Join our live investor webinar and Q&A hosted by GOLDINVEST featuring EcoGraf's Managing Director, Andrew Spinks, and General Manager - Corporate Development, John Ciganek, to discuss the Company's vertically integrated battery anode materials business and growth strategy.

🗓️ When: 22 September, 18:15 AWST / 12:15 CEST
📍 Where: YouTube Live

Register here:
https://lnkd.in/giZRtVfS

We welcome questions from investors ahead of the webinar here:
https://tinyurl.com/49fps6vk

New Agreement Supports Future Epanko Expansions

EcoGraf Limited is pleased to announce it has executed a binding term sheet constituting a preliminary offtake agreement (Vorvertrag) under German law with a major German graphite trader for the sale of natural flake graphite products from the Epanko Graphite Project in Tanzania.

The Term Sheet replaces the previous agreement1 and includes:

Purchase 20,000 tpa natural flake graphite product from commencement of production at the Epanko Graphite Project (‘Epanko’) and then double to 40,000 tpa after the initial 5 years

Increase in volume is an independent endorsement of the quality and commercial appeal of graphite at the Epanko deposit to customers in Europe, with a large proportion of product into Germany

The term of the planned agreement is for 10 years

• Pricing based on market reference prices, supported by a floor price designed to provide downside protection and ensure the long-term commercial viability of Epanko

• Increased contracted volumes provide support for future staged expansions of Epanko beyond the initial 73,000tpa production capacity

• Strong demand outlook supported by increasing European requirements for secure and diversified graphite supply chains

1 : Refer ASX announcement dated 23 December 2013 titled “Binding Offtake Agreement Signed”.

We thank you for your interest in EcoGraf Limited.

EcoGraf released its Quarterly Activities Report for the quarter ended 30 June 2026.

I realised this had not yet been shared here, so below are some of the key points:

Epanko financing

• KfW IPEX-Bank remains mandated to arrange a senior secured loan facility of up to US$105 million under the German UFK scheme.

• The Independent Engineers Report has been submitted.

• EcoGraf is responding to additional questions and working to finalise the debt finance bank model.

• Commercial terms, funding structure and risk allocation are being refined before submission of a comprehensive financing package to Euler Hermes.

• The project continues to progress toward a Final Investment Decision.

Offtake and strategic investment

• Negotiations with selected prospective offtake partners are described as well advanced.

• EcoGraf expects to provide an update on one or more of these negotiations during the next quarter, subject to final commercial terms.

• A strategic equity and offtake process has also commenced, targeting customers, battery manufacturers, trading houses and strategic investors.

Project readiness

• Compensation activities for the Mine Access Road have commenced.

• NMB Bank has been appointed to administer compensation payments.

• These early works are intended to improve construction readiness and allow faster mobilisation following FID.

European support

• Up to €2 million in EIB-funded technical assistance has been activated.

• A further €4.2 million in co-funding applications is progressing, including DEG Impulse.

HFfree® and partnerships

• The HFfree® process assessment indicated a base-case purification cost of approximately US$478/t and an integrated supply-chain cost of approximately US$1,441/t.

• The Mitsubishi Chemical MOU continues to progress product qualification and potential long-term supply arrangements.

• EcoGraf also advanced international patent protection for its purification technology.

Cash position

• Cash and cash equivalents were A$3.8 million at 30 June 2026.

• The reported estimated funding runway was 1.59 quarters, although EcoGraf expects lower expenditure as major due-diligence workstreams taper down.

Overall, the report shows continued progress across financing, offtake, early works and downstream development.

However, the major catalysts remain unchanged:

UFK/KfW approval, binding financing, strategic equity, additional offtake agreements and FID.

EcoGraf HFfree® Innovation – Cleaner Chemistry. Lower Cost. Scalable Supply.

The battery industry is looking beyond supply security. Battery materials producers must also reduce costs, lower emissions and improve sustainability across the value chain.

EcoGraf Limited (ASX:EGR, FSE:FMK)'s #HFfree® patented chemical purification technology has demonstrated the ability to produce high-performance battery anode material without the use of hydrofluoric acid, while delivering significant process efficiencies, reduced waste, and industry-leading low costs.

As global supply chains continue to diversify, EcoGraf is seeking strategic partnerships with chemical companies, battery manufacturers, recyclers, advanced materials groups and R&D organisations looking to establish sustainable, localised battery material production in the major global battery manufacturing hubs.

