TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...

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TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
TIRUPATI GRAPHITE PLC

                         Specialist graphite &
                         graphene company,
                        developing sustainable
                         new age materials &
                            technologies

                         Listed on the Main
                        Market of the London
                           Stock Exchange
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
DISCLAIMER

    The information contained in this document (the “Presentation”) has been prepared by Tirupati Graphite plc (the “Company”) solely for informational purposes. It has not been fully
    verified and is subject to material updating, completion, revision, verification and further amendment without notice.
    While the information contained herein has been prepared in good faith, neither the Company nor any of its directors, officers, agents, employees or advisers give, have given or have
    authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any
    revision thereof and liability therefore is expressly disclaimed.
    Information contained herein does not purport to be complete and is subject to certain qualifications and assumptions and should not be relied upon for the purposes of making an
    investment in the Company’s securities or entering into any transaction. The information and opinions contained in this Presentation are provided as at the date of this Presentation
    and are subject to change without notice and, in furnishing the Presentation, the Company does not undertake or agree to any obligation to update or correct this Presentation.
    This Presentation has not been approved by an authorised person in accordance with Section 21 of the Financial Services and Markets Act 2000, as amended (“FSMA”). This
    Presentation does not constitute, or form part of, an offer or invitation to issue, sell or acquire, or the solicitation of an offer to subscribe or purchase, any securities in the Company.
    The Company’s securities mentioned herein have not been and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or under any U.S. State
    securities laws, and may not be offered or sold in the United States of America or its territories or possessions (the “United States”) unless they are registered under the Securities
    Act or pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. Neither this Presentation nor any copy of it may be taken
    or transmitted into the United States, or distributed, directly or indirectly, in the United States, or to any "US person" as defined in Regulation S under the Securities Act of 1933,
    including US resident corporations or other entities organised under the laws of the United States or any state thereof or non-U.S. branches or agencies of such corporations or
    entities. This Presentation is not being made available to persons in Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction in which it may be unlawful to do
    so and it should not be delivered or distributed, directly or indirectly, into or within any such jurisdictions. Any failure to comply with these restrictions may constitute a violation of the
    laws of the relevant jurisdiction.
    Certain of the information contained in this Presentation has been obtained from published sources prepared by other parties. Certain other information has been extracted from
    unpublished sources prepared by other parties which have been made available to the Company. The Company has not carried out an independent investigation to verify the accuracy
    and completeness of such third party information.
    This Presentation may contain certain "forward looking statements". Forward looking statements often use words such as "believe", "expect", "estimate", "intend", "anticipate" and
    words of a similar meaning. There are important factors, risks and uncertainties that could cause actual outcomes and results to be materially different. Except as required by law, the
    Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. No statement in
    this Presentation is intended as a profit forecast or profit estimate (unless otherwise stated).

CORPORATE PRESENTATION - Q2 2021                                                                                                                                                                       2
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
SNAPSHOT
         “We place special emphasis on applications in green energy, energy storage, composites, graphene etc., securing the
                    world’s needs of this critical material and maximising value for all connected.” Shishir Poddar, CEO

    Tirupati is a multi-asset, multi-jurisdictional, fully integrated                              Green Processes, Green Products, Green Applications
    producer of high-grade natural flake graphite, speciality                                      Extensive role of graphite in the green economy & energy transition

    graphite and graphene, capturing the entire value chain with
                                                                                                   Revenue Generating Producer & Developer
    the vision to be a world leader in this space.                                                 Multiple revenue streams, well funded & strong institutional support
    Three complementary divisions, offering a complete solution:

    1.   Primary mining & processing in Madagascar - produces high-quality flake graphite          Defined Development
         concentrate with up to 96% purity, shipping globally.                                     Fast-tracking modular development plans

