Ann: Binding Sales Agreement with Qingdao Langruite Graphite, page-2

BINDING SALES AGREEMENT SIGNED WITH QINGDAO LANGRUITE GRAPHITE____________________________________________________________________________________________Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) is pleased to announce a binding term salesagreement (“Agreement”) with Qingdao Langruite Graphite Co. Ltd., (“Langruite”).• The Agreement is for a minimum of 48kt of natural graphite from Balama in 2019, with an additional12kt at Syrah’s option• The Agreement includes sale of both fine and coarse flake products, across a range of fixed carbongrades• All other terms of the Agreement are confidential• Langruite, based in Shandong, China is a related entity of Qingdao Guangxing Electronic MaterialsCo. Ltd., (“Guangxing”), with whom Syrah has developed spot business over 2018• Guangxing is active across all major segments of the graphite market, including spherical graphiteand refractory materials from their own facilities and trading activitiesShaun Verner, Managing Director and CEO said, “Syrah continues to establish itself as a significant supplierof natural graphite into China. Our relationship with Langruite will enable further diversification of Balamagraphite sales across a range of end uses and provides flexibility in product delivery. We look forward toa successful relationship with Langruite.”