Ann: March Quarterly Activities and Cashflow Report, page-26

"Additionally, has anybody noticed that gaining offtakes early in the resource and economic evaluation stages doesn't make much difference to the market interest of the big boys?"

Astute observation mainholm. Quite simply the world is almost awash with graphite so any more that is found coupled with an off take agreement is now probably no more than a niche outcome. So what are we getting at Syrah? Pretty clear from the quarterly they are intent on making their resource asset into a real business with both unprocessed graphite and processed graphite in the form of spheroids and also for carburiser applications. Perhaps even anodes for alu production. If they get all this shall be quite nice work. And I don't doubt they will.

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