Aankondiging • May 01
Sarytogan Graphite Limited has completed a Follow-on Equity Offering in the amount of AUD 1.396581 million. Sarytogan Graphite Limited has completed a Follow-on Equity Offering in the amount of AUD 1.396581 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,457,264
Price\Range: AUD 0.08
Transaction Features: Subsequent Direct Listing New Risk • Mar 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$22.2m market cap, or US$15.6m). New Risk • Dec 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$20.1m market cap, or US$13.3m). Aankondiging • Dec 03
Sarytogan Graphite Limited has completed a Follow-on Equity Offering in the amount of AUD 1.8 million. Sarytogan Graphite Limited has completed a Follow-on Equity Offering in the amount of AUD 1.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 26
Sarytogan Graphite Limited has filed a Follow-on Equity Offering in the amount of AUD 1.8 million. Sarytogan Graphite Limited has filed a Follow-on Equity Offering in the amount of AUD 1.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 06
Sarytogan Graphite Limited has filed a Follow-on Equity Offering in the amount of AUD 1.396581 million. Sarytogan Graphite Limited has filed a Follow-on Equity Offering in the amount of AUD 1.396581 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,457,264
Price\Range: AUD 0.08
Transaction Features: Subsequent Direct Listing Aankondiging • Sep 08
Sarytogan Graphite Limited, Annual General Meeting, Nov 13, 2025 Sarytogan Graphite Limited, Annual General Meeting, Nov 13, 2025. Aankondiging • Aug 19
Sarytogan Graphite Limited has filed a Follow-on Equity Offering in the amount of AUD 4.372405 million. Sarytogan Graphite Limited has filed a Follow-on Equity Offering in the amount of AUD 4.372405 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,217,557
Price\Range: AUD 0.08
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,437,500
Price\Range: AUD 0.08
Transaction Features: Subsequent Direct Listing Aankondiging • Jun 20
Sarytogan Graphite Limited Announces Transition of Waldemar Mueller to A Non-Executive Director, Effective July 1, 2025 Sarytogan Graphite Limited announced that Technical Director Dr Waldemar Mueller will transition to a Non-Executive Director role on July 1, 2025. Dr Mueller is the Company's founder and major shareholder, having pegged the Sarytogan Graphite Project in 2018 and stewarding it through the 2022 IPO and 2024 Pre-Feasibility Study. Succession planning, that has been part of the Board's strategy since 2022, will ensure that the Company's project development activities are unaffected. Managing Director Sean Gregory is ably supported by a team of professionals in Australia and Kazakhstan. This includes Russian speaking, Australian based CFO, Sarkis Akopov, and Kazakh based, English speaking Project Manager Arkadiy Ligay. These two key staff ensure seamless communication with other senior Kazakh staff Irma Nuss and Maxim Evdakov. New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$9.25m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Apr 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.24m market cap, or US$4.60m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Aankondiging • Apr 08
Sarytogan Graphite Limited Provides Update on Pilot Milling Tests At Sarytogan Graphite Project Sarytogan Graphite Limited provided an update on pilot milling tests at the Sarytogan Graphite Project in Kazakhstan. A 24 tonne trial mining exercise was completed at Sarytogan during in September 2024. The sample was free-dug with a back-hoe excavator from the Central Graphite Zone (CGZ) where Ore is exposed at surface and mining is scheduled to commence at very low strip ratios. The top 3m of the soil profile was temporarily cast aside and lumpy high-grade graphite was bagged for dispatch, before the pits were rehabilitated. Each 1 tonne bulk bag of Ore was grab sampled and assayed. Individual assays ranged from 27% to 41% Total Graphitic Carbon (TGC), averaging 33% TGC, consistent with the early years of the mine schedule. 