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Ann: Battery Anode Material Project (USA) - Restart of Operations, page-31

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05/05/20

07:54

Post #: 44432683
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Originally posted by Malabra: ↑

AND HERE IT IS: GLAH Mal

BATTERY ANODE MATERIAL PROJECT (USA): RESTART OF OPERATIONS
Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) is pleased to announce restart of
operations at the Battery Anode Material (“BAM”) plant in Vidalia (Louisiana, USA), which was
temporarily suspended from 23 March 2020 following control measures implemented in Louisiana to
mitigate the spread of the COVID-19 virus.
Operating protocols have been designed to enable the safe restart of operations from 1 May 2020
(GMT-5). Upon commencement, minor repairs to the plant will be completed to enable final process
and product specification optimisation required to produce samples of anode precursor material
(purified spherical graphite) for qualification with potential customers.
Summary of value-add steps from natural graphite ore to Active Anode Material “AAM”
Dispatch of anode precursor material to potential customers for product qualification will be an
important milestone in the progression of Syrah’s strategy to establish a position as the only vertically
integrated supplier of natural graphite anode material outside of China.
Currently 100% of all anode precursor material into the lithium ion battery supply chain is
manufactured in China. Ex-China AAM producers in Korea and Japan are therefore wholly reliant on
China for supply of natural graphite anode precursor material. This in-turn means ex-China battery
cell manufacturers in Japan, Korea, the USA and Europe are therefore reliant on China for their
anode supply chains.
The reliance of the global battery supply chain on China for supply of critical lithium ion battery
materials was starkly evident in the early stages of the COVID 19 crisis. Although COVID 19
shutdowns were initially confined to China, they impacted the entire supply chain as 80%+ of world’s
auto supply chain is connected to China1
. Numerous Electric Vehicle manufacturers paused
production as early as February due to battery supply shortages2
.
Syrah aims to provide an alternate and complementary supply of anode material to existing China
supply to meet growing demand and to provide an option for geographic diversification for ex-China
1
https://home.kpmg/xx/en/blogs/home/posts/2020/03/covid-19-impact-on-the-automotive-sector.html
2
https://www.electrive.com/2020/02/10/lack-of-batteries-hinders-mercedes-and-halts-i-pace-production-at-jagauar/ anode supply chains.
Production of qualification samples of AAM is planned during H2 2020 via: installation of a pilot scale
coating plant and furnace at Vidalia; and, by toll treatment of precursor produced from Vidalia to AAM.
The Feasibility Study for the scale-up of the Vidalia facility post product qualification continued to
progress during the period of suspended operations.
This ASX release was authorised on behalf of the Syrah Board by
Shaun Verner, Managing Director.

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Indeed, a great move but I just hope SYR has the money and the time to pull this one off.

SYR Price at posting: 22.5¢ Sentiment: Hold Disclosure: Not Held
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Ann: Battery Anode Material Project (USA) - Restart of Operations, page-31

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