Sarytogan Graphite jumps on high-grade drilling results from Kazakhstan deposit

Sarytogan Graphite

08/11/2022 24:43

** Shares of Australia's Sarytogan Graphite  SGA.AX 
 TLC.AX  rise as much as 28.3% to A$0.3, set to surge most since
Aug 15, if gains hold
    ** The mining exploration co announces high-grade drilling
results from the Sarytogan Graphite Deposit in Central
Kazakhstan  urn:newsml:reuters.com:*:nASXbbnjrK
    ** Says thick high-grade graphite intercepts returned in
fourteen diamond drill holes from the Central Graphite Zone
    ** Adds drilling is on track to be completed later this
month to enable an updated Mineral Resource Estimate in Q1 2023.
    ** Stock posts hits its highest since Oct 12
    ** More than 1.8 mln shares change hands, compared with the
30-day average volume of 600,554 shares
    ** Stock down 28.1% this year as of last close since co's
IPO in July
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))