SRK: $4.4M cash $10M MC maiden Inferred Mineral Resource for its...

SRK:
$4.4M cash
$10M MC

maiden Inferred Mineral Resource for its Burke Graphite Project in Queensland (Project). CSA Global were engaged by Strike to complete a Mineral Resource Estimate (MRE) for the Project1:
➢ 6.3 million tonnes @ 16.0% Total Graphitic Carbon (TGC) for 1,000,000 tonnes of contained graphite;
➢ Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further.

Surely worth a bit more than $10M.