Sarytogan Graphite

Primary ticker: ASX:SGA
Stage of development: Exploration, Development
Primary minerals: Graphite, Copper
Project to promote: Sarytogan Graphite Project, Baynazar Copper Exploration Project
Project location: Kazakhstan
Website: sarytogangraphite.com

Sarytogan Graphite is an emerging graphite development company advancing the 100% owned Sarytogan Graphite project in Central Kazakhstan.
With tier-one partners, a globally significant resource and outstanding project economics, our vision is to power a sustainable future through a reliable supply of high quality graphite materials.
The Sarytogan deposit is situated in the Karaganda region of Central Kazakhstan, 190 km from Karaganda city and 390 km from the capital, Astana. The project is 100% owned by Sarytogan.
The Sarytogan Graphite Deposit is one of the largest and the highest grade deposit globally, with a 229Mt indicated and inferred mineral resource at 29% Total Graphitic Carbon (TGC) (refer to ASX Announcement 27 March 2023).
A Pre-Feasibility Study on the project selected a 50,000 tpa staged development profile over an initial 60 year mine life. This allowed the declaration of an 8.6Mt at 30% TGC Probable Ore Reserve (refer ASX Announcement 12 August 2024.)

Cash: AUD1M
Debt: /

Major shareholders:
Ustar Ventures (Technical Director Dr Waldemar Mueller) – 30%

European Bank for Reconstruction and Development – 17% (subject to completion)

Thomas Peever (QLD private investor) – 7%

RM Capital Principals (IPO Broker) – 3%

Barboutis Consulting – 2%

Management ownership – 32%

Financials

Management Profile

Swan Gregory, Managing Director

Sean Gregory (ASX:SGA Managing Director) is a seasoned mining executive with more than 25 years experience in minerals exploration, development and mining in Iron Ore, Gold, Lithium, Cobalt, Nickel, and Graphite in Western Australia and abroad. The last 7 years has been at CEO and board level of listed ASX mining companies SGA, KFE, GSN, and BAR. This built on an early career with BHP, MMX and MIN developing iron ore and lithium operations. His practical mining experience is well complemented by a strong academic background including a Bachelor of Science (Hons) in Geology (UWA), MBA (UWA), Advanced Mergers and Acquisitions Program (Melb Uni) and Company Directors Course Award (AICD).

What is your rationale for taking part in 121 Mining Investment?

Sarytogan is looking for cornerstone investors for future equity rasies to finance the completion of the Bankable Feasiblity Study on the project. To date most investors have come from Australia, with the notable exeption of the European Bank for Reconstruction and Development who have entered into a Share Subscription for 17%, A$5M @ a premium of 16c, validating the project, company and management. Sarytogan intends to supply high quality graphite products to the European battery market and therefore is interested in promoting the story to European and UK investors.

What recent news would you like to highlight to investors attending?

12 August 2024 – Pre-Feasibility Study Results Quantify Exceptional Returns.
9 August 2024 – EBRD Equity Investment
3 July 2024 – Baynazar Copper Project

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Generate 300kg of product samples for customer and machine vendor testing.

6 Months:
BFS to be fully funded and well underway. Copper portfolio to progress to drilling with major JV partner yet to be identified.

12 Months:
BFS completion mid 2026.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Market sentiment to battery raw materials. Addressing by exploration exposure to copper, highlighting non-battery uses of Sarytogan Graphite, identifying investors who understnd the longer term thermatic and value proposition.

What do you think makes your company such a compelling investment?

Kazakhstan is an established mining jurisdiction where mining projects are able to be progressed in a sustanable manner for the benefit of the local community and emerging economy. Sarytogan has an established in-country team that is able to rapidly progess the approvals for the Sarytogan Graphite Project and pursue copper exploration in a highly prospective belt with much available land.. The value proposition of a A$17M Market Cap vs A$797 Project NPV vs many peers with smaller, lower quality projects at 5-15x Market Cap.

What are the top 3 key investor takeaways?

1) Sarytogan is the world’s highest grade and 2nd largest JORC Graphite Resource able to produce five nines purity for advanced battery use at low cost.

2) Kazakhstan is an established (and emerging) mining jurisdiction.

3) The project is well advanced with a recent PFS quantifying exceptional returns.