• EcoGraf has signed a binding term sheet for a new offtake agreement with a major German graphite trader.
• The agreement will see the purchase of 20,000 tpa of natural flake graphite, doubling to 40,000 tpa after 5 years.
• This agreement supports future expansions of the Epanko Graphite Project in Tanzania.

EcoGraf Limited (ASX: EGR) has executed a binding term sheet for a preliminary offtake agreement with a major German graphite trader for the sale of natural flake graphite products from the Epanko Graphite Project in Tanzania. The agreement will initially purchase 20,000 tpa of natural flake graphite, doubling to 40,000 tpa after the initial 5 years. This increase in volume is an endorsement of the quality and commercial appeal of graphite at the Epanko deposit. The term of the agreement is for 10 years, with pricing based on market reference prices and a floor price to ensure long-term viability. The agreement supports future staged expansions of Epanko beyond the initial 73,000tpa production capacity. The counterparty is an established European graphite trader with a history of supplying graphite products to industrial end-users throughout Europe and international markets.

EcoGraf expects to secure 40,000 tpa of contracted sales into the European market.

The agreement supports future staged throughput expansions and the Company's vertically integrated HFfree battery anode material strategy.