Large natural flake graphite deposit

0
The Lola Graphite Deposit
EASTERN GUINEA, WEST AFRICA
Corporate Presentation
October 2017

0www.srggraphite.com 2
FORWARD‐LOOKING STATEMENT
This presentation contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and
assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are
hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as
“objectives”, “forecast”, “pursue”, “growth”, “estimate” and other similar words or expressions. Except for statements of historical fact relating to
the Corporation, information contained or incorporated by reference herein constitutes forward-looking information, including, but not limited to,
the future price of, and demand for, minerals, as well as the Corporation’s strategy, plans or future financial or operating performance.
Forward-looking information is based upon assumptions that were applied in drawing a conclusion or making a forecast or projection that are
believed to be appropriate in the circumstances, including the following: the Corporation will be able to obtain additional financing on
reasonable terms or at all; the Corporation will be able to recruit and retain the services of its key technical and management personnel; the
Corporation’s management will not identify and pursue other business objectives in future; there will be no unexpected technological, economic,
political or other disruptions that will affect supply or demand for minerals in manner that would have a material adverse effect on the
Corporation; the Corporation will be able to obtain all required regulatory approvals without undue delay or subject to excessively burdensome
conditions; the results of current exploration activities will be favorable; the price of minerals will remain sufficiently high and the costs of
advancing the Corporation’s projects sufficiently low so as to permit it to successfully implement its business plans; and that the risks referenced
above, collectively, will not have a material impact on the Corporation. While management considers these assumptions to be reasonable based
on currently available information, they may prove to be incorrect.
Risk factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking
statements include, but are not limited to, exploration results, revenue, fluctuations in the price of currencies or minerals or of local operating
costs, mining industry risks, delays, political and social stability in Africa including our ability to maintain or renew permits and other risks as
described in our documents filed from time to time with Canadian securities regulatory authorities. Information with regards to these and other
risk factors can be found in Sama’s MD&A for the period ended March 30, 2017
These forward-looking statements are dated as of October 2017 and we disclaim any obligation to update or revise these forward-looking
statements, except as required by applicable law.
All amounts are in US dollars unless otherwise specified.
2

SRG AT A GLANCE
SRG – (TSXV: SRG)
• A Canadian-based emerging graphite company owns the Lola
Graphite Deposit.
• The Lola Graphite occurrence has a prospective surface outline of
3.22 km2 of continuous graphitic gneiss, one of the largest surface
outlines in the world.
• SRG is committed to operate in a socially, environmentally and
ethically responsible manner.
3
SRG’S OBJECTIVE IS TO BECOME A LEADER IN THE
PRODUCTION AND DELIVERY OF LOW COST,
QUICK-TO-MARKET, QUALITY GRAPHITE.

LOLA GRAPHITE ‐ OVERVIEW
RESOURCE SIZE
POTENTIAL
8.7 km-long graphite deposit with an average width
of 370 m at surface
FLAKE SIZE
89% of graphite flakes are super-jumbo, jumbo and
large (+80 mesh, >0.18 mm)
WEATHERED
Favourable weathering profile has positive implications
on metallurgy of upper ~20 m
SURFACE GRADE
Representative surface samples, grading up to 35%
carbon
QUICK-TO-MARKET
Minimal investment will rapidly and cost-effectively
advance the project to PFS phase
METALLURGY
Highly valuable graphite due to the combination of very
favorable ash composition, high crystallinity, high oxidation
resistance and excellent purification behavior

EVOLVING MINING DISTRICT:
GUINEA‐IVORY COAST, WEST AFRICA

LOLA GRAPHITE PROPERTY

LOLA DEPOSIT
History
• Discovered in the 1950’s by the French firm BUMIFOM
• BUMIFOM: 309 pits, metallurgical tests, plans for
production
• 1959: Guinean independence, BUMIFOM left the
country
• SRG re-discovered the deposit in 2012
Cover page of BUMIFOM’s report.
Copy of the old blueprint for BUMIFOM’s proposed plant.

LOLA GRAPHITE PROPERTY

LOLA DEPOSIT
The first 20 meters or so of the deposit are well
weathered (lateralized), freeing graphite flakes from the
silicate gangue and allowing for easy grinding with
optimal recovery of all large and jumbo flakes.
The graphite mineralization
continues at depth within the
non-weathered sheared
gneiss.
The Lola Graphite deposit is 8.7 km long, and on average 370 meters wide.

