SYR SP Discussion, page-19

https://*********.com.au/graphite-stocks-asx-ultimate-guide/

Graphite stocks on the ASX: The Ultimate Guide

By
Lorna Nicholas
-
March 21, 2018
Earmarked as a critical mineral in the United States and the European Union, graphite is a paramount ingredient in numerous industry applications including the surging lithium-ion battery sector.
What many lithium punters may not be aware of is the fact the booming lithium-ion battery comprises up to 40 times more graphite than lithium......................................


Syrah Resources (ASX: SYR)

One of Tolga Kumova’s success stories Syrah Resources is the owner of what the company claims is the world’s largest graphite resource – its Balama project in northern Mozambique.
Mr Kumova took Balama from an exploration project through to beginning of development before handing over the reins in late 2016.
Balama has a 50-year mine life with graphite grading 17%. Syrah aims to supply about 40% of the global graphite market’s feedstock.
Overall reserves for the Balama project rest at 114.5mt grading 16.6% TGC for 18.6mt of contained graphite.
During the December quarter, Syrah achieved maiden production of bagged saleable flake and fine graphite products and is ramping up to around 180,000tpa by the end of the year and up to 300,000tpa by the end of 2019.
The construction and commissioning team was demobilised, and responsibility handed over to the operations team on 1 January this year and by the end of that month, Syrah had produced around 3,000t of saleable graphite.
Final capital costs to get the project up and running hit US$215 million.
Syrah is anticipating Balama will become cashflow positive by the second half of the year.
The company is also evaluating downstream processing operations to add further value to the project.