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  • 4 weeks later...



"In terms of the graphite grade, we did some initial trenching and sent samples to MintekÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s large South African lab. The organic carbon grade of those was 11.2 per cent and we now know from our further work that those samples come from quite a low grade area,"Kehoe recaps."We believe weÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ll get grades of about 20 per cent graphite. If thatÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s the case weÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ll have a globally significant projectÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ÂÂbut that said we like to keep conservative."


We await the latest results. SYR currently in a trading halt.

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Worldwide "Graphite" market estimated to be worth US$12 Billion per annum:


*Graphite Electrodes US$5.5 Billion

*Carbon Fibres US$3.0 Billion

*Specialty Graphite US$1.0 Billion - Blocks, Molds and Pieces

*Granular & Powder US$1.0 Billion

*All Other Graphite - Products US$1.5 Billion


Annual natural graphite market (1.1Mt C) is similar size to Nickel market (1.3Mt Ni)


New graphite markets in 'green' energy demand Li-ion batteries typically contain up to 20 times graphite as lithium.

Why Graphite ?

World supply is 82% from China and North Korea

Traditional graphite markets in steel production are strong; growth 5% annum

China exports drying up under new tariffs and regulations

Graphite declared a "Strategic Mineral" akin to Lithium and REE's by USA and EU zone

Compulsory growth - some countries legislating increased electric vehicles; EV Li-ion batteries use up to 90kg graphite each

Consumers wanting reliable, timely and high quality supply

Prices risen strongly since 2005

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The price for large flake graphite (+80 mesh, 94-97%C graphite) is around $3,000/t at the moment. When I last looked a couple of years ago, I remember it was around $700/t. When I phoned a contact at a commodities trading house he alerted me to the current price. Apparantly demand will exceed supply by heaps for the next few years so higher prices than $3,000/t could be the norm for some time.


SYR seem to be amassing a huge footprint in this space. Balama (Mozanbique) looks huge in POTENTIAL and if they have what they think they have at Balama, the share price will be a multiple of the current price. Only the drill bit will tell the story. These latest assays we are waiting on (trading halt) are from trenching samples. The actual drilling will start later this month with a diamond drill and an RC drill working in tandem.


For those who like the story and feel they have missed the boat (they haven't IMO) the alternative entry is via CSE. CSE own 11M SYR shares or roughly 10% of SYR. Every 10c movement in SYR equates to a ~1c movement in CSE.

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Those results look tremendous. High average carbon content and some of the better samples came from a new exploration area. This looks as though it will be larger than they initially thought.

Looking at the table of producers/explorers at the back end of the announcement clearly shows this Balama project has the potential to be one of the largest and highest grade graphite projects in the world.

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