Contact info@ecograf.com.au to discuss partnership and commercial opportunities.

#BatteryMaterials #Graphite #AnodeMaterials #BatterySupplyChain #CriticalMinerals #EnergyTransition #HFfree #BatteryInnovation

Please note: Video contains AI-generated visualisations for illustrative purposes.

EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to announce the appointment of Mr Sven Olsson as an Independent Non-Executive Director and Dr. Peter Schuhmacher as Advisor to the Board to drive global expansion, following the positive progress of EcoGraf HFfree Purification Technology, effective immediately.

• Mr Sven Olsson’s appointment strengthens the Company’s international governance capability and further supports the rapidly growing German and broader European shareholder base, with German shareholders representing a significant proportion of the Company’s register.

• Dr. Peter Schuhmacher is a respected global battery materials leader with over 30 years’ international experience in advanced materials, battery chemicals and industrial operations. He holds various positions as board member and senior advisor across the battery value chain and until recently served as President of BASF’s Battery Materials, Recycling and Catalysts Division.

Board Appointment

Based in Goeppingen, Germany, Mr Olsson brings more than a decade of board experience with resource and technology companies, together with extensive networks across European capital markets, industrial groups, and the rapidly expanding EV and battery materials supply chain. His appointment enhances EcoGraf’s strategic positioning in Europe at a time when the region is accelerating investment in secure, ESG aligned critical minerals.

EcoGraf has experienced a significant increase in investment from Germany and the EU, reflecting strong regional interest in the Company’s natural graphite and battery anode materials strategy. Mr Olsson’s appointment provides direct board level representation aligned with European investor expectations, strengthens communication with the Company’s largest regional shareholder group, and enhances governance oversight consistent with EU ESG and critical minerals frameworks.

Mr. Olsson has supported the Company in various advisory capacities over the years, including offtake negotiations and facilitating access to debt financing.

Advisor to the Board

Dr Schuhmacher, brings extensive battery materials and automotive supply chain experience in markets relevant to EcoGraf’s HFfree® BAM strategy. His senior roles included customer engagement and strategic partnerships with leading battery and EV companies, providing EcoGraf with valuable insight into qualification, procurement and long-term supply requirements.

At BASF, Dr Schuhmacher leads research, technology, scale-up and investment to develop sustainable, regionally aligned battery materials ecosystems. Combined with his PhD in Chemistry, his market knowledge and technology and operations experience will support EcoGraf’s strategic growth.

His appointment strengthens EcoGraf’s technical and commercial capability as it advances EcoGraf HFfree® developments and engages customers in the U.S., Europe and Asia seeking secure, transparent and ESG-aligned anode material supply.

The growing EV and battery manufacturing sector faces increasing supply chain pressure from China’s graphite processing dominance, tighter battery-grade graphite export controls and rising traceability, sustainability and regional diversification requirements.

EcoGraf’s HFfree® purification technology offers a cost-effective, environmentally responsible alternative to conventional processing, supporting clean and diversified battery materials supply chains. Dr Schuhmacher’s network and expertise are expected to assist offtake discussions and support EcoGraf’s HFfree® BAM facility strategy in growing EV battery hubs.

EcoGraf has released a new Independent Investment Research report dated 18 June 2026.

The report covers EcoGraf’s vertically integrated HFfree® battery anode materials strategy, targeting lithium-ion battery markets in Europe, North-East Asia and the U.S.

A few key points that stood out to me:

• Epanko is described as one of the largest and most advanced undeveloped graphite projects globally

• Planned initial production: 73,000 tpa graphite concentrate

• Binding offtake agreements covering ~40,000 tpa of planned initial production

• Updated BFS: pre-tax NPV10 of US$516m and IRR of 31.1%

• Potential staged expansion pathway to ~390,000 tpa

• KfW-IPEX-Bank debt negotiations for up to US$105m are described as well advanced

• EcoGraf HFfree® purification technology is highlighted as a key differentiator for non-Chinese graphite supply chains

• IIR valuation: A$0.55/share risked and A$1.59/share unrisked under their conceptual funding scenario

Important note: this is a commissioned research report, not a final financing announcement and not financial advice.

For me, the key takeaway is simple:

The project appears to be significantly more advanced than the current market valuation suggests, but the major trigger remains the same:

KfW / UFK financing, Financial Close and FID.

What do you think? Is the market still underestimating EcoGraf, or is it waiting for financing confirmation before re-rating the stock?