8 tonnes were set aside as reserve and 16 tonnes were blended to provide feed for pilot scale milling tests. Testing was carried out at the KazHydroMed LLP laboratory in the city of Karaganda, which is the capital of the Karaganda region where the Sarytogan deposit is located. The laboratory is well equipped with bench and pilot scale test equipment and is operated by a team with excellent mineral processing capability. The tests were supervised from Australia by comminution expert Dean David (FAusIMM CP Metallurgy). The 16 tonne ore sample was crushed to -5 mm and homogenised. Grinding tests were performed in a 780 x 950 mm (internal dimensions) ball mill which was operated in closed circuit with a hydrocyclone. Steady state power measurements were made of the operating empty mill (no- load power) and during each milling trial. Products from each milling trial were collected and measured for size distribution. An initial testing program was carried out at 300, 500, 700 and 800 kg/h of feed. Plotting these results allowed a pilot mill feed rate of 317kg/h to be chosen as optimal to achieve the target sizing of 95% finer than 106µm. The pilot mill was then run at the selected rate of 317 kg/h and, again, measurements of power and product size were made. The results from this trial were taken as definitive for the test sample and used to calculate the Operating Work Index (OWI) of the ore. For Sarytogan Ore, the OWI achieved in this pilot mill setup is a much more reliable measure of comparative ore hardness (grindability) than can be achieved by the generally accepted practice of conducting Bond Ball Mill Work Index (BBWi) testing. The unreliability of the standard test is due to dry milling behaviour of graphite, where it thickly coats the surface of the grinding media, and the use of screening during the test. Pilot testing is performed using wet milling in combination with a hydrocyclone to classify the product, rather than a screen. Hydrocyclone classification is proposed for the PFS design. The OWI value calculated for the ore, grinding to 95% -106 µm (and a P80 of 52 µm), was 6.05 kWh/t. This result confirms that the ore is very soft and is much softer than all previous assumptions. In the Prefeasibility Study (PFS) the installed power of the ball mill in the capital expenditure estimate is 500 kW and, in a separate calculation related to a lower selected grinding work index, the required pinion power (or net power) is 233 kW. This 317 kg/h test result suggests that a much smaller ball mill should be selected with an installed motor power of about 175 kW and a net power of 150 kW. These are reductions of 65% and 36% respectively compared to the PFS. The soft nature of the ore also lends itself to reconsideration of the selected crushers. The ore does not require the jaw and cone crushers that have been selected for the PFS and these can be replaced with appropriate light duty units, such as toothed roll crushers. In addition to these quantifiable benefits, there are other significant qualitative benefits, including reduced maintenance, lower risk associated with achieving the planned grinding circuit utilisation, and feed preparation that is performed using optimal equipment which will enhance downstream performance. Approximately 700 kg of the milled ore will now be shipped to Australia for generation of additional bulk flotation concentrate, much like the 60kg previously treated to produce 20kg, except at a larger scale. After flotation testwork is complete, final concentrate samples will be available in the first instance for vendor test-work with machines designed for thermal purification, size classification, and spheronisation. Secondly and most importantly, the samples will be available for customer qualification. Aankondiging • Apr 03
Sarytogan Graphite Limited Appoints Martyn Buttenshaw as Non-Executive Director Sarytogan Graphite Limited advised that Mr. Martyn Buttenshaw has been appointed as Non-Executive Director. Mr. Buttenshaw was nominated for the position by the European Bank for Reconstruction and Development (EBRD) who retain the right to nominate a Board Director for as long as their shareholding remain above 10%. He is an experienced mining executive based in Switzerland. He is presently a Director with NASDAQ listed Stardust Power Inc. and TSX-V listed Ranchero Gold Corp. and has previously served as Director for listed companies Atacama Copper Ltd. (TSX-V), Kasbah Resources Ltd. (ASX), Asian Mineral Resources (TSX-V), and Sierra Rutile Ltd. (AIM).