LOLA GRAPHITE PROJECT (EASTERN GUINEA)

METALLURGICAL TESTS
Metallurgical tests performed at the ActLab
Laboratory in Canada and ProGraphite in Germany
for the oxide material (saprolite; 0-20 m from
surface) returned excellent results.
Flotation Testing – August 2017 (ProGraphite)
Flake size mm
Proportion
%
%Cg %Ash
+ 45 Mesh (Jumbo) >0.35 46.4 96.0 3.9
+ 80 Mesh (Large) >0.18 33.5 95.0 4.8
+ 100 Mesh (Medium) >0.15 15.3 94.3 5.7
- 100 Mesh (Fine) <0.15 4.9 90.8 8.7
“The valuable large and jumbo flakes combined with a high carbon grade concentrate demonstrate
the excellent quality of the Lola Graphite Deposit,” said Dr. Marc-Antoine Audet, President and CEO.
“We are pleased that recent test results delivered significantly higher carbon content when
compared to previous tests, yet maintained favourable coarse flake size distribution. Additionally,
ProGraphite noted that the potential for even higher carbon content by flotation is still a possibility.”

Based on four
metallurgical tests
conducted to date
89%
Source: Triton Mineral Ltd.
FLOTATION AND CONCENTRATE
Lola Graphite

SUMMARY ANALYSIS ‐ PROGRAPHITE GMBH
• Volatiles are low, oxidation resistance is very high and the specific surface area is in the normal
range.
• Graphite from the Lola deposit has a high bulk density (>700 g/l), typically Chinese graphite have
bulk densities of 450-550 g/l for +80 mesh. For bulk density there is no clear good or bad, it is
simply the customer’s preference (often habit) for lighter or heavier material.
• Concentrate was screened to obtain information on particle size distribution with very favorable
results: the material is very coarse, ⅔ of the graphite are large flakes (+80 mesh), and ⅓ is jumbo
flakes (+50 mesh).
• Market price for +50 mesh material is more than double the price of -100 mesh graphite of the
same carbon grade; value-added for Lola graphite.
• Main elemental impurities are Si, Al and Fe, which are typical for flake graphite. Impurities known to
cause trouble in various applications, such as S or heavy metals occur naturally only on very low
levels.
• Purification tests verified that the graphite can be easily upgraded with standard processes to
levels above 99.5%, with most elements already under the limits for battery application. The
purification performed was “mild” compared to “harsh” purification usually necessary for Lithium-Ion
battery grade. Accordingly, Lola graphite material will likely be very suitable for such applications.

• Favorable ash composition and comparably low effort required to obtain high
carbon grades are key advantages for Lola graphite.
• The graphite is of very high crystallinity, meaning that the graphite crystals are
almost perfect, which makes it suitable for highly demanding applications like
lithium-ion batteries or synthetic diamonds.
Conclusion
• The combination of very favorable ash composition, high crystallinity, high oxidation
resistance and excellent purification behaviors makes this graphite very valuable for
traditional markets as well as for demanding new tech applications.
• Based on testwork conducted thus far, Lola graphite seems suitable for energy
applications, in particular spherical graphite use for lithium-ion batteries. Lola
graphite is also suitable for a very wide range of very important traditional markets
such as refractories, crucibles, friction products, carbon brushes, sealing, etc.
srggraphite.com TSXV : SRG 14


Parameter

Unit
S‐# 698
Conc
S‐# 704
+180my

Parameter

Unit
S‐# 698
Conc
S‐# 704
+180my
Si ppm 21837 22760 Mn ppm 33,33 45,41
Al ppm 18392 19628 Sc ppm 4,97 3,59
Fe ppm 11504 12844 V ppm 21,17 22,96
Ti ppm 224 246 Cr ppm 15,44 15,99
P ppm 146 164 Co ppm <1 <1
Ni ppm 9,52 7,97
Ca ppm 216 211 Cu ppm 48,80 48,67
Mg ppm 373 385 Zn ppm 11,62 7,33
K ppm 4224 4447 Ga ppm 4,81 4,43
Na ppm 75 54 As ppm 1,29 <1