    2.   Tirupati Speciality Graphite Private Limited in India - processes & produces speciality
         graphite like expandable & spherical graphite for use in hi-tech applications.            Future Growth Through Expertise
                                                                                                   Proven corporate, technical, & professional expertise
    3.   Tirupati Graphene and Mintech Research Centre - state-of-the-art R&D centre focussed
         on manufacturing graphene, developing its applications, & providing environmentally
         friendly technologies consultancy for mineral processing.                                 Global Networks & Distribution Channels
                                                                                                   Strong partnerships with international companies & organisations
CORPORATE PRESENTATION – Q3 2021                                                                                                                                          3
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
GRAPHITE DEMAND SOARING

                                       Graphite Demand for EVs                                                                              Expandable Graphite – Multiple Drivers
  UBS increases battery minerals consumption estimates by 70%,                                                     • UK announces £5bln package for improving fire safety in buildings
  resulting in 5.9 million tons natural graphite demand by 2030; this was                                          • Indian Railways adopted EN-45545 standards for its train coaches
  in sync with its 50% increased EV penetration estimate by 2030                                                   • Demand rising in industries like construction, foils, thermal management
       ~500% in graphite supply required for energy storage alone
                                                World Bank Group                                                                     Ex-China Sources Essential for Critical & EV Materials

                                                                                                                   “Establishing a supply chain outside of China is a huge detail.” Asia Nikkei
                                                                                                                   •     Classified as a critical resource by the US & EU
                                                                                                                   •     New sources outside of China a necessity, especially speciality graphite products
                                                                                                                   •     Consumers across the globe keen on diversifying to sources outside China

                                                                                                 Source: Roskill

                32% CAGR                                                  7% CAGR                                                       Increased Focus on Green Supply Chain for EVs
       Global battery market growth   2017-22            Global expandable graphite market growth 2017-22
                                                                                                                   • “Sustainability is of increasing importance to both consumers and producers, especially
                                                                                                                     considering the ‘green credentials’ that NEV and energy storage batteries are sold on.”
                          Lithium-Ion Battery Energy Adoption                                                          Roskill
                                                                                                                   • Automobile companies like Ford, Mercedes-Benz join the Initiative for Responsible Mining
  Multiple automobile manufacturers have accelerated EV plans:
  •   Volkswagen Group: adopts ’ACCELERATE’ strategy                                                                 Assurance (IRMA)
  •   Jaguar: all electric by 2025
                                                                                                                                             Supply Demand Gap & Price Pressure
  •   Mercedes-Benz: ‘Electric-First’ & carbon-neutral by 2039
  EU, Germany, France, USA, India, UK & other countries have packages, subsidies                                   • Flake Graphite prices have increased by >12% since Sept 2020
  and/or targets for EV adoption                                                                                   • Supply gap seen as companies come back to capacities post lockdowns

CORPORATE PRESENTATION – Q3 2021                                                                                                                                                                                4
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
FLAKE GRAPHITE
    A critical component

     • Component in various green technologies

     • Largest constituent of lithium-ion batteries

     • Helps reduce emission, increase energy efficiency & reduce
       fire hazard

     • Declared as a “Critical Resource” by EU & USA

     • 150+ applications & growing

     • Growth estimated to be 5-6 times from current 1.2 million
       tons in the current decade

     • Niche area with limited expertise

CORPORATE PRESENTATION – Q3 2021                                    5
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
GRAPHENE
    On commercialisations doorstep

                                                            Driving revolution in advanced materials

  1.           PROPERTIES                               2.            MATERIALS                                 3.         IMPLICATIONS

  • Graphene is a single or few atom layers of flake    •    Polymer Graphene Composites                    •   Reduced carbon emissions
    graphite                                            •    Metal Graphene Composites                      •   Reduced energy consumption
  • Termed as a Wonder Material:                        •    Paints & Coatings                              •   Improved life of materials
        • Highly conductive of heat and electricity     •    Ceramic Graphene Composites                    •   Reduced material consumption
        • Excellent mechanical properties               •    Sensors                                        •   Improved next-gen materials
        • 2D material                                   •    Supercapacitors & Batteries                    •   New functionalities, performance improvements
                                                        •    Semiconductors                                 •   Addresses various challenges across industries
                                                        •    Biomaterials                                       & applications

