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In the space of just 18 months, the company has delivered a high-grade mineral resource of 229 million tonnes at an incredible 28.9 per cent total graphitic content (TGC).
Drilling results received early last year confirmed the near-surface nature of the deposit, with assays of 26.8m grading 30.4 per cent TGC from surface and ending in mineralisation. Additional wide, shallow results show 47.6m at 31.3 per cent TGC, also from surface, including 13.9m going 40.2 per cent TGC, in addition to a 6.8m hit grading 37 per cent in the same hole.
Late last year, Sarytogan produced its first spheroidized graphite, which is the final flowsheet element needed to produce USPG and ultra-high purity fines (UHPF) for use in lithium-ion batteries and other related markets.
With the long-term charge and discharge cycling of its battery cells continuing, the company looks to be well on its way to producing a graphite product suitable for the ever-growing EV market. And ASX punters appear to agree based on today’s impressive share price hike.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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