Parameter Unit
S‐# 698
Conc
S‐# 704
+180my
Parameter Unit
S‐# 698
Conc
S‐# 704
+180my
Rb ppm 17,59 20,06 Pr ppm 1,80 1,78
Sr ppm 4,26 5,69 Nd ppm 3,25 4,76
Y ppm 2,74 <1 Sm ppm 1,34 1,42
Zr ppm 38,41 35,46 Hf ppm 1,25 1,11
Nb ppm 3,28 3,14 Ta ppm <1 <1
Mo ppm <1 <1 W ppm 2,62 <1
Sn ppm <1 <1 Pb ppm 1,60 4,36
Ba ppm 150,45 156,26 Bi ppm <1 1,33
La ppm 11,33 11,73 Th ppm 1,48 4,26
Ce ppm 7,14 6,76 U ppm <1 1,22

LOI wt‐% 89,48 88,82

15
flotation conc NaOH purified HF purified
+80mesh +50mesh +50mesh
SiO2 weight-% 4,87 0,10 0,11
Al2O3 weight-% 3,71 0,02 0,07
Fe2O3 weight-% 1,84 0,36 <0,01
TiO2 weight-% 0,04 0,02 <0,01
P2O5 weight-% 0,04 0,01 <0,01
S weight-% 0,01 <0,01 <0,01
CaO weight-% 0,03 <0,01 <0,01
MgO weight-% 0,06 0,02 <0,01
K2O weight-% 0,54 <0,01 0,01
Na2O weight-% 0,01 <0,01 <0,01
F weight-% <0,027 <0,027
Cl weight-% <0,019 <0,019
V ppm 22,96 <5 <5
Mn ppm 45,41 27,90 <10
Cr ppm 15,99 8,70 <6
Co ppm <1 <3 <3
Ni ppm 7,97 <6 <6
Cu ppm 48,67 <5 <5
Zn ppm 7,33 <6 <6
Ga ppm 4,43 <3 <3
Ge ppm <2 <2
As ppm <1 <5 <5
Se ppm <1 <1
Br ppm <3 <3
Rb ppm 20,06 <6 <6
Sr ppm 5,69 <5 <5
Y ppm <1 <3 <3
Zr ppm 35,46 52,10 42,00
Nb ppm 3,14 <3 <3
Mo ppm <1 <5 <5
Ag ppm <3 <3
Cd ppm <1 <1
In ppm <1 <1
Sn ppm <1 <13 <13
Sb ppm <7 <7
Te ppm <1 <1
I ppm <5 <5
Cs ppm <10 <10
Ba ppm 156,26 111,60 65,70
La ppm 11,73 <15 <15
Ce ppm 6,76 <10 <10
Nd ppm 4,76 9,50 <4
Pr ppm 1,78 <6 <6
Sm ppm 1,42 3,20 <3
Hf ppm 1,11 <2 <2
Ta ppm <1 <10 <10
W ppm <1 <5 <5
Hg ppm <1 <1
Tl ppm <1 <1
Pb ppm 4,36 <8 <8
Bi ppm 1,33 <3 <3
Th ppm 4,26 <3 <3
U ppm 1,22 <2 <2
LOI weight-% 88,82 99,44 99,78

X‐Ray fluorescence analysis (XRF) on concentrate and +80 mesh Fractions
Chemical analysis on purified graphite via XRF.
NO IMPURITIES

Image enabling the distinguishing of different phases (brighter intensity in
image is result of higher atomic number of mineral phase) and clearly showing
the overgrowth of gangue (possibly some mica phase) on graphite crystal
Typical flake morphology and sizes of + 50 Mesh fraction sample. Flakes
are mostly oval shaped.
FLAKES

SPHERONIZED BATTERY‐GRADE GRAPHITE
Battery-grade characterization tests performed by Dorfner/ANZAPLAN Co.
(Germany) demonstrated that bulk density, tap density, morphology, chemical purity
and specific surface area of the spherical graphite product obtained from SRG’s
Lola graphite deposit are similar to typical spherical graphite products.
The graphite concentrate produced is well suited for the production of anode
material for lithium-ion batteries.
Laboratory work and analysis on the Lola Graphite concentrate was successful in
identifying the optimal procedure for shaping and purifying the material in order
to obtain high-purity spherical graphite, suitable for use in lithium-ion battery and
technology grade graphite applications.
d10 d50 d90 TapDensity SSA Ash Moisture Fe Ni Zn Cr Ca Cu S Si
spec 11+‐1 16+‐0.5 23.5+‐1 0.95+‐0.05 6.15+‐0.3 <0.04 <0.1 <50 <10 <10 <10 <50 <10 <50 <80
type range range range range range max Max max max max max max max max max
Lola SP S1 9.7 16.0 23.3 0.96 6.9 0.05 <0.1 47 <10 <10 <10 <10 <10 <50 57
unit micron micron micron micron m2/g micron % ppm ppm ppm ppm ppm ppm ppm ppm