    4.         4.APPLICATION
                       APPLICATION INDUSTRIES
                              INDUSTRIES

  • Aluminium, Steel, Copper                                                        • Marine        • Oil & Gas
                                                  • Medicine                                                            • Oil & Gas

  • Aerospace & Space                                                               • Sports        • Thermal Management
                                                  • Automobile                                                      • Thermal Management

  • Renewable Energy                                                                • Electronics   • Environment
                                                  • Construction                                                        • Environment Management

  • Defence                                                                         • Packaging       Management
                                                  • Textiles

CORPORATE PRESENTATION – Q3 2021                                                                                                                                 6
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
BUSINESS DEVELOPMENT
    Step by step & comprehensive

                      PRIMARY MINING
                       & PROCESSING
                                                                            HI-TECH GRAPHITE                                 GRAPHENE
                                                                               PROCESSING
                         MADAGASCAR                                                 INDIA                                        INDIA

         Used directly in conventional industrial                  High purity, expandable, micronised and    A “wonder material”: improves mechanical and
                       applications                                         spheroidised graphite                   conductivity properties multi-fold

             Vatomina & Sahamamy Project                              Tirupati Specialty Graphite                 Tirupati Graphene & Mintech
                                                                                                                        Research Centre
     90000                                                                         Present:
                                                       84000
                                                                       1200 tpa Expandable Graphite -
     80000
                                                                                CarboFlameX
     70000                                     66000
                                                                                                                              10kg/day
                                                                                                                              graphene
     60000
                                                                          Specialty Graphite Project                        manufacturing
     50000                             48000
                                                                          Stage 1: 15ktpa downstream
     40000                                                                           products
                                                                                    (Q2 2022)
                               30000
     30000
     20000                                                                Specialty Graphite Project:               MINMET                 GRACE
                       12000                                      Stage 2: Additional 15ktpa downstream
     10000
               3000                                               products, bringing capacity to 31.2kta
         0                                                                          (Q3 2023)
              Q1 2019 Present Q1 2022 Q4 2022 Q3 2023 Q3 2024

                84ktpa flake graphite by 2024                   30ktpa+ specialty graphite products by 2024         10kg/day graphene by 2024
CORPORATE PRESENTATION – Q3 2021                                                                                                                             7
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
PRIMARY MINING IN MADAGASCAR
    Tw o s t r a t e g i c p r o j e c t s a e r i a l l y 8 k m a p a r t

    Sahamamy Project 8km2 mining permit                                                    Resource Quality
                                                                                           § High quality, large flake, free dig mining saprolite deposit
                                                                                           § Madagascar recognised as a world lead quality resource
    Vatomina Project 25km2 mining permit                                                   § Producing for over 100 years

                                                                                           Permits & Clearances
                                                                                           § 40 year renewable Mining Permit covers 33 km2
                                                                                           § Environment clearance granted
                                                                                           § Favourable mining law

                                           Tamatave - Main Port of Madagascar              Vatomina JORC 2012 Resource c. 30% area explored
                                      Permit Areas, 70-80 km from Tamatave                 § Indicated              - 03.2 million tons @ 4.3% GC
                                                                                           § Inferred               - 15.2 million tons @ 4.7% GC
                                                                                           § Exploration target       - 8 to 10 million tons @ 3-4% GC
                                     NH-2 Antananarivo to Tamatave

                                                                                           Sahamamy JORC 2012 Resource c. 25% area explored
                                                                                           § Indicated               - 1.4 million tons @ 4.1% GC
                                                                                           § Inferred                - 5.7 million tons @ 4.2% GC
                                                                                           § Exploration target      - 5 to 7 million tons @ 3-4% GC

                                                                                     Stage 2 of exploration commissioned at both projects

                                                                                           Logistics
                                                                                           § 70 km from Toamasina deep sea port, connected by NH2, warehouse at port. Direct road connecting the
                                       VATOMINA PROJECT                                      2 projects recently completed

                                   SAHAMAMY PROJECT
                                                                                           Team
       Madagascar is historically known for its quality of flake graphite deposits         § Expert geology mining and processing management team in-country
                                                                                           § Local component of total employment over 95%