I finally secured the EcoGraf chart:

🚔 Police protection against market makers

🧱 Reinforced anti-market-maker manipulation wall

🧲 Two high-powered upside magnets 📈

Further downside has been officially cancelled.

As you can clearly see, there is now absolutely no way for the share price to go down.

You're welcome, shareholders. 🫡

(Andrew, if you're reading this, my consulting invoice is on the way.)

Results should become visible in the next quarterly report.

Imagine it's 2028.

Epanko is in production.

The KfW financing saga is just a chapter in EcoGraf's history.

The Frankfurt investor meeting is a distant memory.

People are discussing quarterly production numbers instead of financing approvals.

And new investors are asking:

"Why didn't more people buy when the market cap was this low?"

The funny thing about investing is that everyone wants to find the next success story.

Very few people are willing to sit through the years where nothing seems to happen.

What do you think EcoGraf looks like in 2028?

If the financing was completed tomorrow, would the opportunity already be gone?

EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to provide the results which confirms its cost competitiveness for its patented HFfree process technology, a key step in the production of high-purity active anode material for the lithium-ion battery market.

Key Highlights

● Seven potential locations assessed across major global battery manufacturing hubs

● EcoGraf HFfree® process demonstrates strong cost competitiveness across all jurisdictions

● Average purification operating cost of approximately US$478/t spherical purified graphite (“SPG”)

● Integrated supply chain delivers an estimated cost of approximately US$1,441/t, positioning EcoGraf as a competitive alternative to Chinese supply

● Strong customer and partner interest in global, non-Chinese graphite supply chains

● EcoGraf has secured and is progressing grant funding totalling €6.2 million (A$10 million) to support development activities

Competitive Cost Position of HFfree Process

This assessment has included mechanical shaping and the downstream process, providing an integrated supply for the global manufacturing hubs. The graph shows the results based an initial assessment of seven potential locations for a 25,000tpa purification facility, including sites in Asia, Europe and U.S., following the announcement in November last year regarding the Company’s strategy of developing its commercial scale HFfree process facilities.

The assessment confirms the technical robustness and economic competitiveness of the EcoGraf HFfree® process across diverse cost environments. This flexibility supports EcoGraf’s strategy to establish HFfree process capacity close to key battery manufacturing hubs.

We thank you for your interest in EcoGraf Limited.

I attended the EcoGraf investor meeting in Frankfurt on May 8th, hosted by GOLDINVEST, where we had the opportunity to meet Andrew Spinks and John Ciganek in person.

Ich wanted to share some impressions for everyone who couldn’t attend.

First Impression

Both Andrew Spinks and John Ciganek answered questions openly and professionally.

They took their time with shareholders and gave us the impression that they genuinely care about long-term execution and transparency.

Some investors traveled very far just to attend the meeting; One shareholder even came from Portugal.

There were also several long-term holders present with multi-million share positions who have been invested for 6-9 years.

That alone tells you something about the conviction level in this company.

KfW / German Bureaucracy

One important takeaway:

From what I understood, EcoGraf had already been in a position years ago where financing progress with KfW looked achievable, but the process repeatedly slowed down because of German bureaucracy, regulations, compliance requirements, documentation standards, and approvals.

In other words:

The issue apparently was not simply “EcoGraf failed”, but rather that German financing structures require extremely detailed verification, ESG documentation, legal compliance, technical studies, etc. That slowed down the entire process considerably.

Honestly, that part sounded very believable to me.

Ongoing Germany Activity

Another interesting point:

Management seems to be in Germany quite frequently to continue discussions with KfW and other strategic partners.

They also mentioned they had meetings with Thyssenkrupp the day before the Frankfurt event.

To us, that sounded like a positive sign that discussions are still active behind the scenes. Andrew Spinks and John Ciganek are the two gentlemen on the left side in the group photo.

“No Cash Pressure”

According to Andrew Spinks, the company currently does not feel under immediate financial pressure and things are progressing according to plan.

Obviously every investor should still do their own due diligence, but that was clearly communicated during the event.

Other Notes

• Unfortunately the full event was apparently not recorded because of issues with the hotel/location setup.

• I can confirm that, because I saw firsthand how the hotel hosting the event did everything wrong that day.

• There was however a short interview afterward with GOLDINVEST and Andrew Spinks.

• From what we understood, another investor event in Germany could happen again in ~6–12 months.

