- Sarytogan Graphite (SGA) extends the mineralisation at its namesake graphite deposit in Central Kazakhstan
- The company has received new drill results that included a thick, high-grade intercept of 75.1 metres at 34.6 per cent total graphitic carbon (TGC) from two metres
- This drilling work extended graphite mineralisation 1000 metres southwest of the Northern Graphite Zone (NGZ), 800 metres southeast, and 150 metres north
- Sarytogan is still waiting on the final results and will use these to complete an updated mineral resource estimate in the new year
- Company shares are down 8.8 per cent to trade at 46.5 cents at 11:42 am AEDT
Sarytogan Graphite (SGA) has extended the mineralisation at its namesake graphite deposit in Central Kazakhstan.
The company completed over 3000 metres of drilling in the area that returned thick and high-grade intercepts such as 75.1 metres at 34.6 per cent total graphitic carbon (TGC) from two metres including 51.1 metres at 36.8 per cent TGC.
Additional results include 47.4 metres at 33.4 per cent TGC from surface, including 14.3 metres at 37.7 per cent TGC.
These results extended the graphite mineralisation at the Sarytogan deposit to 1000 metres southwest of the Northern Graphite Zone (NGZ). Mineralisation was also extended 800 metres southeast of the NGZ, 150 metres north of the NGZ and 300 metres north of the Central Graphite Zone.
Sarytogan Managing Director Sean Gregory said he was pleased that the mineralisation had been extended beyond the mineral resource estimate of 209 million tonnes at 28.5 per cent TGC.
“The results closely follow the breakthrough metallurgical results where we achieved 99.8 per cent graphite purity,” Mr Gregory said.
“It truly is an exciting time for the development of Sarytogan with an upgraded mineral resource on track for Q1 2023 to inform economic studies.”
Sarytogan is still waiting on one final batch of results from the Central Graphite Zone. These are expected to be received in January next year and will be followed by a mineral resource estimate update.
Company shares were down 8.8 per cent to trade at 46.5 cents at 11:42 am AEDT.