CORPORATE PRESENTATION – Q3 2021                                                                                                                                                                   8
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
PROJECT STATUS

  SAHAMAMY PROJECT brownfield acquired                                     V AT O M I N A P R O J E C T g r e e n f i e l d

  •       Planned capacity - 21 ktpa in 2 modules                          •   Planned capacity - 63 ktpa in 4 modules

  •       3 ktpa plant 1 - in production with product shipped globally     •   9 ktpa plant 1 – mine open & on track to start commissioning Q2 2021

  •       18 ktpa plant in planning                                        •   Extensive internal infrastructure

  •       Extensive mines & internal infrastructure developed              •   Well equipped engineering centre supporting both projects

  •       Construction sand as by-product - achieved                       •   Stage 2 land surface rights initiated

      E S TA B L I S H E D I N - C O U N T R Y FA C I L I T I E S

      •     Road connecting the two projects completed
      •     4,000 sq. ft. warehouse at Tamatave Port
      •     Internal roads at both projects
      •     Admin Office at Antananarivo
      •     Support Office at Port city
      •     Engineering centres, stores, base camps & residential &
            admin quarters at both projects                              Mining Operations at Sahamamy & Vatomina & Vatomina Mining Team

CORPORATE PRESENTATION – Q3 2021                                                                                                                      9
TIRUPATI GRAPHITE PLC - Specialist graphite & graphene company, developing sustainable new age materials & technologies Listed on the Main Market ...
ACQUISITION ADDS 12X RESOURCE
                                         Group Total JORC (2012) Mineral Resources
                                                                                       TG will acquire 100% of Mozambique assets, IP and shareholder loans from
       Project             Deposit        Tonnes          TGC         Cont. Graphite   Battery Minerals (“BAT”)
                                             Mt            %                kt
                           Elephant         76.9          7.3             5,620
                                                                                       Total aggregate consideration of AU$12.5 million in cash and shares
     Montepuez
                            Buffalo         42.6          9.5             4,050
                            Lenox           21.9          10.2            2,230
   Balama Central                                                                      Two world-class graphite deposits in established graphite producing region
                             Byron          11.0          10.2            1,120
                 Total                     152.5          8.5            13,030        Adding mineral Resources of 152MT @ 8.5% TGC, Reserves of 62MT @ 10.1% TGC
                         Group JORC (2012) Probable Ore Reserves

           Project                    Tonnes            TGC         Cont. Graphite     Complements TG’s graphite product basket with mix of 60-70% small flakes
                                        Mt               %                Mt
                                                                                       Complementing Tirupati's existing mix of jumbo and large flake from Madagascar
        Montepuez                      19.66           11.06             2.17
       Balama Central                  42.19            9.27             3.91
           Total                       61.90           10.10             6.08          Lays the foundation for TG to capitalise on the visible market opportunities
                                                                                       E-mobility and energy storage, fire safety, thermal management, advanced materials
                                                                                       and composites

                                                                                       BAT to become 2nd largest shareholder in TG
                                                                                       Shares locked in for up to 20 months post completion, experienced executive team

                                                                                       Establishes working relationship between TG & BAT
                                                                                       Expands global networks, distribution channels and opens an investor base in Australia

CORPORATE PRESENTATION – Q3 2021                                                                                               *Acquisition is subject to BAT Shareholders’ approval and Mozambique in-country approvals
SPECIALITY GRAPHITE, INDIA
                                                                                Multiple Products:
  >90% OF SPECIALTY GRAPHITE                                                    ü   High purity flake                           Specialty Graphite Project
     PRODUCED IN CHINA                                                          ü   Expandable                     ü   Detailed Feasibility Study completed
    These are essential in high growth                                          ü   Micronised                     ü   Process & technology development & trials completed
 applications like LiBs, flame retardants etc                                                                      ü   Test samples approved by large consumers
                                                                                ü   Spherical

                                                                                                                                          TECHNOLOGIES

                                                                                                                   Eco-friendly, cost efficient unique technologies developed for
                                                                                                                   purification, expandable graphite production and adopted for
                       400t graphite is                                                                            Spherodisation
                      used to produce a
                        1GWh Battery
                                                                                                                                       STRATEGIC LOCATIONS