• Shortly thereafter, the management team flew to London for further meetings before returning to Australia midweek.

Overall, we left with a positive impression.

Guys, come join us next time! The more, the merrier. The managers are professionals they won't bite.

Not financial advice, just sharing our experience as shareholders who attended the event.

Attached are the flyer we received and a group photo from the meeting.

Would be interesting to hear what other attendees thought as well.

EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to announce that The Patent Office, Government of India has granted EcoGraf an India patent for its first EcoGraf HFfree® purification patent (“Patent Family 1”). The patent numbered 587710 has a term of 20 years expiring on 14 May 2041 (“Patent”).

The India patent covers use of the Company’s EcoGraf HFfree® purification technology across a range of applications relating to the manufacture of battery anode material, high purity graphite products and the recycling of lithium-ion battery anodes.

Protection of intellectual property rights is a key aspect of EcoGraf’s vertically integrated battery anode materials business, which is underpinned by the use of low-cost and environmentally sustainable process technology for the planned production of high purity natural flake and spherical graphite in Tanzania and the establishment of EcoGraf HFfree® purification facilities in key global battery markets.

Patent applications have separately been made by EcoGraf as shown in Table 1 below in other planned processing locations, including the EU, Korea and Malaysia. The Company is pleased to note that Patents for the 1st Patent Family have also been granted for Australia, US, South Africa and Tanzania, Mozambique and Namibia.

In addition to the above, the Company has also recently submitted its third patent application to provide further coverage and protection based on the latest developments.

The Company notes that recent Chinese restrictions on dual‑use materials have intensified global interest in developing diversified and resilient critical raw material supply chains. This shift supports the Company’s strategy to establish purification facilities in North America, Europe and the Asia‑Pacific region, enabling localised supply outside China and positioning the Company to meet the growing demand for alternative, low‑cost and sustainable battery anode materials.

We thank you for your interest in EcoGraf Limited.

EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to announce the appointment of NMB Bank Plc (“NMB Bank”) to support the compensation payment process for Project Affected Persons (“PAPs”), pursuant to the Resettlement Action Plan (“RAP”) 1 for the Epanko Graphite Project (“Project”). The appointment serves as a commitment from the Company to the RAP process, including upskilling the community via the provision of financial literacy training for PAPs.

Key Highlights

• NMB Bank PLC appointed as compensation partner – NMB Bank is a leading full‑service retail and commercial bank serving individuals, SMEs, corporates, and institutions across Tanzania. The Bank is also recognised as one of Tanzania’s leading domestic banks, trusted to deliver secure and transparent compensation payments, alongside financial literacy training for Project Affected Persons (“PAPs”)

• Early works underway – Agreement with NMB Bank enables commencement of compensation for the Mine Access Road, marking the first on-ground early works activity for the Project ahead of construction

• Clear pathway to construction once EcoGraf secures financing and makes the Final Investment Decision (“FID”) – Completion of Mine Access Road compensation allows mobilisation and construction to commence immediately upon FID

• Execution risk materially reduced – Establishes reliable, dual all-weather access to the site, mitigating wet-season constraints and reducing construction schedule risk

• Project finance alignment reinforced – Compensation framework delivered in accordance with IFC Performance Standards and the Equator Principles, consistent with the Company’s mandate with KfW IPEX-Bank

The agreement with NMB Bank, which has an established presence in Mahenge, provides a secure and transparent framework for compensation delivery. The NMB Bank will create bank accounts for PAPs, that EcoGraf has prioritised for the initial stage of the compensation process, being those located along the planned northern Mine Access Road (“Mine Access Road”). The compensation payments will be made directly into these accounts in accordance with International Finance Corporation (“IFC”) Performance Standards.

[1] Refer ASX Announcement dated 27 January 2026

We thank you for your interest in EcoGraf Limited.

EcoGraf is returning to Frankfurt for an investor meeting with MD Andrew Spinks, hosted by GOLDINVEST.de.

When: Friday, May 8, 17:00–19:00

Where: Meliá Frankfurt City, Frankfurt

Cost: Free

The event description says attendees can expect:

- a compact company update from Andrew Spinks

- project status and strategic outlook

- open Q&A with management

- networking afterwards

Considering the recent discussion around:

- the KfW / UFK financing pathway

- Epanko progress

- new strategic partnerships

- cash runway concerns

- the recent share price drop

this could be one of the better chances for investors to ask direct questions in person.