Proposed 2017 Drilling Program
2017 EXPLORATION AND DEVELOPMENT
• Additional drilling to establish
mineral resources in saprolite
(oxide material) 157 DDH
(4,825 meters)

RAPID DEVELOPMENT
• Metallurgical tests to refine processes
• Environmental baseline study
• PEA & economic assessment
Proposed Development Program
2016 2017 2018
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Environmental Baseline Study
Lola Graphite Exploration: Drilling (4,825 m)
Metallurgical Tests and Flowsheet
PEA and Mineral Resources (NI 43‐101)
Environmental Impact Study
Feasibility Study
Production Decision
Permitting and Pre‐production

CONCENTRATE AND POTENTIAL MARKET
Mine
On‐Site
Processing
Purification
On‐/Off‐Site Markets $US/t
Crushing
Floating
Drying
Sorting
Packing
Transport
Shipping
Super-Jumbo 29%
Jumbo 28%
Large 32%
Medium 6%
Fine 5%
Refractory,
Foundry
Special
Products
Expandable
Micronization
$1,200
to
$1,500
$800 to $1,000
$500
VALUE ADDED POTENTIAL
Fine Flakes
Large Flakes
Spheronizing, Spherical Graphite, Coating $7,000 ‐ $12,000
Expandable $1,500 ‐ $5,000

CAPITALIZATION
Shares
Outstanding*
(Basic)
3,783,000
Stock Options Warrants
Shares
Outstanding
(Fully Diluted)
Sama Resources: 24,658,276 for 44.5%
Coris Capital SA: 5,250,000 for 9.5%
Insiders: approximately 65%
55,404,719 2,625,000 61,812,719
*Upon closing Coris’ second tranche of a private placement, SRG will have 57,654,719 outstanding shares, 13% of which will be
owned by Coris.

BOARD OF DIRECTORS
STRONG MANAGEMENT AND BOARD OF DIRECTORS
Benoit La Salle (FCPA, FCA, MBA) – Executive Chairman and Director
• Former President & CEO, SEMAFO Inc.
Marc‐Antoine Audet (PhD Geo., P.Geo.) – President & CEO and Director
• 27 years of geological experience in exploration and development with Falconbridge and
Xstrata Nickel
Marc Filion (PhD, MBA, Eng., ASC ) – Independent Director
• Former Chairman, SOQUEM and former President & CEO, SGF Mineral Inc.
Rene Lessard – Independent Director
• An independent sales consultant and member of the Board of Nemaska Lithium.
Marcel Duchesne – Independent Director
• Over 35 years of experience in graphite processing, including tenure as Mill Superintendent.
Formerly, Mill Superintendent, Asbury Graphite and Timcal’s Lac des Iles Graphite, Qc.
Yves Grou (CPA, CA)– Independent Director
• Business valuation expertise; completed several transactions with mining, oil and gas,
telecommunications and medical devices companies, of which some were located in France,
Cuba, Thailand, West Africa and China.

GRAPHITE FUNDAMENTALS
Increasing Worldwide Demand
• Global world graphite production has risen more than tenfold, from a base of
100,000 TPA in the early 1900s to an estimated 1.2 MTPA in 2016 at a compound
annual growth rate of over 2% according to USGS and the World Steel Association,
and by 4% according to P&S Market Research.
• The strong demand for graphite is fuelled by green energy initiatives, including
lithium + carbon batteries (hybrid vehicles), solar energy, supra-conductors and
nuclear energy.
Opportunities
The graphite market (1.2 MTPA) is almost as large as the nickel market and, 50
times larger than the lithium or rare earth elements markets.

