, Kyrgyzstan, Georgia & Kazakhstan.

Brendan Borg Non-Executive Director, B.Sc., MSc, M.AusIMM

Geologist, Hydrogeologist and Environmental Scientist specialising in the battery materials sector with more than 20 years' experience in exploration development and mining.

Ian Hobson Company Secretary, B.Bus, FCA, Grad. Dip. (Cor. Gov.)

Fellow Chartered Accounted and Chartered Secretary with more than 30 years' experience in the areas of corporate finance, governance, corporate

accounting, company secretarial and restructuring advice.	4

Environment Social Governance

Our future products will enable the decarbonisation of energy and transportation. We are committed to the highest standards in Environment Social Governance.

only		Natural graphite has a 10x lower CO2 footprint than synthetic graphite
		Environment	1% of annual geological expenses paid to rehabilitation fund
use		50% local employment commitment
			50% local content commitment
		Social	1% of annual exploration expenses for staff tuition
			1% of future revenue on R&D
			Regional social economic development contributions
ersonal		ASX's Corporate Governance Principles and
		Governance	Recommendations are adopted where applicable
		and reported against on our website

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