SGA - Sarytogan Graphite

[System]

Sarytogan Graphite Limited has entered into an exchange agreement with Ustar Ventures Ltd to acquire 100% of the participatory interests in Ushtogan LLP, the owner of the Sarytogan Graphite Project.

The Sarytogan Graphite Project is located in the Karaganda region of Central Kazakhstan and the exploration concession covers 103.92 km2. As its name suggests, the Sarytogan Graphite Project is prospective for graphite and a meaningful initial JORC compliance resource has already been delineated on the project.

It is anticipated that SGA will list on the ASX during April 2022.

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sarytogangraphite.com.au

 

[Dona Ferentes]

Listing date	06 April 2022 ; 12:00 PM AEST ##
Company contact details	https://sarytogangraphite.com.au/ Ph +61 8 9388 8290
Principal Activities	Mining Exploration
GICS industry group	TBA
Issue Price	AUD0.20
Issue Type	Ordinary Fully Paid Shares
Security code	SGA
Capital to be Raised	$8,500,000
Expected offer close date	17 March 2022
Underwriter	Not underwritten. RM Corporate Finance Pty Ltd and Inyati Capital Pty Ltd (Joint Lead Managers).

 

[Dona Ferentes]

SGA’s namesake project in Central Kazakhstan currently contains 209 Mt @ 28.5% TGC (containing 60Mt of graphite), making it the highest grade and second largest graphite deposit of its ASX peers.

Now the company has hit “breakthrough” 99.87% graphite purity in metallurgical test work — a significant step towards battery anode specification, managing director Sean Gregory says.

“Sarytogan’s giant high grade mineral resource is now complemented by its premium micro-crystalline high-purity product, credentials that now elevate the project to be a potential answer to the world’s projected battery anode material shortage,” he says.

The product to support this strategy will be Uncoated Spherical Graphite (USpG), which trades at more than US$3,000/t. That’s about triple the price of traditional flake graphite products.

To achieve USpG, the Sarytogan concentrates will require milling to make spherical graphite balls of 5-20 micron in size and further purification to 99.95% TGC.

Testing continues to find the most economical way to hit these size/purification targets.

Meanwhile, a bunch of drilling assays are pending ahead of a resource upgrade, due for release in Q1 next year. A scoping study is also planned for 2023.

... we'll see how they go. As others find, it's quite a process to get the finished product.
since listing:

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[Captain_Chaza]

I have entered the SGA in the 2023 C/Y Regatta
And have been a Proud holder for Quite a while

Sailing the SGA-----One Day at a Time

Salute and Gods' Speed

 

[Dona Ferentes]

45c and holding.

Managing Director, Sean Gregory commented:
“All assays from the 2022 drilling have now been received. The results have
consistently returned thick intersections of high-grade graphite mineralisation both within and beyond the existing giant Mineral Resource.

The planned upgrade to the Mineral Resource estimate is now underway ahead of further metallurgical test-work and economic evaluation.”

 

[Dona Ferentes]

45c and .
The planned upgrade to the Mineral Resource estimate is now underway ahead of further metallurgical test-work and economic evaluation.”

And up ....... to 40c

Sarytogan Graphite Ltd (ASX:SGA) is kicking off pre-feasibility studies at its namesake graphite deposit in Central Kazakhstan after a resource upgrade saw more than half of the company's mineral resource elevated to the indicated classification, which will be a major input in the study.

The indicated classification of 126 million tonnes at 28.8 total graphitic carbon (TGC) for 36 million tonnes of contained graphite is a recognition of the progress made on de-risking the modifying factors including metallurgy and marketing.
During the upgrade, Sarytogan calculated a 10% increase in contained graphite to 229 million tonnes at 28.9 TGC for 66 million tonnes, affirming the project’s multi-generational potential.

The indicated mineral resource is the first step towards a major input into the pre-feasibility study that Sarytogan is now commencing.

Sarytogan managing director Sean Gregory said: “The Sarytogan Graphite Project’s status as a giant and exceptionally high-grade graphite mineral resource has been confirmed with this upgrade.
“The achievement of the indicated classification is highly significant as it is a recognition of the progress made in de-risking the modifying factors including the metallurgy and marketing. “The MRE is a major input and the first step in our pre-feasibility study now commencing.”

Forward plan
Sarytogan has initiated bulk-scale test work at German laboratories to deliver larger flotation concentrates in the June quarter.

In addition, spheroidisation will happen in the September quarter and battery performance tests in the December quarter.

Furthermore, a tender is in the market to appoint an appropriately qualified and experienced global engineering house for the pre-feasibility study.

...long way to go.

 

[Dona Ferentes]

Mmm

.
Shape shifter

 

[Dona Ferentes]

and another 25 per cent rise... but from a lower base.

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First spheroidized graphite from the Sarytogan Graphite Deposit in Central Kazakhstan has been produced.

Highlights
• High combined spheroidization yield of 54% achieved ideal D50 sphere sizes of 32, 18, and 12 μm after classification with high tap densities ranging from 0.91 to 0.99 g/cm3.
• All flowsheet elements now demonstrated for production of Uncoated Spherical Purified Graphite and Ultra-High Purity Fines.
• Both the USPG and UHPF products to now be tested in advanced battery applications.
• The PFS is advancing and is scheduled for completion no later than Q3 2024.

 

[Dona Ferentes]

Quarterly out
$4.8million in cash

Highlights
• Comprehensive metallurgical testwork has demonstrated positive results to produce Uncoated Spherical Purified Graphite and Ultra-High Purity Fines.
o 20kg of Bulk flotation concentrate produced.
o 99.998% TGC graphite purity achieved by thermal purification.
o High spheroidization yield of 54% achieved ideal D50 sphere sizes of 32, 18, and 12 μm after classification with high tap densities ranging from 0.91 to 0.99 g/cm.
• Both the USPG and UHPF products to now be tested in advanced battery applications.
• The PFS is advancing and is scheduled for completion no later than Q3 2024.

NH

 

[Dona Ferentes]

...cash for the Tranche 1 equity investment has been received from the European Bank for Reconstruction and Development (the EBRD).

A$2,641,210 cash has been received in Australia and the share registry has been instructed to issue 16,507,563 shares to the EBRD. EBRD will now hold 9.99% of the issued capital of the Company.

This equity investment has been completed at a price of A$0.16 per share as previously agreed. This is more than a 100% premium to the intra-day trading yesterday below A$0.08.

Tranche 2 will be for a further equity investment to bring the total to A$5,000,000 and 31,250,000 shares at the agreed price of $0.16 for 17.36% of the issued capital in Sarytogan. This is subject to customary conditions precedent including approval from Australia’s Foreign Investment Review Board (FIRB). Tranche 2 is anticipated to be completed well ahead of the long-stop date agreed with the EBRD of 8 February 2025.