Following an early career as a Mining Engineer with Rio Tino, Anglo American and others, Mr. Buttenshaw joined Swiss based mining focused investment company Pala Investments Ltd. for 10 years, rising to the position of Managing Director. He was then Managing Director and Operating Partner with New York based Antarctica Capital LLC. He holds an MBA from London Business School, a Masters in Mining Engineering from the Imperial College London, is a Chartered Engineer with the Engineering Council, and is a Member of the Institute of Materials, Minerals, and Mining. Aankondiging • Feb 11
Sarytogan Graphite Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Sarytogan Graphite Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,507,565
Price\Range: AUD 0.16
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,742,435
Price\Range: AUD 0.16
Transaction Features: Subsequent Direct Listing New Risk • Jan 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.5m market cap, or US$6.49m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Aankondiging • Nov 29
Sarytogan Graphite Limited Announces Resignation of Brendan Borg as Non-Executive Director, Effective 30 November 2024 Sarytogan Graphite Limited announced that Non-Executive Director Brendan Borg has submitted his resignation as a director effective 30 November 2024 to focus on other business interests. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$13.4m market cap, or US$9.28m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (AU$760k sold). Aankondiging • Sep 09
Sarytogan Graphite Limited, Annual General Meeting, Nov 25, 2024 Sarytogan Graphite Limited, Annual General Meeting, Nov 25, 2024. New Risk • Sep 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.6m market cap, or US$9.79m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Mar 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.0m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$34.1m market cap, or US$22.4m). New Risk • Mar 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.9m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$33.2m market cap, or US$21.6m). New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.9m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$31.0m market cap, or US$19.6m). New Risk • Oct 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.9m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$26.6m market cap, or US$16.8m). Aankondiging • Sep 06
Sarytogan Graphite Limited, Annual General Meeting, Nov 21, 2023 Sarytogan Graphite Limited, Annual General Meeting, Nov 21, 2023. Agenda: To consider election of directors. Aankondiging • Jan 17
Sarytogan Graphite Limited Announces Final Round of Drilling Results from the 2022 Drilling Campaign At the Sarytogan Graphite Deposit in Central Kazakhstan Sarytogan Graphite Limited announced final round of drilling results from the 2022 drilling campaign at the Sarytogan Graphite Deposit in Central Kazakhstan. All assays from 2022 drilling program now received. Significant graphite intercepts above 25% Total Graphitic Carbon returned around the margins of the Central Graphite Zone within the existing 209Mt @ 28.5% TGC Inferred Mineral Resource include1: 13.3m @ 33.6% TGC from surface incl. 4.4m @ 37.9% in St-94 5.5m @ 29.3% TGC from 1.3m and 69.1m @ 25.3% from 12.3m incl. 7.1m @ 39.5% and incl. 4.0 @ 36.5% and 13.6m @ 21.3% from 91.6m in St-97 22.9m @ 31.2% TGC from surface incl. 6.0m @ 36.3% in St-98 Near surface high-grade graphite confirmed with close spaced drilling in the Northern Graphite Zone returning the following intersections: 26.8m @ 30.4% TGC from surface ending in mineralisation in St-99 47.6m @ 31.3% TGC from surface incl. 13.9m @ 40.2% and incl. 6.8m @ 37.0% in St-100 Mineral Resource upgrade due in First Quarter 2023 focussing on estimating a proportion of Indicated resources as well as increasing the total tonnage. Central Graphite Zone Results All assays for the 46 HQ3 diamond drill holes drilled for 3044.6m from the 2022 drilling program have now been received. Holes St-92 to St-98 are situated around the margins of the CGZ and complete drilling coverage at a nominal 200m x 100m across the CGZ. Northern Graphite Zone Results Two additional holes (St-99 and St-100) were drilled in the NGZ, which already has many areas drilled at a nominal 100 x 50m spacing. The holes were drilled in an area of the