Syrah Resources announced it has awarded Worley Group a contract to provide construction management services for the initial expansion of its active anode material ("AAM") facility in Vidalia, USA ("Vidalia") to 11.25ktpa AAM production capacity ("Vidalia Initial Expansion") 1 . These services have commenced and are being delivered by Worley's USA Gulf Coast team. To preserve the project schedule and ensure the Company was prepared to transition to early site
preparation work of the Vidalia Initial Expansion, Worley and Syrah have been jointly advancing initial pre-construction activities since August 2021. On 7 February 2022, Syrah announced a final investment decision on the Vidalia Initial Expansion and early works for site preparation are well underway. Worley is well positioned to maintain continuity in engineering and procurement execution and through the construction phase of the Vidalia Initial Expansion. Worley has significant knowledge of Vidalia's proposed processing technologies and key equipment packages and is integrated with Syrah's project team. The Company has worked closely with Worley through the previous project phases for the planned expansion of production capacity at Vidalia, including the Bankable Feasibility Study, front-end
engineering and design and detailed engineering and prourement. Worley also performed engineering, procurement and construction services for the installation of the carbonisation furnace at the Vidalia qualification facility.