Battery Anode Material Facility Development Approvals

Evaluation of Opportunities for Battery Supply Chain Cooperation in the Kwinana-Rockingham Area

Diversified battery anode materials company EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to provide an update on regulatory permitting and approvals processes for commencement of development activities at its new EcoGraf(TM) Battery Anode Material Facility in Western Australia.

Data generated from pre-construction testworks conducted during the year has been incorporated by GR Engineering into updated plans for the site configuration and operational activity during the initial and expansion phases. A number of independent consultants, including GHD Group, SLR Consulting, Terrestrial Ecosytems and Hunt Architects, have been appointed to use the engineering data to complete planning studies to support submissions for key Government approvals for construction and operations;

- the Works Approval from the Western Australian Department of Water and Environmental Regulation; and

- the Development Approval from the City of Rockingham.

Programs conducted by the consultants include environmental planning (emissions, materials handling, noise levels, ground water management, traffic management, waste-water treatment, flora and fauna management), together with health and safety (site access, layout and fire management), building design, site infrastructure and offsite services.

These studies are expected to be completed in December and enable submission of the Works and Development Approval proposals to Government in January. The EcoGraf(TM) site is located in a well established strategic industrial area and the Government review and approval process typically takes approximately 3 months.

In conjunction with the permitting and approvals process, EcoGraf has been in discussion with the Government and several major operators in the Kwinana-Rockingham area to evaluate opportunities for the supply of clean, renewable energy to the operation, co-funding a regional product innovation centre and undertaking further downstream processing to produce value-added anode and cathode material products for the lithium battery and green steel markets.

These discussions include the future site options for expansion and downstream processing.

This announcement is authorised for release by Andrew Spinks, Managing Director.

For further information, please contact:

INVESTORS

Andrew Spinks
Managing Director
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About EcoGraf

EcoGraf is building a diversified battery anode material business to produce high purity graphite products for the lithium-ion battery and advanced manufacturing markets. Over US$30 million has been invested to date to create two highly attractive, development ready graphite businesses.

The first new state-of-the-art processing facility in Western Australia will manufacture spherical graphite products for export to Asia, Europe and North America using a superior, environmentally responsible HFfree purification technology to provide customers with sustainably produced high performance battery anode material. Subsequently, the battery graphite production base will be expanded to include additional processing facilities in Europe and North America to support the global transition to clean, renewable energy in the coming decade and the rapid growth in battery materials.

In addition, the Company's breakthrough recovery of carbon anode material from recycled batteries using its EcoGraf^TM process will enable the recycling industry to reduce battery waste and use recycled carbon anode material to improve battery lifecycle efficiency.

To complement these battery graphite operations, the Company is also advancing the natural flake graphite business, with development of the Epanko Graphite Project, which will supply additional feedstock for the battery anode material facilities and provide customers with a long term supply of high quality graphite products for industrial applications such as refractories, recarburisers and lubricants.

A video fly-through of this new facility is available online at the following link:

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