deposit which preliminary whittle optimisations of the existing 209Mt @ 28.5% TGC Inferred Mineral Resource1 have identified as an area or particularly high-grade near-surface mineralisation. These high- grade zones could well be the focus of initial mining operations. The high-grade near-surface nature of the mineralisation was confirmed with results of 26.8m @ 30.4% TGC from surface ending in mineralisation in St-99 and 47.6m @ 31.3% TGC from surface incl. 13.9m @ 40.2% and incl. 6.8m @ 37.0% in St-100. Next Steps for the Sarytogan Graphite Project Optimisation work at both Australian and German laboratories is ongoing following on from excellent early results from 2022 that returned up to 99.87% TGC purity2. A Mineral Resource upgrade, focussing on estimating a proportion of Indicated resources as well as increasing the total tonnage, is now underway ahead of further metallurgical test-work and economic evaluation. Board Change • Dec 11
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Brendan Borg is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 10
Sarytogan Graphite Limited Reports Significant Extensions to the Mineralisation At the Sarytogan Graphite Deposit in Central Kazakhstan Sarytogan Graphite Limited reported significant extensions to the mineralisation at the Sarytogan Graphite Deposit in Central Kazakhstan. The 2022 drilling program is now complete with 46 HQ3 diamond drill holes drilled for3044.6m. Thick high-grade graphite mineralisation has now been intercepted beyond the 209Mt @ 28.5% Total Graphitic Carbon (TGC) Inferred Mineral Resource: 1000m south-west of the Northern Graphite Zone (NGZ), 800m south-east of the NGZ, 150m north of the NGZ and 300m north of the Central Graphite Zone (CGZ). One final batch of drilling results are expected from the CGZ in January 2023. Further optimisation of the already exceptional early metallurgical results where purity of 99.87% TGC was achieved2 is continuing at labs in Australia and Germany. A Mineral Resource upgrade, targeting the Indicated classification, is on track for First Quarter 2023 to then inform the commencement of economic studies. Aankondiging • Dec 06
Sarytogan Graphite Limited Reports Breakthrough in the Metallurgical Test Work for the Sarytogan Graphite Deposit in Central Kazakhstan Sarytogan Graphite Limited reported a breakthrough in the metallurgical test work for the Sarytogan Graphite Deposit in Central Kazakhstan. Its German laboratory partners Pro-Graphite GmbH (Pro-Graphite) has reported metallurgical test work results for the Sarytogan Graphite Project. A composite sample was blended from samples collected from six diamond drill holes; three from the Northern Graphite Zone and three from the Central Graphite Zone of the Sarytogan Graphite Deposit. The composite sample was subjected to the same flotation and grinding steps as used by Independent Metallurgical Operations Pty Ltd. (IMO) in Perth which achieved a premium micro-crystalline sizing of approximately 10 micron. The graphite purity achieved at this stage by Pro-Graphite was similar to IMO at 84% TGC, with a slight improvement due to the measurement method only. The flotation concentrate was then upgraded by alkaline roasting at low-temperature with caustic soda and a weak sulphuric acid wash. A graphite purity of 99.70% TGC was achieved at this step, which is a significant improvement on the 92.1% TGC previously achieved by alkaline roasting. Separately, the flotation concentrate was upgraded by chemical purification (without the alkali roasting step), also to 99.70% TGC. Despite the identical purity results achieved by alkaline purification and chemical purification separately, the different methods target different diluent minerals more effectively. Combining both methods in series has been even more effective with 99.87% TGC achieved so far. These results are another step towards Sarytogan's strategy to target the rapidly growing battery anode materials market. The product to support this strategy will be Uncoated Spherical Graphite (USpG). USpG presently trades at more than USD 3,000/t, which is approximately triple the price of traditional flake graphite products. To achieve the specification of 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. IMO are continuing to optimise the flotation process, experimenting with different grind methods and