Sarytogan soon to schedule PFS completion

Sarytogan Graphite (ASX:SGA) has penned in the deadline for a Prefeasibility Study (PFS) at its namesake graphite project in Central Kazakhstan for no later than Q3 2024. 

The $25.85 million market capitalisation company says further reserve definition drilling of the initial mining areas at the Sarytogan Graphite Project is planned for the 2024 field season to fuel the PFS. 

Meanwhile, battery testing is continuing with Sarytogan’s American technology partner following the maiden battery results on Sarytogan uncoated spherical purified graphite (USPG) that delivered ‘superior’ performance to many Chinese synthetic graphites used in lithium-ion batteries. 

The additional activities have been lined up after the company announced today (26 February 2024) it has posted assays from 8 of last year’s geotechnical drillholes, which demonstrates ‘high-grade’ graphite in 92% of all 471.3m drilled. 

Results demonstrate a peak grade of 33.81% total graphite carbon (TGC). 

Sarytogan Graphite Managing Director Sean Gregory says: “These thick, high-grade results, in many cases over the entire length of 60m drillholes drilled into the proposed initial pit walls, highlight the low strip-ratio and exceptionally high-grade mineralisation available at Saryotgan. 

This is another important input to the PFS on track for completion no later than Q3 2024.” 

The Sarytogan Graphite deposit sits in the Karaganda region of Central Kazakhstan about 190km from the industrial city of Karaganda, the fourth largest city in the country. 

Sarytogan Graphite is the sole, 100% owner of the deposit through its wholly owned subsidiary Ushtogan.

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Images: Sarytogan Graphite
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.