Syrah Resources Investor Presentation — April 2022

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-27 April 2022Q1 2022 Quarterly Activities Report

Shaun Verner –Managing Director & CEO 22

Important Notice and Disclaimer

2This 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 has been 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) and itsprojects, areforward -looking statements .Such forward -looking statements :arenecessarily

based upon anumber ofestimates and assumptions that, whilst considered reasonable bySyrah, areinherently subject to

significant technical, business, economic, competitive, political and social uncertainties and contingencies ;involve known and

unknown risks anduncertainties thatcould cause actual events orresults todiffer materially from estimated oranticipated events or

results reflected insuch forward -looking statements ;andmay include, among other things, Statements regarding targets, estimates

and assumptions inrespect ofmetal production and prices, operating costs andresults, capital expenditures, orereserves and

mineral resources andanticipated grades andrecovery rates, andareormay bebased onassumptions andestimates related to

future technical, economic, market, political, social andother conditions .Syrah disclaims anyintent orobligation toupdate publicly

anyforward looking statements, whether asaresult ofnew information, future events orresults orotherwise .Thewords “believe”,

“expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”