sizes, desliming, and alternative reagents all aimed at designing the most economic method to generate flotation concentrate at similar purities to that already achieved. Pro-Graphite continue to optimise the purification process. The residue from these tests is being assayed to assess its mineralogy and devise further process improvements, such as alternative acids, aimed at achieving even high purities. Pro-Graphite are also planning initial spheroidization tests to determine the product yield and physical properties of Sarytogan USpG. This will require additional flotation concentrate to be manufactured, a requirement that is expected to grow as the project advances and for future customer samples. To get ahead of this demand, Sarytogan is in discussions with several laboratories to upscale the production of flotation concentrate. The HQ drilling program on site has now been efficiently and safely completed. Further drilling results announcements are planned as assays become available. The planned Mineral Resource upgrade targeting Indicated classification is on track for first quarter 2023. Aankondiging • Nov 09
Sarytogan Graphite Limited Announces High Grade Drill Results from the Central Graphite Zone Sarytogan Graphite Limited reported further high-grade drilling results from the company Deposit in Central Kazakhstan. Highlights: Thick high-grade graphite intercepts returned in fourteen diamond drill holes from the Central Graphite Zone (CGZ) in a previously sparsely drilled area of the 209Mt at 28.5% TGC Inferred Mineral Resource. Significant intercepts 30% TGC or thicker than 60m include: 22.9m at 30.1% TGC from 16.2m incl. 5.1m at 35.5% in ST-73; 25.1m at 34.0% TGC from 17.9m incl. 17.9m at 37.1% in ST-74; 69.6m at 25.5% TGC from 20.2m incl. 4.7m at 37.7% in ST-77; 15.9m at 32.1% TGC from surface incl. 10.0m at 38.1% in ST-78; 25.4m at 33.2% TGC from surface incl. 5.0m at 36.6% and incl. 16.3m at 36.4% in ST-79; 26.4m at 34.2% TGC from surface incl. 12.4m at 37.8% and incl. 11.4m at 35.3% in ST-82A; 20.1m at 33.4% TGC from surface incl. 8.4m at 36.4% and incl. 9.2m at 36.5% in ST-82; 74.1m at 29.1% TGC from surface incl. 13.6m at 36.3% ST-83. The results are typically higher-grade than the Mineral Resource as hypothesized by the observation of stronger metamorphism in this area. Drilling is on track to be completed later this month to enable an updated Mineral Resource Estimate in first quarter 2023. Metallurgical test work optimisation is continuing at labs in Australia and Germany. Aankondiging • Oct 12
Sarytogan Graphite Limited Provide Update on Metallurgical Test Work for Sarytogan Graphite Deposit in Central Kazakhstan Sarytogan Graphite Limited provided an update on metallurgical test work for the Sarytogan Graphite Deposit in Central Kazakhstan. The company’s Australian laboratory partners Independent Metallurgical Operations Pty Ltd. (IMO) is progressing metallurgical test work at Metallurgy Pty Ltd. mineral processing laboratory in Perth, Western Australia. A master composite sample was blended from samples collected from 6 diamond drill holes across the Northern Graphite Zone of the Sarytogan Graphite Deposit. Through multiple flotation and grinding stages, the sample was upgraded to 81.3% Total Graphitic Carbon (TGC) with 88% recovery. The flotation concentrate was then further upgraded with a low-temperature caustic-roast, a weak sulphuric acid wash and a final calcine step to 92.1% TGC purity at a recovery of 80%. The cumulative recovery of both process steps currently stands at 70%. The remaining diluent is almost exclusively silica; 7.3% silica, 0.6% other. This indicates that the alumino-silicate minerals such as andalusite and muscovite have been effectively leached. It provides a focus for the next step of optimisation of the caustic roast conditions to target the remaining quartz. This may include moderate temperatures for shorter duration. Sarytogan is confident that further optimisation will yield positive results as historical test work achieved 98.6% graphite purity via a similar flowsheet consisting of flotation, sintering, and leaching with weak 5% sulphuric acid. The premium fine sizing of the Sarytogan graphite supports a preferred pathway towards high- value spherical graphite products for the lithium-ion battery market. 