ENERGY MINERALS

Graphite drilling of 'giant' resource in Kazakhstan starts well for Sarytogan

Junior claims the work has potential to 'significantly' increase previous estimate

This article is 2 years old. Images might not display.

Sarytogan believes the results - headlined by such hits as 20m grading 36% TGC - have the potential to "significantly expand" the resource.

Investors warmed to the news from Kazakhstan, marking the stock up more than 30% to A57c at one point.

Sarytogan is led by Sean Gregory, while the company's technical director is vendor Waldemar Mueller - who owns about 46.5% of the ASX-listed junior.

The graphite company also features active project generator Brendan Borg.

Sarytogan listed last month following an $8.5 million fundraising that issued new shares priced at 20c each.

Joint lead managers for the fundraising were RM Corporate and Inyati Capital.

Shares in Sarytogan were up 17% to 51c in afternoon trade, capitalising the company at $67.5 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.