Graphite Consumption by Industry 2016
(Source: Roskill March 2017)

Molecular Structure
Metallurgy: electrodes, crucibles, etc.
Batteries: electric and hybrid cars
Special alloys
Lubricants, pencils, paints, oil additives, etc.
Graphite Together with Diamonds and Coal are the only Forms of Crystalline Carbone
(“C”)

GRAPHITE MARKET
Facts
The demand for flake graphite is being driven
upwards by green technology.
 Graphite facts:
 Excellent conductor of electricity and heat
 Most natural strength and rigidity of all
metals
 Most light-weight reinforcement metal
 Excellent lubricant
 Only high purity crystal flake graphite can be
used for Li-ion batteries, fuel cells and other
green technologies

BATTERY‐ANODE MARKET FORECAST
Benchmark Mineral Intelligence forecasts that the battery anode market, which is almost exclusively
served (98%) by naturally-sourced spherical graphite and synthetically produced graphite, will increase
from 80,000 TPA in 2015 to at least 250,000 TPA by the end of 2020. The market could reach 400,000
TPA in the most bullish case, with no supply restrictions.
Battery Anode Market Forecast (TPA)Benchmark estimates (most
conservative case) that over
360,000 tonnes of medium-
flake graphite will be
needed as a feedstock
source for the spherical
material by 2020.
Based on the same natural-
to-synthetic demand
proportions, this represents
nearly double the 2015
flake concentrate market.

GRAPHITE PRICING
According to the USGS (2016), the USA imported 66,000 tons of natural graphite in
2015 at an average price of $1,240 per ton.

DISCOVERY OUTCROP
Weathered to a depth of approximately 20 meters

MINERALIZED OUTCROPS

Graphite rich material outcropping from
240 m to 1,500 m

DRILLING AND MINERALIZED PROFILES
HOLE‐ID FROM LENGTH CG HOLE‐ID FROM LENGTH CG
m m % m m %
LL45‐028438 0.00 26.50 5.09 LL36‐119389 0.00 27.30 2.58
including *1 10.50 8.00 LL36‐143397 0.00 21.00 2.77
including *2 3.00 10.90 LL36‐262441 0.00 55.50 8.92
LL45‐052446 0.00 34.50 3.16 including *1 48.00 10.06
including *1 4.50 10.70 including *2 22.50 15.15
including *2 1.50 17.10 LL36‐289450 0.00 46.10 6.80
LL45‐070451 0.00 39.00 3.34 including *2 7.50 11.83
including *1 9.00 6.20 LL36‐313459 0.00 40.00 4.89
LL45‐011373 3.00 31.00 5.76 including *1 21.00 7.75
including *2 5.00 16.32 LL36‐337469 0.00 12.00 1.36
LL45‐094198 0.00 33.00 4.30 LL36‐239433 0.00 36.00 6.69
LL45‐112206 0.00 34.50 5.36 LL36‐217425 0.00 36.30 5.84
including *2 1.00 18.50 LL36‐191413 0.00 37.40 4.32
LL45‐131212 0.00 22.70 4.56 including *2 1.50 10.10
including *1 9.00 6.60 LL36‐167405 1.50 24.00 3.51
LL45‐148219 0.00 15.00 5.33 including *2 2.00 12.60
including *1 9.00 7.50 LL36‐205528 4.50 30.50 5.72
LL44‐768470 23.00 13.00 14.22 including *2 5.00 12.12
including *1 4.50 36.97 LL36‐228537 0.00 45.00 5.70
including *2 9.00 12.28
Mineralized Interval Examples ‐ Defined Using a 1.0% Cg Cut‐Off Grade
*1 3% Cg cut-off grade (average grade of combined intervals).
*210% Cg cut-off grade (average grade of combined intervals).
True thickness perpendicular to foliation is 67% of the drilled thickness

SECTION 3100N
WestEast
0 50 m
Graphite‐Rich Paragneiss
Fresh rock
Oxide Profile
% Cg Legend

SECTION 3400N
WestEast
0 50 m
Graphite rich Paragneiss
Fresh Rock
Oxide Profile
% Cg Legend

SECTION 3500N
WestEast
0 50 m
Fresh Rock
Oxide Profile
% Cg Legend

SECTION 5700N
srggraphite.com TSXV : SRG
38
WestEast
0 50 m
Fresh Rock
Oxide Profile
Base of weathered profile
% Cg Legend

SECTION 5800N
WestEast
0 50 m
Fresh Rock
Oxide Profile
Base of weathered profile
% Cg Legend

SECTION 5900N
WestEast
0 50 m
% Cg Legend
Fresh Rock
Oxide Profile
Base of weathered profile Base of weathered profile
Surface Trenches Surface Trenches

0
STRONG GOVERNMENT RELATIONS
41

Large natural flake graphite deposit

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