96% of the concentrate from these initial tests passes a 20 micron wet screen and visual inspection of Scanning Electron Microscope (SEM) images indicates the modal size is below 10 microns. Whilst the 20th century graphite market was focused on flake size, the new paradigm for premium pricing is for finer spherical graphite products that are required for lithium-ion batteries. For example, 90-93% carbon at a small flake size of minus150 micron attracts US$598/t and 94-95% carbon at a large flake size of plus 180 micron attracts US$1,190/t (Source: Benchmark Mineral Intelligence, September 2022). 21st century graphite market growth is being led by the lithium-ion battery sector which is set to become the largest graphite market within a few years. In this market, it is the finer-sized value- added spherical graphite products at a 99.95% carbon specification that attract even higher prices. For example, uncoated spherical graphite at a size of 20 micron attracts US$2,920/t and the finer 10-micron uncoated spherical graphite attracts a premium US$3,330/t. Further work is required on the Sarytogan graphite samples to demonstrate spheroidization and thermal or chemical purification to the required 99.95% carbon specification. Sarytogan notes that several larger ASX listed graphite companies are also pursuing a value- adding fine spherical graphite product strategy including Talga Resources Ltd. and Renascor Resources Ltd. Both these companies have more advanced projects having completed Definitive Feasibility Studies on Measured and Indicated Mineral Resources. Sarytogan is looking to be a "fast follower" of this strategy. Sarytogan also has the potential to make flake graphite products as ribbons of graphite are commonly observed in thin sections. The flotation test work to date has focused on grinding to finer sizes to liberate the minerals in pursuit of higher levels of graphite purity. This approach will be further tested with German laboratory partners. Aankondiging • Sep 19
Sarytogan Graphite Limited Reports Further Drilling Results from the Sarytogan Graphite Deposit in Central Kazakhstan Sarytogan Graphite Limited reported further drilling results from the Sarytogan Graphite Deposit in Central Kazakhstan. Drilling Results Outside of the Mineral Resource Estimate Area: Drilling has now successfully targeted the granite-graphite contact zone observed in outcrop to the north-east of the established Mineral Resource Estimate of the CGZ. This graniteintrusion is understood to be the heat source for the contact metamorphism that enriched the graphitic shales to graphite mineralisation. Surprisingly, the graphite mineralisation encountered here extended to depths of greater than 200m. As these results extend up 300m north of the previous known extent of the mineralisation and with the significant depths encountered, they have the potential to extend the already giant Inferred Mineral Resource of 209Mt @ 28.5% TGC. Further High-Grade Results from the Central Graphite Zone: Assays have been received for St-67 and St-68 within the CGZ and build on excellent results announced to the ASX on 15th August 2022. St-67 and St-68 both returned thick high-grade intercepts. An exceptional individual assay result of 2m @ 53.9% TGC within a broader intercept of 21.6m @ 35.6% TGC in ST-67 indicates the potential for extremely-high-grade mineralisation to occur in future drilling discoveries at the Sarytogan Graphite Deposit. Pending Results and Further Drilling: CGZ Metamorphism: Assays are pending from completed drill holes in the south of the CGZ. Identification of more intense contact metamorphism in this area, as evidenced by the presence of muscovite, sericite, tourmaline, and turquoise minerals in outcrop, suggests the potential for well-developed graphite mineralisation in this area. CGZ Infill drilling: 200m spaced drill lines are planned across the remainder of the CGZ. NGZ Extensional drilling: 5 drill holes are planned to extend the NGZ both to the south and north. Next Steps for the Sarytogan Graphite Project: Drilling: The addition of the second diamond drill rig has seen productivity improvements on site and the drilling program is forecast to be completed by November 2022. This will enable the Mineral Resource Estimate to be updated in First Quarter 2023, targeting some areas for reporting at the higher Indicated Mineral Resource classification. Metallurgy: Metallurgical test-work