• Epanko Graphite Mine expansion potential confirmed to 390,000 tpa
• EcoGraf HFfree® Purification Facilities planned in Europe, North America and Asia
• Positive progress on Epanko Graphite Project debt financing and development

EcoGraf Limited has reported its quarterly activities and cash flow for the period ended 31 December 2025. Key highlights include the completion of the Independent Engineers' Report, a major milestone for securing KfW IPEX-Bank financing for the Epanko Graphite Project development. An updated Bankable Feasibility Study for Epanko is also being finalised, with delivery expected in February 2026. The company has also completed an Epanko Graphite Project Expansion Study, confirming the potential to expand production to 390,000 tpa of natural flake graphite in a staged approach over 10 years. This expansion will support EcoGraf's strategy of developing its commercial scale EcoGraf HFfree® purification facilities in global lithium-ion battery manufacturing hubs such as Europe, North America and Asia. The company has also made progress on its battery anode recycling programs, government grant funding discussions, and its gold exploration joint venture with AngloGold Ashanti in Tanzania.

The Epanko Graphite Project expansion study confirms the potential to expand production to 390,000 tpa of natural flake graphite in a staged approach over 10 years, driven by rising global battery anode demand.