Ann: December Quarterly Activities and Cashflow R, page-3

re: Ann: December Quarterly Activities and Ca... For any SYR holder, it's been a pleasure to watch the statements from the company become steadily more direct and clear-cut, and to watch the size and quality of the deposit grow.

This quarterly continues the trend. Many of these points have been reported previously, but having them confirmed in a formal Quarterly Report adds another level of investor confidence.

A few key lines will show what I mean:

"Balama West is the largest known graphite deposit in the world" (Note: no if's, but's, or maybe's!)

"Balama West's vanadium resource exceeds that of the world's largest operating vanadium deposit"

"The Company is encouraged by field observations that Fungoni could host a high grade mineral sands deposit"

Required infrastructure for Balama (water, power, road transport access and port capacity) have all been confirmed in this report.

Not much has been said about the Tanzanian mineral sands prospects to date, but it is now clear that a lot has gone on behind the scenes. SYR have secured a large area under Prospecting Licence, performed a considerable amount of drill sampling, and the first assay results are "expected shortly".

No question about it. SYR is on track to become a substantial mining company, and a very profitable one, at that.

Cheers, Prime1