• Hazer-KBR alliance Process Design Package completed, enabling standardised design for large-scale commercial deployment
• Graphite monetisation advanced with a non-binding offtake Letter of Intent with Green Steel WA
• Hazer graphite qualified for concrete and asphalt applications, opening access to large infrastructure markets

Hazer Group Limited (ASX: HZR) reported key highlights for the March 2026 quarter, including the completion of the Hazer-KBR alliance Process Design Package, enabling standardised design for large-scale commercial deployment. The company also advanced its graphite monetisation strategy, signing a non-binding offtake Letter of Intent with Green Steel WA to supply graphite for a new low-emissions steel mill. Additionally, Hazer graphite was qualified for use in concrete and asphalt applications following independent testing, opening access to large infrastructure markets. The company continued to expand its commercial pipeline, with multiple project opportunities progressing across Australia and international markets. Hazer engaged its global alliance partner, KBR, to assist with the FortisBC project in Canada, and also signed a non-binding MOU with global chemicals firm Kemira to evaluate commercial opportunities for deploying Hazer's technology. The company maintained a robust funding position of $15.3 million, with operating cash burn reduced by 16% quarter-on-quarter, supported by ARENA funding.