More graphite outside of the already giant 209mt JORC resource

Published 09-DEC-2022 15:28 P.M.

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This morning our 2022 Small Cap Pick Of The Year Sarytogan Graphite (ASX: SGA) put out some more positive drilling results.

The highlight intercept from today’s announcement was the 75.1m intercept with grades measuring 34.6% TGC starting from 2m.

SGA’s current JORC resource sits at 209Mt with graphite grades of 28.5% which means today's intercepts show SGA is finding more graphite basically near surface (from 2m) and at higher grades than its JORC resource.

More importantly, the drill results come from outside of SGA’s current JORC resource with mineralisation now extending:

1,000m south-west of the Northern Graphite Zone (NGZ)
800m south-east of the NGZ
150m north of the NGZ
300m north of the Central Graphite Zone (CGZ)

The ultimate aim for SGA’s 2022 drilling program was to gather more information on the project so that SGA’s inferred resource can be upgraded to a higher confidence level (indicated).

With the intercepts made outside of the already known resource area, with higher grades and essentially from surface, we see these results as an unexpected bonus.

The shallow high grade mineralisation has the potential to improve SGA’s overall project economics.

Here it is overlaid with the 3D models we made of SGA’s project:

In today’s announcement SGA also confirmed that its 2022 drilling program had now been completed, assays from the central graphite zone were pending and that a JORC mineral resource upgrade was expected in Q1 2023.

Click here to see what’s next for SGA.