Environment

Syrah is committed to partnering with the Company's stakeholders for environmental sustainability. Syrah recognises that responsible management of the impact Syrah's operations have on the natural environment can directly, indirectly, or cumulatively impact the Company's stakeholders, including the livelihoods of local communities.

Syrah strives to achieve environmental sustainability and responsibility by maintaining strong ESG performance and seeking to continually advance the Company's Sustainability systems and frameworks over time.

Management of the Balama Tailings Storage Facility (“TSF”) is aligned with International Council on Mining and Metals' ("ICMM") new Global Industry Standard on Tailings Management, which includes robust safety, governance, water stewardship, stakeholder management and emergency preparedness.

Syrah acknowledges the Intergovernmental Panel on Climate Change (“IPCC”) assessment of climate change science, which has determined that the human influence on the climate system is clear, greenhouse gases are the highest in history and adaption, and mitigation strategies are required to reduce risk and enable climate-resilient pathways to sustainable development.

• The Company is therefore committed to identifying, measuring and reducing greenhouse gas emissions from operations. To this effect, Syrah has commissioned an independent Life Cycle Assessment ("LCA") of the Company's integrated operations, from Balama origin to Vidalia customer gate to quantify the Global Warming Potential (“GWP”) of our products.

• Syrah publicly reports on Scope 1 and Scope 2 greenhouse gas emissions generated at Balama in Syrah's Sustainability Reports.

• Syrah is committed to setting meaningful and achievable targets for reductions in greenhouse gas emissions and is advancing specific emissions reductions projects, including a hybrid solar and battery system at Balama, and evaluating further opportunities to reduce the environmental impacts of its operations.