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SUBSIDIARY NAME

MONTEPUEZ GRAPHITE PROJECT

COUNTRY

MOZAMBIQUE

SECTOR/ INDUSTRY

MINING

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

May 20, 2022

ACQUISITION VALUATION

95 MILLION

TOTAL ASSET VALUATION

950 MILLION

MINING

MONTEPUEZ GRAPHITE PROJECT: IIB-DG acquired MONTEPUEZ GRAPHITE PROJECT on May 20, 2022 the purpose of project is Mining Operation and Wash plant for Graphite processing into Concentrate.

  • Surface Outcropping resource/ Open Pit mining, HIGH GRADE Graphite deposit Upgradable to 99.9% for EV BATTERIES
  • LoM(Life of Mine)- Over 80 Years TGC- 5-32%
  • Production: 350 ktpa (when Phase 3 complete)
  • Recovery Rate- 98%
  • World Class Location Next to syrahresources.com.au
  • Easy Access to 2 shipping Ports- Pemba(285km), Nacala(400km) EPCM Contractor- Jantai Corporation, CHINA

COUNTRY

MOZAMBIQUE

SECTOR/ INDUSTRY

MINING

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

September 7, 2022

ACQUISITION VALUATION

96 MILLION

TOTAL ASSET VALUATION

960 MILLION

MINING

MONTEPUEZ GRAPHITE PROJECT acquired on September 7, 2022.

  • Surface Outcropping resource/ Open Pit mining,
  • HIGH GRADE Graphite deposit Upgradable to 99.9% for EV BATTERIES
  • LoM( Life of Mine)- Over 80 Years
  • TGC- 5-32%
  • Production: 350 ktpa ( when Phase 3 complete)
  • Recovery Rate- 98%
  • World Class Location Next to syrahresources.com.au
  • Easy Access to 2 shipping Ports- Pemba(285km), Nacala(400km)
  • EPCM Contractor-Jantai Corportation, CHINA
  • Signed and offtake agreement with an American Company in the Anode Manufacturing Industry for Electric Vehicles batteries
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