How Sarytogan’s $3.6M Boost Fuels High-Grade Graphite and Copper Push

Graphite Exploration Advances

Sarytogan Graphite Limited has made significant strides in its graphite project during the September quarter. The company received the first batch of assays from 20 holes drilled in its Central Graphite Zone, all confirming high-grade graphite mineralisation. Notably, one hole returned an impressive 49.1 metres at 30.8% Total Graphitic Carbon (TGC), including intervals exceeding 40% TGC. This reinforces the quality of the deposit underpinning the company’s long-term mining plans.

In parallel, approximately 700 kilograms of milled ore from the trial mine were shipped to Australia for bulk flotation testing. This larger-scale sample aims to generate concentrates for vendor test-work and crucially, customer qualification, a key step towards commercialisation.

Definitive Feasibility Study Contracts Awarded

Following extensive data collection and engineering surveys on site, Sarytogan has awarded its Definitive Feasibility Study (DFS) contracts to two global engineering leaders, Wood Group for processing and infrastructure, and WSP for updating mineral resources and ore reserves. These appointments mark a pivotal phase, enabling the company to target DFS completion by mid-2026 and set the stage for construction in 2027.

Copper Exploration Progress at Baynazar

On the copper front, the Baynazar project saw 1,730 metres of KGK drilling completed to test beneath surface cover and weathered rock. Assay results are awaited, but trenching at the Ilkin prospect has already revealed an extended high-grade copper intercept of 270 metres at 0.13% copper, including a core zone grading 0.31%. The company also secured an additional tenement to cover the western extension of the magnetic anomaly, expanding its exploration footprint.

Corporate and Financial Developments

Financially, Sarytogan secured a A$3.6 million private placement with Kazakh investor Dias Sarsenov, whose family controls a major regional rail logistics business. This strategic investor’s involvement is expected to support both funding and operational logistics. The placement is progressing through Kazakh regulatory approvals, with a US$1 million loan tranche already advanced to facilitate timely DFS contract awards. The European Bank for Reconstruction and Development (EBRD) has been invited to maintain its 17.3% stake through a top-up placement, potentially adding further capital.

The company ended the quarter with A$1 million in cash and continues to manage expenditures prudently, focusing on advancing its DFS and exploration programs. Additionally, the transition of Technical Director Dr Waldemar Mueller to a Non-Executive Director role reflects ongoing corporate governance evolution.

Outlook

With high-grade assay results confirming resource quality, key engineering contracts in place, and fresh capital secured, Sarytogan is well-positioned to accelerate its development timeline. The coming months will be critical as the DFS progresses and copper assay results emerge, potentially unlocking further value from its diversified mineral portfolio.