including floatation, sintering/roasting, and leaching has commenced at laboratories in Australia and Germany aimed at replicating the historical results where purities of up to 98.6% have been reported. About Sarytogan: The Sarytogan Graphite Deposit is located in the Karaganda region of Central Kazakhstan. It is 190km by highway from the industrial city of Karaganda, the 4th largest city in Kazakhstan. Previous Exploration: The Sarytogan Graphite Deposit was first explored during the Soviet era in the 1980s with sampling by trenching and diamond drilling. Metallurgical test work utilising floatation, sintering, and leaching successfully produced graphite concentrate of up to 98.6% purity (reported in the 23 February 2022 Prospectus). Further testing is planned and underway to validate these historical results. Diamond drilling and surface sampling resumed after a 30-year hiatus in 2019 that enabled the estimation of an Inferred Mineral Resource of 209Mt @ 28.5% TGC for 60Mt contained graphite by CSA Global. Aankondiging • Sep 07
Sarytogan Graphite Limited Announces Drilling Ramps Up with Second Rig Sarytogan Graphite Limited provided the following update: Second drill rig added to accelerate program after exceptional early results. The second of several batches of assay results is expected within the month and will include results from drilling outside of current Mineral Resource footprint. Sarytogan reported that drilling operations have been accelerated with the arrival of a second diamond drill rig on site at the Sarytogan Graphite Deposit in Central Kazakhstan. The addition of the second drill rig will ensure that the objectives of the current drill program, as articulated in the ASX Announcement of 25 July 2022, are met within the current calendar year. All results will continue to be released to the ASX in regular batches as they become available, with the first batch of outstanding drilling results from the Central Graphite Zone reported to the ASX on 15 August 2022. The second batch of results is expected within the month and will include drilling conducted outside of the current Mineral Resource footprint, which, if successful, could contribute to a meaningful resource upgrade. The Sarytogan Graphite Deposit was first explored during the Soviet era in the 1980s with sampling by trenching and diamond drilling. Metallurgical testwork successfully produced graphite concentrate (reported in the 23 February 2022 Prospectus posted on the ASX on 14 July 2022). Further metallurgical testing is underway to validate these historical results. Diamond drilling and surface sampling resumed after a 30-year hiatus in 2019 that enabled the estimation of an Inferred Mineral Resource of 209Mt @ 28.5% TGC for 60Mt contained graphite by CSA Global (Table 1). Aankondiging • Aug 15
Sarytogan Graphite Limited Reports the First Round of Drilling Results from the Sarytogan Graphite Deposit in Central Kazakhstan Sarytogan Graphite Limited reported the first round of drilling results from the Sarytogan Graphite Deposit in Central Kazakhstan. Thick high-grade graphite intercepts from the first 7 diamond drill holes from the Central Graphite Zone include: 62.0m @ 27.5% TGC from surface incl. 5.7m @ 40.1% TGC in ST-60. 30.5m @ 34.1% TGC from surface incl. 20.0m @ 36.0% TGC, and 68.7m @ 27.5% TGC from 34.7m incl. 4.0m @ 39.0% TGC, and 10.4m @ 17.5%TGC from 109.1m in ST-61. 77.5m @ 28.8% TGC from 5.2m incl. 4.0m @ 41.5%TGC in ST-63. 25.7m @ 28.1% TGC from 18.2m, and 38.5m @ 31.7% TGC from 67.5m incl. 18.2m @ 41.0% TGC, and 7.2m @ 19.9% TGC from 114.2m in ST-64. 7.3m @ 27.5% TGC from surface, and 20.9m @ 16.5% TGC from 13.1 m, and 20.5m @ 27.6% TGC from 59.5 incl. 7.5m @ 36.5% TGC in ST-66. Multiple thicker and higher-grade results than the historical information used to estimate the Mineral Resource in the same area. Drilling is continuing to the north-east of the Central Graphite Zone, outside of the current 209Mt @ 28.5% TGC Inferred Mineral Resource. 13 holes for 1,297m have been drilled to date (6 holes pending assays) from an ongoing program of 4,000m. Next steps include ongoing diamond drilling, metallurgical test-work and a revised Mineral Resource in first quarter of 2023. Aankondiging • Jul 25
