Elevra Lithium (SYA) investor relations material

Executive summary

• Achieved record monthly production and strong operational performance at NAL, with improved plant recoveries, mill utilization at 92%, and enhanced safety culture with no lost time injuries.

• Completed a transformational financing package, fully funding NAL brownfield expansion and advancing Moblan toward final investment decision.

• Finalised legacy offtake contract, positioning future sales to better reflect spot spodumene prices and improve realized pricing.

• Divested interest in the Ewoyaa Project to streamline the portfolio and focus on North American assets.

Financial highlights

• Generated $31 million in revenue for the June quarter, with an average realized selling price of $921/tonne, both down significantly quarter-on-quarter due to legacy contract pricing and lower sales volumes.

• Produced 54,479 tonnes of spodumene concentrate, a 15% increase over the March quarter, with a new monthly record in May.

• Sales volumes were 33,977 tonnes for the quarter and 181,000 tonnes for the year, aligning with guidance.

• Ended the quarter with $255 million in cash, including $202 million from equity issuance and net cash at $200 million.

• Unit operating costs increased 3% quarter-on-quarter to $907/tonne, with full-year unit cost of $853/tonne below revised guidance.

Outlook and guidance

• Expect realized pricing to better reflect market prices going forward, with legacy contract obligations now satisfied.

• Anticipate increased shipment cadence, targeting two shipments per quarter and 50,000–60,000 tonnes per quarter.

• NAL brownfield expansion expected to deliver 15–20% production growth from a base of 190,000 tonnes, reaching 220,000–230,000 tonnes.

• Moblan scoping study to be delivered this half, aiming to optimize production capacity and capital investment.

• Guidance for FY27 will be provided with FY26 Full Year Results in late August.