                                                                                                                   •   Well developed infrastructure
                                                                                                                   •   Close proximity to input materials
                                   Patalganga Project                                                              •   Skilled and technically qualified workforce
                                                                                              TEAM
                                  40km from Nhava Sheva Port                                                       •   Low cost structures
                                                                                                                   •   Supportive backdrop – India has various policies
                ü   CARBOFLAMEX® (flame retardant product) launched &           •   Leadership team with decades
                                                                                                                       promoting manufacturing and business, including the
                    trademarked                                                     of experience in specialty
                                                                                                                       ‘Make in India’ Policy
                ü   First commercial sales in July 2019                             graphite
                                                                                                                   •   Large domestic demand for products & export benefits
                ü   Product development capabilities proven with GrafEN 45545
                ü   EU REACH Certification obtained February 2021

CORPORATE PRESENTATION - Q3 2021                                                                                                                   *Acquisition is subject to regulatory approvals   11
GRAPHENE & TECHNOLOGY CENTRE
    TGMRC

                                                                      PRINCIPLES
                                   Developing materials
     Technological backbone                                                                                                       “Lab to Land”
                                    & technologies for                Converting                  Utilising low-grade ores
       of Tirupati, providing                                                                                                for green technologies,
                                     reducing carbon               “waste to wealth”                   cost efficiently
      facilities to customers                                                                                                 materials & processes
                                        emissions

                                                 AREAS OF FOCUS – MINERALS & MATERIALS

                                                              Industry                        Graphene           Mineral
                                           Graphene                                          Manufacturing     Processing
                                                          focused world
                                               &                                                  &            Technology
                                                          class R&D and
                                            Graphite                                          Application     Development
                                                            technology                       Development
                                                               centre
                                                                                                          Skill
                                                                                                     Development,
                                                                    Extractive        Green &          Industrial
                                                                    Metallurgy        Advance          Training &
                                                                    & Mineral         Materials      Human Capital
                                                                    Processing
                                                                                                        Growth

                                                             Process         Polymer-           Metal -
                                                          Development,       Graphene          Graphene
                                                          Engineering &    Composites &      Composites &
                                                             Design         Applications      Applications
                                                                           Development       Development
CORPORATE PRESENTATION - Q3 2021                                                                                                   *Acquisition is subject to regulatory approvals   12
TGMRC
    Self-sufficient R&D & tech centre

    GRACE                                                            MINTECH
    A graphite & graphene centre of excellence                       A mineral processing & extractive metallurgy centre of excellence

    Current Status & Development Plan                                Facilities & Services
    • Detailed feasibility study completed                           • Mineral technology process development & feasibility studies
    • Process stabilised at 1 kg/day scale                           • Analytical & characterisation facilities
    • 10kg/day production initial phase capacity                     • Engineering, design, commissioning & optimisation
                                                                     • Lab and pilot scale testing facilities
    Unique Process – Addressing Challenges to Commercialisation      • Industrial training & skill development
    • 2 – 4 layers GO & rGO
    • Zero-chemical, environment friendly process                    Current Ongoing Projects
    • Low cost, commercially feasible                                • Development of beneficiation process for a complex titanium-magnetite deposit
    • High BET surface area: 1100 – 1200 m2/g                        • Ongoing activities for TG primary and speciality graphite projects
    • Scalable process                                               • Development of processes for palletisation of low and lean grade iron ores
    • Compatibility with multiple materials

    Application Development, Catalysing Commercialisation
    • Industry focused application development
    • Collaborations with research institutions & industries
    • Success achieved in multiple applications
    • A hub for new age green materials development using graphite
        & graphene

CORPORATE PRESENTATION – Q3 2021                                                                                                         *Acquisition is subject to regulatory approvals   13
GRAPHENE ALUMINIUM Composite
      Ground-breaking composite developed, optimisation ongoing

