2016 AGM Presentation
Melbourne, May 26, 2016 AEST (ABN Newswire) - Syrah Resources Ltd (
ASX:SYR) (SYAAF:OTCMKTS) announce the 2016 AGM Presentation
Building the world's premier graphite company
- Feasibility Study confirms the world class potential of the Balama Project
- Low cost producer of superior quality graphite products
- Targeting "traditional" industrial graphite markets and emerging technology markets
- Development activities significantly underway
- Production ramp up in 2017
New Director appointed - Dr. Christina Lampe-Onnerud
- United States based authority in battery system innovation and design
- 20 years experiencein R&D and commercialization of lithium ion battery technologies
- Founder of Boston-Power Inc (Boston-Power), a developer of high-energy, efficient and safer battery "building blocks" that could be deployed into the portable electronics, transportation and utility energy storage markets
- Co-founder, Chairman and CEO of of Cadenza Innovation LLC, which is focused on developing highperformance, low cost battery technologies
- Lauded as a Technology Pioneer by the World Economic Forum Technology, and similarly honored by other prestigious organizations that include the Massachusetts Institute of Technology
- Dr. Lampe-Onnerud's extensive technical knowledge and commercial experience in the lithium ion battery sector adds a skill directly relevant to the Company's spherical graphite strategy
Development activities significantly progressed
- Detailed engineering and design is well advanced
- Steelwork and plate work fabrication is well underway with deliveries commencing to site during Q2 2016
- Manufacture of principal mechanical equipment continues and will be ready for delivery to site during Q2 and Q3 2016
- Concrete works have commenced in the key areas of the crushing facility and primary mill foundations in preparation for the commencement of construction
- Tender submissions for Structural, Mechanical and Piping (SMP) construction work have been submitted and are currently being reviewed
- Key construction and operational staff being progressively recruited with a number of positions being awarded to highly qualified Mozambican nationals
To view the presentation, please visit:
http://abnnewswire.net/lnk/5HK9X9W1
About Syrah Resources Ltd
Syrah Resources (ASX:SYR) is an Australian resource company that is rapidly progressing its flagship Balama Graphite and Vanadium Project in Mozambique to production. The Project hosts the largest graphite ore reserves in the world with an Australasian Joint Ore Reserves Committee (JORC) compliant Ore Reserve of 81.4 Mt at 16.2% total graphitic carbon. Balama is a 110 km2 granted Mining Concession located within the Cabo Delgado province in the district of Namuno in northern Mozambique. The Project is approximately 260 km by road west of Pemba and is accessible by a sealed, main road, running directly from Pemba Airport. The Port of Nacala is approximately 490 km by road south east of the Project and is the deepest port in Southern Africa.
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