Sarytogan Graphite Limited (ASX: SGA) has obtained significant extensions to the mineralisation at the Sarytogan Graphite Deposit in Central Kazakhstan.
Highlights
• Thick high-grade graphite intercepts returned outside of the existing 209Mt @ 28.5% TGC Inferred Mineral Resource. Significant intercepts above 25% TGC include:
o 75.1m @ 34.6% TGC from 2.0m incl. 51.1m @ 36.8% in ST-85 o 47.4m @ 33.4% TGC from surface incl. 14.3m @ 37.7%; and 21.3m @ 31.7% from 57.4m incl. 13.7 @ 38.0% in ST-87 o 22.8m @ 26.8% TGC from 2.0m incl. 5.3m @ 39.2% and 10.1m @ 30.6% from 34.3m in ST-84
• Mineralisation now extended beyond the existing Mineral Resource up to:
o 1,000m south-west of the Northern Graphite Zone (NGZ) o 800m south-east of the NGZ
o 150m north of the NGZ
o 300m north of the Central Graphite Zone (CGZ)
• 2022 drilling programme now complete with 46 holes drilled for 3,044.6m.
• Further results expected from the CGZ ahead of a Mineral Resource Upgrade in Q1 2023 targeting Indicated classification to inform economic studies.
“The 2022 drilling programme has been completed on schedule and on budget without incident which is testament to the capability of our established in-country team and their long-standing relationships with the local contractors and community,” Managing Director, Sean Gregory, said.
“The known thick high-grade graphite mineralisation has now been extended up to 1km outside of the existing giant Mineral Resource. The results closely follow the breakthrough metallurgical results where we achieved 99.87% graphite purity. It truly is an exciting time for the development of Sarytogan with an upgraded Mineral Resource on track for Q1 2023 to inform economic studies.”
Drilling Results
The 2022 drilling programme is now complete with 46 HQ3 diamond drill holes drilled for 3044.6m.
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).
Next Steps
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 Q1 2023 to then inform the commencement of economic studies.
For further information please visit: https://sarytogangraphite.com.au/