  Aluminium, currently the leading young non-ferrous metal, has wide application                Various weight % additions of graphene were used to
  based on its properties i.e., low density, good conductivity, excellent corrosion             make the composite with best results showing:
  resistance, suitability for surface treatments, good formality, high recyclability,
  large availability & lower cost compared to other metals such as copper.                                                                                      Al-Gr
                                                                                                PROPERTIES             Cu                 Al
                                                                                                                                                            Composite
                                                                                                Thermal
                                                                                                                                                               >100% of
            Target addition of graphene to aluminium to make a composite to:                    Conductivity           402            205
                                                                                                                                                                 Copper
                                                                                                (W/mK)
                                                                                                Electrical
                                                                                                                                                                  >90% of
                                                                                                Conductivity          59.6           36.9
         Increase       Increase      Improve                                Malleability,                                                                         Copper
         Thermal
       Conductivity
                       Electrical
                      Conductivity
                                     Mechanical
                                     Properties
                                                    +         Light Weight
                                                                Material
                                                                              Ductility,
                                                                             Castability
                                                                                                (106 S/m)
                                                                                                                                                            ∼100% of
                                                                                                Density (g/cm3)       8.96              2.7
                                                                                                                                                           Aluminium
                                                                                                Micro-Hardness                                               ∼ 150% of
          Adding Properties from Graphene                 Retaining Properties from Aluminium                     100 ± 10       45 ± 5
                                                                                                (VHN)                                                           Copper

                                                                                                Scalability            Yes              Yes                                      Yes
                                     Impacts of Composite Al-Gr
                                                                                                                                                            Negligible
  §   Reduced Material & Energy Consumption as well as Carbon Emissions
                                                                                                Chemical                                                   Aluminium
  §   Improved material for multiple applications & industries                                                         Cu                 Al
                                                                                                Composition                                                 Carbide &
  §   A parallel replacement of copper
                                                                                                                                                            Oxidation
CORPORATE PRESENTATION – Q3 2021                                                                                               *Acquisition is subject to regulatory approvals     14
GRAPHENE ALUMINIUM COMPOSITE
    Next Steps

                  STEP 1: Completed
                  § Successful product development
                  § Approach leading consumers in target                             Application Target 1
                     application                                                      Wires & Cables in:

         STEP 2: Ongoing
         § Manufacture few kgs of Al-Gr Composite
         § Further application specific tests
                                                           Wide Range of Applications:

                                                                              and many more…
  STEP 3:
  § Commercial product
    launch
  § Start of supplies

CORPORATE PRESENTATION – Q3 2021                                                            *Acquisition is subject to regulatory approvals   15
GREEN TECHNOLOGIES
    Sustainable mining & processing
                    Developed & adopted environmentally friendly methods for mining, processing, infrastructural developments,
                                              downstream processing & graphene manufacturing
                                  MADAGASCAR                                                                                                     INDIA
                     Free-dig                                                                                                      PURIFICATION TECHNOLOGY
                    mining with       Reduces mining equipment requirements
                   zero-blasting               & fuel consumption                                   Existing Tech                                      Tirupati’s Technology
                   requirement                                                                   (Hydrofluoric Acid or Pyrometallurgy)

                                                                                   •   Highly hazardous                                      ü   Eco friendly
    Energy
                       Lean                 Reduces energy requirements            •   Big environmental impact                              ü   Purify up to 99.95% TGC
   Efficiency       Processing                                                     •   Detrimental to Human Life
                                                   considerably                                                                              ü   Zero HF Required, non-energy intensive
                                                                                   •   Highly energy intensive                               ü   All inputs achieved as product/by-product or
                                                                                   •   Expensive                                                 recycled in process.
                                       Established plantations & participated in   •   Large carbon footprint                                ü   Cost-Efficient Process
                    Plantations          Madagascan Government plantation
                                                      initiatives                                                              SPHERODISATION TECHNOLOGY

