22 Dec 2021

Advanced Materials Update Presentation

1 WWW.GREENWINGRESOURCES.COM ASX:GW1 A collaboration with Swinburne University of Technology Environmentally Friendly Production Of High-quality Graphene From Graphmada Graphite 22 December 2021 2 Important Information Disclaimer This document has been prepared by Greenwing Resources Ltd ABN 31109933995 (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document. This document is provided on the basis that neither the Company nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the document and nothing contained in the document is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The document may contain forward-looking information and prospective financial material, which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. All references to future production, production targets and resource targets and infrastructure access are subject to the completion of all necessary feasibility studies, permitting, construction, financing arrangements and infrastructure-related agreements. Where such a reference is made, it should be read subject to this paragraph and in conjunction with further information about the Mineral Resources and Exploration Results, as well as the Competent Persons' statements. All persons should consider seeking appropriate professional advice in reviewing the document and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the document nor any information contained in the document or subsequently communicated to any person in connection with the document is, or should be taken as, constituting the giving of investment advice to any person. Forward Looking Statements This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward-looking statements will be or are likely to be fulfilled. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this document constitutes investment, legal, tax or other advice. Competent Person Statement The information in this document that relates to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Tim McManus, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy and a full-time employee of the Company. Tim McManus has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Tim McManus consents to the inclusion of the information in this document in the form and context in which it appears. Subsequent Public Reporting The information for the JORC Mineral Resource Summary is extracted from the ASX Announcement “41% Increase in Graphite Mineral Resource to Advance Plans for Large Scale Mining and Processing Operations” released 16 March 2021, which is available to view on www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. 3 Advanced Materials Update “This is a scalable, environmentally friendly production method for graphene not linked to petroleum production or other toxic methodologies. The board is excited as to the opportunities this presents the company and its shareholders and looks forward to further innovative and market leading results from our collaboration with Swinburne.” — CEO Craig Lennon 4 Refractories & Metallurgical 1 ? Large Flake Graphite ? Clean, high purity concentrates ? Industry benchmark qualities Graphene & High End Technologies ? Very high purity of 99.99 wt.% carbon achievable for premium feedstock ? High order crystalline structure ? High-quality graphene produced Expandables & Fire Retardants 2 ? Large Flake Graphite ? Exceptional Expandability ? Clean, high purity concentrates Energy: Battery & Fuel Cell 3 ? Very high purity of 99.99 wt.% carbon achievable ? All parameters meet leading battery anode manufacturer specifications Graphmada Graphite Highly Suitable GREENWING CONFIRMS GRAPHMADA GRAPHITE HIGHLY SUITABLE TO GRAPHENE & HIGH END TECHNOLOGIES 5 Testing and Qualification PREVIOUS ANNOUNCEMENTS Greenwing aims to establish itself as a leading vertically integrated specialty carbons and advanced materials business and has made considerable progress towards this objective with the foundation of the Company’s 100% owned Graphmada Graphite Mining Complex in Madagascar. 6 Graphite Exfoliation to Produce Graphene GRAPHENE PRODUCTION Supernatant Graphite + organic solvent Exfoliated graphite thin film Production of environmentally friendly graphene Greenwing has reached its first milestone in its research and development partnership with Swinburne University of Technology. Li qui d Phase Exfoliation Vacuum Fi l trati on 7 Graphmada Graphite Exfoliated To High Quality Graphene Raman spectra of graphite and graphite exfoliated in solvent (graphene) RAMAN SPECTROSCOPY 0.5 1.0 1.5 2.0 8 Results & Next Steps SUMMARY OF RESULTS NEXT STEPS 9 Appendices 10 LARGE FLAKE GRAPHITE PRODUCTION FINE FLAKE Graphite Applications BACKGROUND 11 Graphmada’s large flake graphite under magnification. Current Objectives 12 ACP Cladding BACKGROUND Aluminum Composite Panel And Its Highly Flammable Core Source: Sydney Morning Herald, Jamie Brown Surfaces Insulating Core Heat from a fire will conduct quickly to the core through thin aluminum Core loses ability to bind, causing outer skins to deform and delaminate Core Melts And Can Ignite 1. 2. 13 Requirement for Fire Retardant Cladding Fire behavior in a building with fire retardant cladding vs. regular cladding. Source: Alucobond Regular ACM Fire Retardant ACM Rapid Fire Spread Fire spreads upwards due to a combustible cladding , thereby contributing to the fire Fire breaks in & out through glass Flames break out Smoke/Fumes build up Restricted Fire Spread Fire spreads is restricted due to a FIRE RETARDANT or NON_COMBUSTIBLE cladding material and system No Droplets falling fown to avoid furder spread and hazard to people No Smoke / Toxic Fumes Initial Fire develops and flashes over Secondary Fire Secondary Fire Secondary Fire Secondary Fire Secondary Fire Secondary Fire Secondary Fire Internal or External Fire Incident While glass breakage/fallout allows fire to enter/exit, cladding allows/prevents spread 14 Specialty Carbon Composite Technology 15 Graphite Characterisation Results XRD Raman spectroscopy 16 XRD Confirmed Crystallinity & Extent of Graphite Exfoliation 0 20 40 60 80 100 120 140 160 180 5 15 25 35 45 55 65 75 Intensity (a.u) 2 theta (degrees) Graphene 0 10000 20000 30000 40000 50000 60000 70000 80000 0 20 40 60 80 Intensity (a.u) 2 theta (degrees) Graphite a) b) XRD diffractograms of: a) starting graphite, and b) graphite exfoliated in solvent (graphene nanoplatelets) X-ray diffraction (XRD) 002 002 I ( 002 ) decreased to 0.2% of starting material graphite indicating a loss of 3D structure during exfoliation in solvent 17 Graphmada High Quality Graphite HE-ION MICROSCOPY RESULTS a) b) 18 Why Greenwing ? E X P O S U R E T O G R A P H I T E A N D L I T H I U M E X P E R T I S E E M E R G I N G M A R K E T S A N D T E C H N O L O G I E S E X P L O R A T I O N U P S I D E Invest in an integrated battery metals producer as the world economy enters the biggest quantum shift in energy use since the industrial revolution 19 1. ASX Announcement ‘Tests confirm Graphite Concentrates as Industry Benchmark’ released 23/05/17. 2. ASX Announcement ‘Tests confirm Industry Leading Expandability for Graphmada’ released 24/05/17. 3. ASX Announcement ‘Excellent Lithium-ion battery feedstock test results’ released 29/05/17. 4. ASX Announcement ‘Bass continues Advanced Materials Strategy with Agreement to Develop Specialty Carbon Composite Technology’ released on 07/04/2021. FOOTNOTES (07) 3063 3233 www.greenwingresources.com PO Box 15048, Brisbane Qld 4000 Rick Anthon Chairman Craig Lennon CEO This announcement has been approved by the Company’s Board of Directors for release. CONTACT US InvestorRelations@greenwingresources.com
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