EcoGraf Limited: Chemical Processing Expert Appointed to Lead BAM Development

In this role, Jurgen will lead the development and commercialisation of EcoGraf's downstream HFfree purification technology that will supply battery anode material (BAM) to the high growth lithium-ion battery market.

Jurgen has more than 20 years' experience in the development and operation of high efficiency metallurgical processing technologies across multiple commodities in Africa and Australia, including commercialisation of the DNi Process™ nickel extraction process. He started his career with global miner Anglo American Plc where he held a variety of process engineering and management roles, progressing to become Head of Technology Development and Governance in South Africa.

He has acquired extensive expertise in the establishment of industry leading mineral processing operations and related continuous improvement programs, ranging from pilot plants to qualification processes and ultimately to implementation in commercial scale operations.

Jurgen holds a Master of Science (MSc) in Chemistry from the University of Witwatersrand, an MBA from the University of Stellenbosch and a Masters in Intellectual Property from the University of Technology, Sydney. Jurgen is also fluent in a number of languages, including German.

Managing Director, Mr Andrew Spinks stated "EcoGraf is delighted to have Jurgen join our team at an exciting time for the Company in the development of our vertically integrated battery anode materials business."

Following recent meetings with the Tanzanian Government (refer ASX Announcement Tanzania Government Visits Epanko Graphite Project 9 March 2023), further meetings are being held with anode and battery manufacturers in South Korea and Japan to promote Tanzania's emerging position as a major global supplier of superior quality graphite and to discuss the Company's on-going collaboration with key battery market participants.

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

For further information, please contact:

INVESTORS

Andrew Spinks

Managing Director

T: +61 8 6424 9002

About EcoGraf

EcoGraf is building a vertically integrated battery anode materials 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 a highly attractive graphite mining and mineral processing business.

In Tanzania, the Company is developing the TanzGraphite natural flake graphite business, commencing with the Epanko Graphite Project, to provide a long-term, scalable supply of feedstock for EcoGraf™ battery anode material processing facilities, together with high quality large flake graphite products for specialised industrial applications.

Using its environmentally superior EcoGraf HFfree™ purification technology, the Company will upgrade the flake graphite to produce 99.95%C high performance battery anode material to supply electric vehicle, battery and anode manufacturers in Asia, Europe and North America as the world transitions to clean, renewable energy.

Battery recycling is critical to improving supply chain sustainability and the Company's successful application of the EcoGraf™ purification process to recycle battery anode material provides it with a unique ability to support customers to reduce CO₂ emissions and lower battery costs.

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