Sarytogan 100% focused on Five Nines Graphite

Sarytogan Graphite (ASX:SGA) reports that 2.2 kilograms of its ‘Five Nines Graphite’ produced up to 99.9992% carbon and is now more than 50 times purer than battery specification. 

The $28.06 million market capitalisation company notes that the critical specification for nuclear applications of boron content is ‘exceptionally low’ at 0.032 parts per million and a certified equivalent boron content (EBC) assay is being prepared. 

The sample awaiting assaying is an ‘important’ input into a Prefeasbility Study (PFS) that is on-track to be completed no later than Q3 2024. 

Sarytogan’s share price had also spiked 15.78% to $0.220 as of 11.15am AEDT today (5 March 2024). 

Managing Director Sean Gregory says Five Nines Graphite broadens the product offering from Saytogan, from industrial uses to advanced battery applications and now a range of nuclear uses. 

“Subject to certification and qualification, this product is expected to attract super-premium prices in the nuclear industry. 

The PFS is continuing to advance on schedule, and we expect to be able to quantify the economics associated with taking our giant and exceptionally high-grade deposit into the premium battery anode market and now super-premium nuclear industry market.”

Further, long-cycle battery testing is continuing of the batteries for which short-cycle testing was previously announced to the ASX on 8 February 2024. 

The company notes sarytogan coated spherical purified graphite (CSPG) is also being manufactured for battery testing. 

The global market for nuclear graphite is currently about 60,000 tonnes per annum and is set to grow with the renewed worldwide investment in nuclear power. 

Graphite used as nuclear moderators sell at prices ‘higher’ than US$25,000 per tonne. 

The companysays the addition of nuclear applications adds another layer of its product strategy to place as many units of carbon into as many markets as possible. 

Sarytogan Graphite is a graphite-focused explorer and wholly owns its namesake project in the Karaganda region of Central Kazakhstan. 

As of 31 December 2023, the company had $4.852 million cash and cash equivalents at hand, according to its latest quarterly report. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Sarytogan Graphite
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.