Sarytogan well positioned for upswing in graphite price
August 22, 2023 at 10:17 am
Share
(via NewsDirect)
Sarytogan Graphite Ltd (ASX:SGA) MD Sean Gregory tells Proactive it’s been a tough 2023 so far for ASX-listed graphite equities, however he explains why SGA is well positioned for when an upswing in the graphite price occurs. The majority of graphite supply currently is synthetic graphite from China which is being used to satisfy short-term demand for EV batteries but he says that type of graphite comes with significant environmental concerns. Sarytogan is developing the far greener natural graphite and is progressing studies and development plans for its flagship Sarytogan Graphite Deposit in central Kazakhstan.
Gregory said, “We are pleased to report that the critical step in Sarytogan’s metallurgical test work program is on track with the bulk flotation test now running in Perth that will continue for the rest of this quarter as planned.
"Lab partners across the globe are ready to receive their allocation of the concentrate for further purification, spheroidization and battery testing.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Sarytogan Graphite Limited is a mining exploration company. The Company's Sarytogan Graphite Project is situated in the Karaganda region of Central Kazakhstan and the exploration concession covers approximately 70 square kilometers (km2). It is located in the industrial mining area and is connected by highway to Karaganda City. The Sarytogan Graphite Project is prospective for graphite. The Sarytogan site is confined to the western and southwestern limbs of the Shiyozek fold, complicated by the large curved Sarytoganbai syncline which trends in northeast and east directions. The west limb of the Sarytoganbai syncline is composed of rhyolite porphyry tuffs and rhyolite porphyry containing interlayers of grit, sandstone, and limestone. The east limb of the Sarytoganbai syncline is characterized by sandstone, shale, siltstone, limestone, and calcareous sandstones that are exposed to the surface. The southwestern part of the site is composed of dark grey carbonaceous siltstones.
SARYTOGAN GRAPHITE LIMITED 