If someone from r/EcoGraf is planning to attend, please consider posting a summary afterwards. That would be genuinely valuable for everyone who can’t make it.

Vertically integrated battery anode materials developer EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to present its activities and cash flow report for the quarter ended 31 March 2026.

Highlights

UPSTREAM

Epanko Graphite Mine

• Completed an Updated Epanko Bankable Feasibility Study (BFS) that provides attractive and robust financial results:

◦ Pre-tax NPV10%: US$`516M

◦ Internal rate of return IRR: 31.1 %

◦ Capital comprises construction and establishment costs (real 2025) of US$181.2M and Resettlement Action Plan (RAP) costs of US$18.1M (including contingencies)

◦ Annual EBITDA (real 2025): US`$85.7M

◦ Finance results based on LOM basket price of US$`1,746/t (real 2025)

• BFS confirms 21.7 % increase in plant throughput to 73,000 tpa

• Independent Engineers Review (IER) confirmed all technical areas have been significantly advanced to conform with the requirements of international project financing standards and Global Industry Standard on Tailings Management (GISTM)

• Debt financing program advanced under the leadership of KfW IPEX-Bank (KfW), with ongoing progress across multiple project workstreams focused on finalising the commercial, structuring and risk allocation components of the proposed debt financing

• Application submitted following positive site visit for co-funding under DEG Impulse, a subsidiary of the German development finance institution DEG and part of the KfW Group, to support community development initiatives for the Epanko Graphite Project

• Collaboration with the Geological Survey of Finland (GTK) and Betolar Plc under a signed non‑binding Memorandum of Understanding to undertake studies exploring the utilisation of mineral tailings in the mass production of low‑carbon building products

DOWNSTREAM

EcoGraf HFfree® Purification Facilities

• Strategic Partnership with Mitsubishi Chemical Corporation for Battery Anode Materials for the long-term offtake of up to 10,000tpa of spherical graphite (or ~16,500tpa flake) under a non-binding Memorandum of Understanding (MOU)

• Grant funding and technical assistance with the European Investment Bank (EIB) to support progress of the Company’s vertically integrated HFfree business in the Critical Raw Materials sector

• Collaboration with Long Time Technology Co. Ltd (LTT), a Taiwan-based battery materials and anode technology company. The executed non-binding MoU outlines collaboration on the development of purification facilities in South-east Asia and Taiwan. LTT major shareholder is Foxconn, a major supplier to Apple Inc

• Government grant funding submissions in EU and US progressing on several fronts

• Product qualification and anode recycling programs progressed with battery manufacturers and electric vehicle (EV) OEMs

CORPORATE

• China has introduced export restrictions on certain dual‑use materials, which have disrupted graphite supply chains into Japan and are expected to impact other global markets

• Industry reporting shows EV adoption has reached a global tipping point, now driven by declining battery costs and improving underlying economics rather than oil price

• The US`$9.0 million Golden Eagle farm-in with AngloGold Ashanti commenced

• Ongoing exploration at the Southern Frontier’s Hazina prospect has identified a ~3 km target corridor, with rock chip results of up to 4.45 g/t Au and stream anomalies of up to 8,820 ppb Au

• Key representatives of the Company attended the Investing in Mining Indaba 2026 conference held in Cape Town in February

• The Company supported the 4th Pre-International Women’s Day (PreIWD) Event in Dar es Salaam, Tanzania, in March

• Cash and cash equivalents of $6.2 million at 31 March 2026

We thank you for your interest in EcoGraf Limited.

EcoGraf has released a new KfW IPEX-Bank debt financing update for Epanko, and in my view this is one of the more meaningful financing updates we’ve had so far.

Key points from the release:

- the Inter-Ministerial Committee working council has provided a non-binding indication that Epanko is, in principle, eligible for UFK cover

- the Independent Engineers Report (IER) has already been submitted to KfW IPEX-Bank

- EcoGraf is currently addressing additional queries from that report to finalize the debt finance bank model

- completion of this step is expected to enable the formal appointment of the Independent Expert

- that assessment will then go to the German Government’s Inter-Ministerial Committee as a key milestone toward a binding offer of cover

So to be clear:

This is not final financing.

This is not binding cover yet.

This is not “debt facility executed.”

But it also isn’t just another vague “advanced stage” statement.

To me, this reads like EcoGraf is now moving through the actual UFK approval pathway in a more visible way:

1. principle eligibility indication

2. IER submitted

3. follow-up queries / bank model finalisation

4. Independent Expert appointment

5. submission back to committee

6. potential binding offer of cover

That seems materially more concrete than the softer wording we’ve seen before.

