• Hazer enters non-binding MOU and Graphite Offtake LOI with Green Steel of WA
• Proposed offtake covers up to 85,000 tonnes over a 10-year term
• Pricing linked to anthracite benchmark, supporting price discovery and market development

Hazer Group Ltd ('Hazer' or 'the Company') (ASX: HZR) has entered into a non-binding Memorandum of Understanding ('MOU') and graphite offtake terms ('Graphite LOI') with Green Steel of WA Collie Pty Ltd ('GSWA'). GSWA is a private Australian company advancing the development of Australia's first low emissions steel mill in Collie, Western Australia ('Collie Steel Mill'). The Graphite LOI covers the supply of up to 85,000 tonnes of graphite over a 10-year term (8,500 tonnes per annum) for use in the Collie Steel Mill's electric arc furnace as a recarburiser replacing anthracite. The graphite price will be linked to the landed (Bunbury) price of anthracite, a high-carbon material commonly used in steelmaking. The Graphite LOI represents Hazer's first commercial graphite offtake framework with a steel making customer and is an important milestone in the Company's graphite monetisation strategy. The agreement validates the continued interest in Hazer technology and its low emissions co-products (hydrogen and graphite) in steel and other industrial sectors in Australia. The decarbonisation of steelmaking is a focus area for Hazer given the steel industry's significant emission footprint, and Hazer's low emissions hydrogen and graphite can play complementary roles in low carbon emissions steel making.

The Graphite LOI with GSWA highlights the versatility and potential value of Hazer graphite across industrial decarbonisation applications, particularly in steel making. As Hazer technology is deployed at scale, either through Hazer-owned projects or future licensed facilities, graphite production is expected to increase alongside hydrogen output. Developing reliable markets for this material provides a pathway for Hazer and future partners to maximise value from graphite production.