Syrah Resources Investor Presentation — April 2021

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-21 April 2021Q1 2021 Quarterly Activities Report

Shaun Verner –Managing Director & CEO 222

This presentation isforinformation purposes only.Neither thispresentation northeinformation contained initconstitutes anoffer,

invitation, solicitation orrecommendation inrelation tothepurchase orsale ofshares inanyjurisdiction .This presentation may not

bedistributed inanyjurisdiction except inaccordance withthelegal requirements applicable insuch jurisdiction .Recipients should

inform themselves oftherestrictions thatapply intheir own jurisdiction .Afailure todosomay result inaviolation ofsecurities laws

insuch jurisdiction .This presentation does notconstitute financial product advice and hasbeen prepared without taking into

account therecipient's investment objectives, financial circumstances orparticular needs andtheopinions andrecommendations in

thispresentation arenotintended torepresent recommendations ofparticular investments toparticular persons .Recipients should

seek professional advice when deciding ifaninvestment isappropriate .Allsecurities transactions involve risks, which include

(among others) theriskofadverse orunanticipated market, financial orpolitical developments .

Certain statements contained inthispresentation, including information astothefuture financial oroperating performance ofSyrah

Resources Limited (Syrah Resources) and itsprojects, areforward -looking statements .Such forward -looking statements :are

necessarily based upon anumber ofestimates and assumptions that, whilst considered reasonable bySyrah Resources, are

inherently subject tosignificant technical, business, economic, competitive, political and social uncertainties and contingencies ;

involve known andunknown risks anduncertainties thatcould cause actual events orresults todiffer materially from estimated or

anticipated events orresults reflected insuch forward -looking statements ;and may include, among other things, Statements

regarding targets, estimates and assumptions inrespect ofmetal production and prices, operating costs and results, capital

expenditures, orereserves and mineral resources and anticipated grades and recovery rates, and areormay bebased on

assumptions andestimates related tofuture technical, economic, market, political, social andother conditions .Syrah Resources

disclaims anyintent orobligation toupdate publicly anyforward looking statements, whether asaresult ofnew information, future

events orresults orotherwise .The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”,

“continue”, “budget”, “estimate”, “may”, “will”, “schedule” and other similar expressions identify forward -looking statements .All