Earnings release
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EcoGraf ENGINEERING CLEAN ENERGY 29 OCTOBER 2021 ASX ANNOUNCEMENT ASX : EGR QUARTERLY ACTIVITIES REPORT ECOGRAF ™ M BATTERY ANODE MATERIAL OUTPERFORMS BENCHMARKS IN PRODUCT QUALIFICATION BATTERY TESTING EcoGraf Limited ( " EcoGraf ” or “ the Company " ) ( ASX : EGR ) is pleased to release its activities and cash flow reports for the three months ended 30 September 2021 . HIGHLIGHTS • EcoGraf ™ Battery Anode Material Business • + Results of GR Engineering pre - construction testworks incorporated in studies to prepare submissions for Government Development and Works Approvals + Successful completion of product qualification program with EcoGraf ™ HF free battery anode material satisfying key physical and chemical specifications criteria and outperforming reference material from existing producers during half - cell electrochemical testing + Major product development program commenced , initially focussing on premium battery anode material , sustainably produced recarburizers , cathode enhancer material and anode coatings + Letter of support received from Export Finance Australia for expansion loan facility of up to US $ 35m + MoU executed with FYI Resources to develop High Purity Alumina doped coatings to enhance anode material performance + Zero waste operating strategy focussed on recycling process water , clean energy , eliminating emissions and value - adding bi - products + Land reservation agreement signed for an industrial site at Skellefteå in Sweden as a potential location for a future European EcoGraf ™ Battery Anode Material Facility EcoGraf ™ Lithium - ion Battery Recycling Business + GR Engineering delivers Engineering Scoping Study for A $ 5.8m modular recycling pilot plant EcoGraf ™ Natural Flake Graphite Business + Financial advisors appointed to manage due diligence processes with Tanzanian Government and private sector financial institutions in relation to the Epanko debt financing structure developed in conjunction with KfW IPEX - Bank + Sponsorship and participation in Government trade expo Ulanga Iherapa ( “ Amazing Ulanga ” ) to promote investment in the Ulanga region of Tanzania Corporate + Cash at bank at end of quarter of $ 51.4 million EcoGraf Limited 18 Richardson Street West Perth WA 6005 ABN : 15 117 330 757 E : info@ecograf.com.au www.ecograf.com.au Managing Director Andrew Spinks T : +61 8 6424 9002