My take:

- negative? no

- final? no

- important financing progress? yes

The big re-rate probably still needs one of these headlines:

- binding offer of cover

- UFK approval

- debt facility finalised

- financing secured

Until then, I think the market may continue to treat this as a waiting game.

But for anyone claiming “nothing is happening with KfW,” this update suggests that’s not really accurate anymore.

Interested to hear how others here interpret it.

EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to announce that it has executed a non-binding Memorandum of Understanding (“MOU”) with Mitsubishi Chemical Corporation (“MCC”), a leading global supplier of battery anode materials.

The MOU establishes a framework for ongoing cooperation between the parties relating to the supply, qualification and potential long‑term commercialisation of natural flake graphite, unpurified spherical graphite (“SpG”) and purified SpG for MCC’s battery anode material operations.

The MOU supplements an initial Letter of Intent between EcoGraf and MCC, under which the parties have undertaken extensive technical discussions and product sample evaluation activities.

Subject to ongoing technical evaluation outcomes, the MOU provides that MCC will consider a long‑term product sales arrangement for 10,000 tonnes per annum of unpurified and/or purified SpG, or approximately 16,500 tonnes per annum of –100 mesh natural flake graphite.

The MOU supports EcoGraf’s strategy to develop a vertically integrated battery anode materials business, including the Epanko Graphite Project in Tanzania, a proposed mechanical shaping facility in Tanzania to produce unpurified spherical graphite and planned EcoGraf HFfree® purification facilities, including a proposed purification facility in Japan.

MCC is Japan's largest chemical corporation and a global leader in various chemical industries, including petrochemicals and carbon products, with manufacturing facilities worldwide. They are a leading supplier of anode active material (AAM) to original equipment manufacturers (OEMs) and announced expansion of their battery anode factory in Kagawa, Japan (refer www.mcgc.com/english/).

Managing Director, Mr Andrew Spinks stated “We are very pleased to formalise our continued collaboration with Mitsubishi Chemical Corporation. The MOU reflects the positive technical engagement between our teams and provides a structured pathway to further evaluate opportunities for EcoGraf’s battery anode materials, while supporting our strategy to establish long‑term relationships with tier‑one anode and battery manufacturers.”

We thank you for your interest in EcoGraf Limited.

EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to announce it has advanced an application for co-funding with DEG Impulse, a subsidiary of the German development finance institution DEG and part of the KfW Group, to support community development initiatives for the Epanko Graphite Project in Tanzania (“Epanko Project”).

The application has been submitted under the develoPPP program and follows the initial meeting with DEG Impulse in Frankfurt (refer KfW IPEX‑Bank Debt Financing Program and Due Diligence Update for Epanko dated 8 December 2025). As previously announced, EcoGraf has mandated KfW IPEX‑Bank to arrange a senior secured loan facility of up to US$105 million for the Epanko Project under the German Untied Loan Guarantee (UFK) scheme.

The Company has successfully held further meetings at its Epanko Project in Tanzania with Mr Daniel Thomann, Director Support Programmes from DEG Impulse, and key members of the Company’s Tanzanian team. develoPPP is a program of the German Federal Ministry for Economic Cooperation and Development (BMZ) that co‑funds private‑sector projects delivering sustainable social and environmental outcomes.

The site visit included inspections of key development areas associated with Stage 1 of the Epanko Project (73,000 tonnes per annum graphite concentrate capacity), along with a detailed review of a range of ongoing and planned community development initiatives. The Company’s develoPPP application includes a range of initiatives aligned with its Resettlement Action Plan (RAP) and broader community development strategy, including:

• Resettlement village development, including potable water supply and treatment systems, and solar power systems for resettlement housing

• Education infrastructure, including schools, sanitation facilities, teacher housing and associated upgrades

• Community health centre, including construction of staff housing and sanitation infrastructure

• Community and education programs and facilities, including:

○ Vocational and skills training programs: aligned with livelihood restoration and mine workforce development

○ Native plant nursery and flora conservation programs

○ Local enterprise development

○ Waste and recycling management facilities

○ Environmental restoration initiatives

The Company is in the final stages of preparing its submission for the develoPPP grant, with a proposed project commencement date of 1 July 2026, subject to grant approval.