                                       Developed a tailings dam to recondition
                                                                                               Chinese Equipment                                       Tirupati’s Technology
                   Water Reuse
                                          the water & make it re-useable
                                                                                   § Multi-step process (>10)                                ü   3-step process, using German technology
                                                                                   § Low yields, c. 35%                                      ü   High yields achieved, up to 68%
    Waste                                                                          § Meets specifications                                    ü   All customer specifications met
                                          Initiated hydropower generation
  Reduction &       Renewable
                                         development to meet all electricity
    Reuse             Energy                                                                                           GRAPHENE TECHNOLOGY (GO & rGO)
                                                    requirements

                                         Processing waste reduced by 50% by            Hummer’s or Similar Process (ROW)                               Tirupati’s Technology
                  Low Processing
                                      extracting sand as a by-product -reused as
                      Waste                                                        § Stringent chemical treatment
                                                a construction material                                                                      ü   Zero-chemical process
                                                                                   § Low compatibility                                       ü   High quality & compatibility
CORPORATE PRESENTATION – Q3 2021                                                                                                                                                                16
RENEWABLE PUSH
    Green approach for green materials

                      Strategy to use green technologies to meet 100% of the power requirements for the Madagascan projects

    Sahamamy          • Initial 100Kw hydropower facility to complete end                          E S T I M AT E D
                        2021                                                                        BENEFITS
                      • Planning additional hydropower capacity following

                                                                            Ongoing saving of   c.10% in the operating cost per tonne of
                        earlier conducted prefeasibility studies

                                                                            output
     Vatomina
                      • PFS Prospects Feasibility underway for additional
                        hydropower capabilities                             Circa 50% reduction in carbon emissions

               “Zero carbon at use is just part of the story; there is a need to look holistically at the processes
                                                       along the whole supply chain.” Shishir Poddar

CORPORATE PRESENTATION – Q3 2021                                                                                                           17
ENGAGING WITH COMMUNITIES
    ‘Shakuntalam’ or Motherhood

                       Employment
                             &
                      Infrastructure

                                       Health,
                                       hygiene
                                          &
                                        safety

                                                 Education
                                                     &
                                                   Sports

                                                               Vocational
                                                             training & skill
                                                              development

CORPORATE PRESENTATION – Q3 2021                                                18
KEY STRENGTHS
    Multi asset/jurisdiction, long chain of value creation & success demonstrated

           Substantially                          Booming                       Proven Team &                     Quality Assets &
            De-Risked                              Sector                        Technologies                       Resources
         Producing & revenue             Multiple high growth consuming        Strong management with               Large flake, saprolite
             generating                              markets                  significant sector expertise                deposits

            Defined                                Low                         Integrated in the                  Environmental &
          Development                          CAPEX & OPEX                       Value Chain                       Social Uplift
      Phased growth plans, organic       Established - Low investment high   Natural & specialty graphite &   Spearheading green technologies,
             development                          earning potential
                                                                 19               graphene company               materials & improving lives

                          Expediting growth in response to emerging market dynamics across EV & fire protection sectors

CORPORATE PRESENTATION – Q3 2021                                                                                                                 19
APPENDIX
BOARD
    A balanced team with many years of sector & financial expertise

              Shishir Poddar, Executive Chair & Managing Director:
              Shishir brings considerable industry experience having spent over 29 years developing projects and working in the graphite industry, from operations to supply. He is a member of the
              National Board for MSME as a Special Invitee, Government of India and has made wide contributions in the sphere of industrial policy and development, delivering keynote addresses in
              various forums including the Parliamentary Committee for Industries, India. Alongside this, he has significant expertise within financial analysis and project construction.

              Lincoln Moore, Non-Executive Director:
              For the past 12 years Mr. Moore has been actively involved in establishing and raising finance for African based agriculture and mining projects and currently serves as an executive director
              of AIM listed Dekel Agri-Vision, with primary responsibilities in corporate finance. He has led a number of debt and equity transactions with London, African and international government
              backed financial institutions. In addition, he currently serves as a non executive director of Firering Holdings Ltd and Pearlside Holdings Ltd. Mr Moore is a Chartered Accountant and former
              senior manager in the restructuring division of Deloitte London.

