- Sarytogan Graphite (SGA) returns further high-grade graphite intercepts from drilling at its namesake deposit in Central Kazakhstan
- Results from 14 diamond drill holes completed in the Central Graphite Zone returned intercepts above 30 per cent total graphitic carbon and thicker than 60 metres
- Managing Director Sean Gregory says the results continue to impress and confirm the deposit’s status as “giant” and “exceptionally” high-grade
- Drilling is ongoing and is due to wrap up later this month with the results to feed into an updated mineral resource estimate anticipated for the first quarter of next year
- SGA shares are up 32.6 per cent and trading at 30.5 cents at 1:58 pm AEDT
Sarytogan Graphite (SGA) has returned further high-grade graphite intercepts from drilling at its namesake deposit in Central Kazakhstan.
The latest results from 14 diamond drill holes completed in the Central Graphite Zone returned intercepts above 30 per cent total graphitic carbon (TGC) and thicker than 60 metres.
The widest intersection was 74 metres at 29.1 per cent TGC from surface, which included 13.6 metres at 36.3 per cent.
Grades peaked at 38.1 per cent over 10 metres, within a 15.9-metre intersection grading 32.1 per cent TGC.
Managing Director Sean Gregory said the results continue to impress and confirm the deposit’s status as “giant” and “exceptionally” high-grade.
The intercepts come from a previously sparsely drilled part of the inferred mineral resource and are typically of a higher grade.
Drilling is ongoing and is due to wrap up later this month.
The results will feed in to an updated mineral resource estimate (MRE) anticipated for the first quarter of next year.
At the same time, metallurgical testwork optimisation is underway at laboratories in Austria and Germany, targeting battery anode specifications.
Both the MRE and results from the metallurgical test work will inform a scoping study planned for next year.
SGA shares were up 32.6 per cent and trading at 30.5 cents at 1:58 pm AEDT.