BRIEF

on NextSource Materials Inc. (isin : CA65343M1005)

NextSource Materials Updates on Molo Mine Progress

NextSource Materials Inc. has announced the completion of planned screening equipment upgrades at its Molo Graphite Mine in Madagascar. The enhancements allow the Molo mine to sort SuperFlake® graphite concentrate into size fractions that meet customer specifications.

The upgrades have enabled the Molo mine to meet or exceed recovery and grade expectations, producing SuperFlake® concentrate with a carbon content between 95% and 97%. Additional process plant upgrades were also conducted to ensure future sustainable recoveries and plant stability, positioning the mine for its Phase 2 expansion.

NextSource Materials is currently transporting saleable SuperFlake® concentrate to the Port of Tulear for export. President and CEO Craig Scherba noted that the Molo mine is now well positioned to meet customer requirements and looks forward to Phase 2 expansion.

R. P.

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