Sarytogan Graphite Limited (ASX:SGA) Updates on Baynazar Copper Exploration
Operational Achievements
Sarytogan Graphite Limited (ASX:SGA) provided an update on its Baynazar copper exploration project in Kazakhstan. The company completed a high-resolution aeromagnetic survey and collected over 6,000 soil samples. An external exploration review confirmed previous results at the Ilken prospect and identified three new anomalies at Aminbay, indicating potential porphyry intrusions.
Next Steps
The soil sampling program will be infilled over the identified anomalies and extended to the north and south. This preparatory work precedes the planning of drilling programs, contingent on specific funding. Meanwhile, recent investment from the European Bank for Reconstruction and Development (EBRD) is being directed towards the development of the Sarytogan Graphite Project. Additionally, a second copper exploration licence in Kazakhstan has been pegged, with details to follow.
Executive Comments
Managing Director Sean Gregory stated, “Kazakhstan is an established mining jurisdiction with many of the world’s lowest cost copper mines and excellent prospectivity for the discovery of further copper porphyry mineralisation. This second target generated at the Baynazar Copper Exploration Project is named ‘Aminbay’ and looks very promising with textbook metal zonation and aeromagnetic features consistent with a possible porphyry intrusion. The soil sampling will be infilled and extended ahead of planning drilling at these exciting targets.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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