ann out

? Diamond drill hole BMDD0001, the first hole in the Balama West
programme, averaged 10.1% Total Graphitic Carbon (TGC) and 0.12% Vanadium (V) over 287.5m
? A higher grade zone of 103m at 15.9% TGC and 0.24% V was intersected from 67m to 170m.
? Within this high grade zone is an outstanding zone of 60m at 19.9% TGC and 0.30% V
? Correlation of BMDD001 assays with overlying Trench 5 indicates the high grade zones from BMDD0001 extend to surface and confirm that large, shallow, high grade zones of graphite have been outlined
? Potential exists for a valuable vanadium by-product ? Assays for the other 14 diamond holes in Balama West are expected
to arrive continually over the next month
? Maiden JORC resource for Balama West area is expected in November 2012
? Drilling at Balama East encountered graphite mineralisation which visually appears to be higher grade than that in the West
? The assay results together with earlier trench results and strike extent of >7km support Syrah’s view that Balama should prove to be a large, high grade graphite deposit on a global basis
? Scoping Study team for Balama has been finalised with Snowden Group appointed as the lead consultant


I think that's pretty good if you read in detail !!

Well done SYR