SYR or nothing, page-53

Tesla offtake alleged default cure date extended Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) wishes to provide an update regarding its offtake agreement (“Offtake Agreement”) with Tesla, Inc. (“Tesla”) for the supply of natural graphite active anode material (“AAM”) from Syrah’s 11.25ktpa AAM facility in Vidalia, Louisiana (“Vidalia”)1. In the Equity Capital Raising & Loan Developments Presentation (see slide 25) released to ASX on 30 July 2025, Syrah noted that it had received a notice from Tesla alleging that it had defaulted on an obligation under the Offtake Agreement to provide conforming AAM samples from Vidalia (“Notice”). The Notice, as subsequently amended, required that Syrah cure the alleged default by 16 March 2026 (“Cure Date”) otherwise the Offtake Agreement may be terminated. While Syrah does not accept it is in default under the Offtake Agreement, the parties have extended the Cure Date to 1 June 2026 and are closely collaborating to cure the alleged default. Tesla has the right to terminate the Offtake Agreement if final qualification of Vidalia AAM is not achieved by 16 March 20262. The parties have agreed to amend the Offtake Agreement to extend this date to 1 June 2026, subject to the consent of the United States Department of Energy to such amendment. This release was authorised on behalf of the Syrah Board by Shaun Verner, Managing Director

Just enough uncertainty to upset the possums.