Syrah Resources Ltd. Equity Capital Raising Presentation, August 2015

Melbourne, Australia (ABN Newswire) - Syrah Resources Ltd. (ASX:SYR) are pleased to provide a company presentation regarding Syrah's equity capital raising.


Investment Highlights:

Exposure to world class Balama Graphite Project

- 2015 Feasibility Study completed by Snowden Mining Consultants Pty Ltd ("Snowden") confirms the potential of the Balama Graphite Project:(1)

* High grade and low strip ratio, with an estimated IRR of 71% and an estimated post-tax NPV10 of US$1.1bn

* JORC Code (2012) Compliant Graphite Reserve(2) would support over 40 years of production at projected production rates

- Key approvals are in place, including Mining Concession, Environmental License, Water License and Land Access (DUAT) License

- Pre-construction works substantially complete to enable construction to commence

- Balama graphite products can be used in traditional market uses and high growth battery applications

- Offtake agreement in place with China Aluminium International and Engineering Corporation ("Chalieco")

- CPC Engineering has completed a FEED for the processing plant

* Updated capital cost estimate for the development of the Balama Graphite Project is within 5% of the Feasibility Study estimates and processing plant operating cost estimates are consistent with the Feasibility Study estimates

Experienced board and management team in place to deliver Balama

- Board and management team with significant mining and African experience expected to lead the Company through construction and production milestones

Significant additional future potential through the Spherical Graphite Facility, Recarburiser Products and Vanadium Project

- Use of Balama graphite as an input into the manufacture of coated spherical graphite, which is expected to target the high value Li-ion battery segment, with recarburisers produced as a by-product

* Internal Economic Assessment in relation to Coated Spherical Graphite Facility completed(3)

- The Balama ore-body also contains a JORC Code (2004) Compliant Vanadium Resource of 1.15Bt at 0.24% V2O5 (2)

* Vanadium scoping study completed by Chalieco supports the viability of vanadium extraction at Balama(4)

(1) Refer to "Syrah finalises Balama Graphite study and declares maiden ore Reserve" as announced to ASX on 29 May 2015 for relevant assumptions and qualifications to the conclusions of this study.

(2) Refer to Appendix C for details of the Company's JORC Compliant Reserves and Resources and Competent Person Statements.

(3) Refer to "Syrah announces Internal Economic Assessment for Coated Spherical Graphite" as announced to ASX on 18 June 2015 for relevant assumptions and qualifications to the conclusions of this assessment. Refer to "Cautionary Statement - Spherical Graphite Internal Economic Assessment" on page 3 of this presentation.

(4) Refer to "2014 Vanadium Scoping Study" as announced to ASX on 30 July 2014 for relevant assumptions and qualifications to the conclusions of this study. Refer to "Cautionary Statement - Balama Vanadium Scoping Study" on page 3 of this presentation.

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYR-427049.pdf


About Syrah Resources Ltd:

Syrah Resources (ASX:SYR) is an Australian resource company with a diversified exploration portfolio located in south eastern Africa. The Balama Graphite and Vanadium project is Syrah's top priority project, and has progressed rapidly from exploration towards development and completion of a feasibility study.



Contact:

Tolga Kumova, Managing Director
Syrah Resources Ltd.
Office: +61-3-9670-7264
Mobile: +61-421-707-155
www.syrahresources.com.au