              Rajesh Kedia, Non-Executive Director:
              Based in London, Rajesh has over 17 years of experience working in investment banking and investment management with extensive experience in mergers & acquisitions and capital
              raising. He previously worked for Morgan Stanley and RBS where he advised many companies on their growth plans and raising capital on the London Stock Exchange. For the past 7 years,
              he has been working with the UK Government Investments Ltd as an Assistant Director.

              Hemant Poddar, Non-Executive Director:
              Hemant has over 30 years of experience in the flake graphite industry. He has contributed extensively to the development of the industry, with continued involvement in trade
              bodies and representation in various forums

              Christian Dennis, Non-Executive Director:
              Based in London, Christian has over 20 years’ experience in the London financial and capital markets. With a focus on investment banking and broking, he is widely connected to a varied set
              of investor base in London, Europe, Australia and beyond.

CORPORATE PRESENTATION – Q3 2021                                                                                                                                                                               21
MANAGEMENT TEAM
    Decades of sector & financial experience

              Dr S K Biswal, Chief of Technology & Research
              A pre-eminent scientist & technocrat specialising in graphite, graphene and mineral processing technologies, Dr SK Biswal is the winner of various awards including the CISR Technology Award (2017),
              presented by his excellency the President of India. Dr Biswal has 12 national & international patents in his individual capacity, has led & completed 165 mineral processing technology projects for companies
              like JSW Steel, Arcelor Mittal Nippon Steel, Tata Steel BSL, Tirupati Graphite and many more, has had 80 papers published in SCI journals and developed commercialised technologies for low and lean grade
              complex phase mineral ores. He has worked extensively on development of graphene manufacturing technology & its application in metal & polymer composites, aluminium smelting & coatings. Dr Biswal
              voluntarily retired as the Chief Scientist after 32 years of service at the Indian Institute of Minerals and Materials Technology, a premier research institute by the Govt of India under the Council of Scientific
              and Industrial Research post which he joined the Company in March 2021.

              Vijay Bhagat, Chief of Specialty Graphite BU
              Mr. Bhagat has 38 years of techno-commercial experience and expertise in processing flake graphite into specialty products like expandable graphite for hi-tech applications like environment friendly flame
              retardants for aircraft cushions, foams, rubber plastics, gaskets and sheets etc. He is very well connected in the specialty graphite markets and is highly recognised in the industry for his achievements and
              published research papers presented in multiple international conferences. With years of experience in leading operations in this sector, Mr. Bhagat proves to be a dynamic leader with grip on multiple
              arenas of the business

              Uday P Singh, Chief of Primary Graphite BU
              Mr. Singh has over 35 years of diversified experience in the resource industry and project management in India, Africa, Indonesia, Bhutan etc. Well versed with mining codes/regulations of various and is a
              well learned and experienced geologist. Having worked with Geological Survey of India for about 30 years at multiple executive levels, he has exceptional geological interpretation skills and a huge record of
              achievements.

              Puruvi Poddar, Chief - Corporate & Business Development
              Puruvi graduated from the University of Manchester with a BSc in Material Science and Engineering. She has experience and understanding of the graphite industry with exposure to the sector for years. She
              also has deep understanding of the specialty graphite products and graphene, – their production processes, applications and markets. She has done feasibility studies on graphite projects and participated in
              multiple graphite and graphene conferences. She contributes to multiple activities like investor relations, market development and sales, management of production activities, business development ,
              strategic planning and corporate development.

              Kien Huynh, Chief Financial Officer
              Kien is a mining industry professional with over 20 years’ experience in global capital markets and mining finance. He has held various senior executive management positions and independent consulting
              roles for ASX and AIM listed mining companies as well as unlisted companies where he has been responsible for aspects of corporate financing, capital structuring, strategy, business development,
              commercial and investor relations.

CORPORATE PRESENTATION – Q3 2021                                                                                                                                                                                                     22
CONTACT
For Enquiries
admin@tirupatigraphite.co.uk
020 3984 9894

Investor Relations
St Brides Partners
info:@stbridespartners.co.uk

Financial Advisors:
Optiva Securities Limited
020 3137 1904

     @TirupatiUK

     www.tirupatigraphite.co.uk
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