Syrah Resources Limited · ASX:SYR
Syrah Resources — Q3 2026 Earnings Presentation
10 slides from Syrah Resources's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026 Quarterly Activities Report
rsonal use only Q3 2026 Quarterly Activities Report 29 October 2026 syrahresources.com.au Q3 2026 Quarterly Activities Report Syrah Resources | ASX: SYR1
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, Investor Relations and Media Enquiries invitation, solicitation or recommendation in relation to the purchase or sale of shares in a
Slide 3: In summary
In summary ▪ Very strong operational performance at Balama in Q3 2026; higher production, excellent recovery rsonal use only ▪ Vidalia AAM production for both final qualification purposes and the commencement of ramp-up of commercial operations to establish inventory for sales Current Dynamics ▪ US$
Slide 4: Q3 2026 Quarterly Performance
Q3 2026 Quarterly Performance Very strong operational performance at Balama with higher production and excellent recovery Operational Summary Financial Summary rsonal use only Balama production Natural graphite sales Cash balance 19kt 18kt US$76m 88% recovery and 95% grade 90% fine to coarse sales m
Slide 5: Safety and Sustainability
Safety and Sustainability Committed to operating sustainably for our people, community and other stakeholders Group Performance rsonal use only 0.0 TRIFR1 Female employment National employment in Vidalia regional 20% across 98% Mozambique 90% employment Syrah Group in USA2 Historical Investment in M
Slide 6: Q3 2026 Cash Flow Bridge
Q3 2026 Cash Flow Bridge Cash flow from operations reflects payment for a breakbulk shipment produced and sold during the quarter occurring after quarter end, offset by receipt of a 45X tax credit Cash flow bridge – 30 June 2026 to 30 September 2026 (US$m) rsonal use only 98 5 (32) 8 (3) (1) 76 (0)
Slide 7: Potential policy catalysts and strong growth outlook
Potential policy catalysts and strong growth outlook Syrah continues to advocate for clear policy action to strengthen demand and bolster US supply independence Despite US AD/CVD not being implemented, US Government Energy transition underpinning demand for Syrah’s products rsonal use only intervent
Slide 8: Operational and financial outlook
Operational and financial outlook Balama Vidalia Corporate rsonal use only Mining and processing plant campaign Vidalia is producing high-quality AAM operations to continue into 2027. and has full readiness for ramp-up and Cash balance of US$76m as at 30 Targeting growth in contracted sales and is m
Slide 9: Syrah is the Western leader in graphite and anode materials
Syrah is the Western leader in graphite and anode materials First mover in ex-China Geopolitically strategic critical Growing graphite market commercial scale supply minerals assets driven by the battery boom NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES rsonal use only Sy
Slide 10: Thank you
Thank you rsonal use only Q3 2026 Quarterly Activities Report 10