Sarytogan Graphite Limited Announces Drilling Well Advanced at Large High-Grade Graphite Deposit Sarytogan Graphite Limited advised that diamond drilling is well advanced at the Sarytogan Graphite Deposit in Central Kazakhstan. Highlights: Established JORC Inferred Mineral Resource of 209Mt @ 28.5% total graphitic carbon (TGC) for 60Mt contained graphite. Sub-soil usage contract extended for 3 years. 4,000m of HQ Diamond Drilling well advanced with the following objectives: Provide drilling coverage across the Central Graphite Zone o Test zones extending outside of the current Mineral Resource. Provide further samples for metallurgical testing. Upgrade Mineral Resource upgrade to Indicated classification. As of 22 July 2022, 11 holes for 1,019m have been completed. First assay results expected later in the current quarter. Location and Sub-Soil Contract Extension The Sarytogan Graphite Deposit is located in the Karaganda region of Central Kazakhstan. It is 190km by highway from the industrial city of Karaganda, the 4th city in Kazakhstan. The 2018 Sub-soil usage contract with Kazakhstan's Ministry for Infrastructure, Industry and Resources grants Sarytogan's 100% owned subsidiary Ushtogan LLP exploration rights over the 70km 2 project area. This was recently extended in June 2022 for a further 3 years to June 2025. Previous Exploration The Sarytogan Graphite Deposit was first explored during Soviet times in the 1980s with sampling by trenching and diamond drilling. Metallurgical testwork at that time successfully produced graphite concentrate using two separate potential processing options. Firstly, sintering of raw ore followed by leaching with 5% sulphuric acid yielding graphite with 91.3% carbon at 90.5% recovery. A secondary method utilised flotation, then sintering and leaching with 5% sulphuric acid yielding graphite with 98.6% carbon. Further testing is planned and underway to validate these historical results. Diamond drilling and surface sampling resumed after a 30-year hiatus in 2019 to bring the total drilling at that time to 29 diamond drill holes and enable the estimation of an Inferred Mineral Resource of 209Mt @ 28.5% TGC for 60Mt contained graphite by CSA Global. 2022 Drilling Objectives The 2022 drilling program is budgeted for 4,000m of HQ diamond drill cores. As of 22 July 2022, approximately 11 holes for 1,019m have been completed. Drilling coverage will be extended across the Central Graphite Zone, which has previously been mostly informed by samples from surface trenching and limited drilling. Drillholes have been planned on 400m spaced lines with 100m centres. The drillhole locations will be refined by the results of test pitting and sampling completed in areas of outcropping mineralisation across the Central Graphite Zone. To select the better areas of the deposit for initial mining, it is important to have diamond drill coverage across all mineralised areas and to ensure that the drilling coverage extends to areas where the geological model is for coarser flakes to occur. For example, east of the Central Graphite Zone, the contact between a granite dome and the graphite mineralisation has been observed in outcrop. The granite dome is interpreted to be the heat source for the contact metamorphism that enriched the graphite mineralisation. The contact zone is hypothesised to be a candidate for higher grade and coarser graphite mineralisation to occur. This area is outside of the present extent of the Mineral Resource. All drilling is diamond drilling of HQ (63mm) size to collect the best possible samples to assess the physical properties of the mineralisation through logging, petrographic analysis of thin sections, and metallurgical testwork. The drill spacing is expected to be sufficient to upgrade of the Mineral Resource to Indicated classification in places, subject to the results of metallurgical testwork. Next Steps The results of the drilling program will be released progressively in batches as they become available. The first batch is expected later in the current quarter. Metallurgical testwork is underway and ongoing. A Mineral Resource update, targeting Indicated classification, is planned to follow the 2022 drilling campaign. Aankondiging • Jul 15
Sarytogan Graphite Limited has completed an IPO in the amount of AUD 8.5 million. Sarytogan Graphite Limited has completed an IPO in the amount of AUD 8.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,500,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 