Syrah Resources Investor Presentation — January 2019

Document content

Q4 2018 Quarterly Activities Report & Market Update

0Shaun Verner –Managing Director & CEO

30 January 20191Important notice and disclaimer

This presentation isforinformation purposes only.Neither thispresentation northeinformation contained initconstitutes anoffer, invitation, solicitation orrecommendation in

relation tothepurchase orsale ofshares inanyjurisdiction .This presentation may notbedistributed inanyjurisdiction except inaccordance with thelegal 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 andhasbeen prepared without taking intoaccount therecipient's investment objectives,

financial circumstances orparticular needs andtheopinions andrecommendations inthispresentation 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) andits

projects, areforward -looking statements .Such forward -looking statements :arenecessarily based upon anumber ofestimates andassumptions that, whilst considered reasonable

bySyrah Resources, areinherently subject tosignificant 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 orresults reflected insuch forward -looking

statements ;andmay include, among other things, Statements regarding targets, estimates andassumptions inrespect ofmetal production andprices, operating costs andresults,

capital expenditures, orereserves andmineral resources andanticipated grades andrecovery rates, andareormay bebased onassumptions 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 .Allforward -looking statements made inthispresentation are