SGA making progress with its Pre Feasibility Study (PFS)
Our 2022 Small Cap Pick of the Year Sarytogan Graphite (ASX: SGA) is back on site drilling - this time as part of its Pre Feasibility Study (PFS) work.
The drilling is focused on primary inputs for the study including:
- 6x Geotechnical diamond drillholes.
- Hydrogeological holes to identify water supply sources and look at dewatering requirements.
Drilling will be completed over the northern hemisphere summer months (July to August).
Ultimately, the results from the drilling will help inform where SGA is best placed to build its project as part of the “pit optimisation” works.
What’s next for SGA:
The key catalyst we are looking out for is on the ongoing metwork 🔄
SGA continues to work with its processing partners to achieve the required Uncoated Spherical Graphite (USpG) specifications of 99.95% purity in spherical graphite balls of 5-20 microns in size.
SGA has already achieved 99.87% but is chasing that all-important 99.95%+ purity level.
Achieving these specifications will be key to accessing the battery anode market with a high priced spherical graphite product.
We think that this will be the major catalyst for SGA and the final step validating SGA’s giant resource as suitable for use in the lithium ion battery industry.
To get this done SGA has already delivered a bulk sample to its German lab partner.
SGA will be running a bulk flotation program through Q2-2023 to then feed into the spheroidization program in Q3-2023 ahead of battery performance tests in Q4 2023.