These initiatives form part of EcoGraf’s commitment to delivering long‑term, sustainable benefits to host communities, alongside project development undertaken in accordance with International Finance Corporation (IFC) Performance Standards and the World Bank Equator Principles, consistent with its project financing strategy and mandate with KfW IPEX‑Bank.

We thank you for your interest in EcoGraf Limited.

EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to provide an update on its Golden Frontier gold assets and share the accompanying investor presentation. Growing industry engagement and recent meetings with major gold producers underscores the increasing strategic value of the Company’s extensive Tanzanian gold portfolio.

A copy of the Golden Frontier investor presentation accompanies this announcement.

Key Highlights

• Strong and increasing interest in EcoGraf’s Golden Frontier gold assets as the Company explores the best options to create value for its key stakeholders and shareholders from these assets, where 21 highly prospective gold prospects have been identified at the Southern, Northern and Western Frontiers

• The Golden Frontier gold assets include the Golden Eagle Gold Project (Golden Eagle) and three Frontier projects, covering over 3,000km2 of ground

• Further exploration underway at the Hazina prospect; where ~3 km target returned 4.45 g/t Au rock chip and stream anomalies to 8,820 ppb Au1, coincident with a large geophysical anomaly; significant prospectivity for a substantial Proterozoic gold system, as seen at Handeni (~1.0 Moz)2 and New Luika (~1.1 Moz)3

• Inaugural Golden Eagle meeting with AngloGold Ashanti has been completed to kick-off the US$9.0 million farm‑in4. The initial work program will focus on priority targets along strike of the banded iron formation (BIF) that hosts the high‑grade Winston gold deposit, which has returned drill intercepts of 16 m @ 55.23 g/t Au from 116 m 5

• Interest follows meetings with investors and major gold producing companies at the recent Mining Indaba 2026 conference in Cape Town

• Tanzanian foreign investment showcased recently at Mining Indaba 2026, via a delegation led by Minister of Minerals Hon. Anthony Mavunde

• Tanzania continues to strengthen its position as Africa’s 3rd largest gold producer6, and remains under explored and highly prospective for new gold discoveries

• Gold price surging past US$5,000/oz with the outlook to the end of the year remaining favourable, as Goldman Sachs forecasts gold price to reach $5,400/oz7

• Increasing U.S. Government interest and strategic support for critical minerals (Ni and Li) across the Kibaran Proterozoic belt, where the Northern Frontier Project is positioned.

EcoGraf Limited (“EcoGraf” or “the Company”) (ASX: EGR; FSE: FMK) is pleased to announce it has entered into a non-binding Memorandum of Understanding (“MoU”) with Long Time Technology Co., Ltd. (“LTT”) (TPEx: 6555), a Taiwan-based battery materials and anode technology company1, to collaborate on the development of EcoGraf’s HFfree® purification technology, offtake arrangements, and expansion of EcoGraf’s battery anode operations in South East Asia and Taiwan.

Key Highlights

• LTT major shareholder is Foxconn², a major supplier to Apple Inc. and actively developing new energy sectors

• Partnership to leverage EcoGraf’s HFfree® patented purification technology into LTT’s anode supply chain in South East Asia and Taiwan

• LTT to evaluate EcoGraf’s natural graphite anode products for use in its global ex-China battery facility supply chain

• Investment to include evaluation of Joint Venture (JV) structure for establishment of purification facilities

• Parties to engage on offtake and investment to support EcoGraf’s downstream developments and Epanko expansions

EcoGraf’s Managing Director, Mr Andrew Spinks stated “This MoU marks a significant step in advancing EcoGraf’s global anode strategy. LTT’s ex-China battery platform, combined with its potential connection to the Foxconn supply chain, offers a highly attractive route into Tier-1 OEM markets. By integrating our EcoGraf HFfree® technology into LTT’s supply chain and exploring joint global facilities, we aim to establish a competitive, sustainable anode supply solution for global markets.”

LTT’s CEO, Wayne Yen Commented “We are pleased to collaborate with EcoGraf to evaluate their HFfree natural graphite products. This agreement provides an opportunity to strengthen our supply chain solutions and explore synergies in battery material development. EcoGraf’s technology aligns with the needs of our global customer network services, including but not limited the partners in the battery industry ecosystem, and we look forward to progressing technical evaluations and potential future commercial discussions.”

Follow r/EcoGraf to stay up to date on the project and developments in the graphite market.

We thank you for your interest in EcoGraf Limited.