• Epanko Graphite Mine: Positive progress on funding, mining licence, and environmental/social planning
• EcoGraf Mechanical Shaping Facility: Site selection and cost estimates near completion
• EcoGraf HFfree™ Purification Facilities: Product qualification underway, patent applications progressing

EcoGraf Limited reported on its activities and cash flow for the quarter ended 31 December 2024. Key highlights include: Epanko Graphite Mine: EcoGraf has mandated KfW IPEX-Bank to arrange up to US$105 million in funding for the Epanko Graphite Project, with positive progress on the Special Mining Licence and environmental/social planning. EcoGraf Mechanical Shaping Facility: The company has selected a preferred location for the facility in Tanzania, which will beneficiate Epanko graphite into spherical graphite, and is finalizing cost estimates. EcoGraf HFfree™ Purification Facilities: Product qualification campaigns are underway, and the company has progressed patent applications in key markets. EcoGraf also reported on corporate activities, including the appointment of new personnel and receipt of an R&D tax refund. The company ended the quarter with A$17.6 million in cash and cash equivalents.