Even more high grade graphite mineralisation

Published 16-JAN-2023 11:21 A.M.

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Sarytogan Graphite (ASX:SGA) today reported assay results from the final round of its 2022 drilling program at its graphite project in Kazakhstan.

Like previously announced results, these results returned thick intersections of high-grade graphite mineralisation both within and beyond the project’s existing giant Mineral Resource.

The results will contribute towards an upgrade of the existing Mineral Resource — SGA is seeking to upgrade a proportion of the resource to the Indicated category while also increasing the total tonnage of the resource.

Note that this existing Inferred Mineral resource of 209Mt @ 28.5% Total Graphitic Carbon (TGC) is the highest grade graphite resource of any ASX listed graphite company.

SGA today reported significant graphite intercepts above 25% TGC from around the margins of the Central Graphite Zone (CGZ), within the existing Mineral Resource.

These intercepts included:

Drill hole St-94:

13.3m grading 33.6% TGC from surface, including 4.4m at 37.9%.

St-97:

5.5m grading 29.3% TGC from 1.3m and
69.1m grading 25.3% from 12.3m including 7.1m at 39.5% and including 4.0 at 36.5% and
13.6m grading 21.3% from 91.6m.

St-98:

22.9m grading 31.2% TGC from surface including 6.0m at 36.3%.

For the Northern Graphite Zone (NGZ), SGA also confirmed near surface high-grade graphite from two additional drill holes, reporting intersections of:

St-99:

26.8m grading 30.4% TGC from surface ending in mineralisation.

St-100:

47.6m grading 31.3% TGC from surface including 13.9m at 40.2% and including 6.8m at 37.0%.

What’s next?

As mentioned, SGA is working on a Mineral Resource upgrade, focussing on estimating a proportion of Indicated resources as well as increasing the total tonnage, ahead of further metallurgical test-work and economic evaluation.

Optimisation of metallurgical test work is also ongoing at the Australian and German laboratories following early results last year that returned up to 99.87% TGC purity.

In December, we named SGA as our 2022 Small Cap Pick of the Year after the company announced its breakthrough metwork result. You can read more on that decision and the metwork result here - Introducing our Next Investors Small Cap Pick of the Year for 2022.