Syrah Resources Ltd (ASX:SYR) are pleased to provide the Company's Equity Capital Raising Presentation, June 2016. Investment highlights
The Balama Graphite Project is a World Class and Globally Strategic Graphite Asset
- The world class Balama Project is a strategic asset that positions Syrah to become a leading supplier of graphite to industrial and high growth, emerging technology markets
-- Significant JORC Compliant (2012) Reserve in place to support over 40 years of mine life at projected mining rates
-- High grade, low strip ratio ore body that can be mined with conventional truck and shovel techniques, resulting in an attractive and competitive operating cost profile
-- Graphite product is suited to high growth, emerging technology market applications
- Significant progress in the development of the Balama Project has materially de-risked the construction of this strategic asset, positioning Syrah to deliver on its advantage as one of the early movers in the sector. Key construction progress to date includes:
-- All long lead time items ordered and deliveries of mechanical equipment and structural steel to site has commenced
-- Process plant and infrastructure concrete works progressing
-- Notice of Award issued for major construction contract (Structural, Mechanical and Piping (SMP)) and various operational contracts (including mining contractor, transport and logistics and fuel supply)
- Project schedule revisited with input from prospective key contractors, with first ore and production ramp up now scheduled for Q2 2017
- Project cost estimates have been updated and decisions taken to enhance the project scope are expected to deliver a more robust operation and consistent production of a range of high quality graphite products
Syrah Positioned to Become a Leading Supplier of Superior Quality, Enhanced Value Graphite Products
- Emerging technology markets, particularly lithium ion batteries, continue to develop at a rapid pace and represents a key end market for Syrah's fine flake graphite products
- Proceeds of Offer will enable Syrah to accelerate its spherical strategy in response to market demand
- 50ktpa offtake agreement with Marubeni validates the quality of Syrah's product and positions Syrah to become a major non Chinese supplier of spherical graphite
- Further significant opportunity for spherical graphite available in Chinese, North American and European markets
Experienced Board and Management Team in Place to Deliver on the Strategy
- Syrah has built a high quality Board and management team with a diverse mix of mining, technology and African operating experience
- Dr Christina Lampe-Onnerud recently joined the Board, with over 20 years experience in the Li-ion battery sector
To view the presentation, please visit:
http://abnnewswire.net/lnk/XRB981A5
Tolga Kumova Managing Director Syrah Resources Limited Office contact: +61-3-9670-7264 Mobile contact: +61-421-707-155 Email: t.kumova@syrahresources.com.au
