Stocks of the Hour: Sarytogan Graphite, Ragusa Minerals, Eastern Resources

Company News

by Abbey Phillipps

Sarytogan Graphite (ASX:SGA) has announced a 99.87 per cent graphite purity from its deposit in Central Kazakhstan. This figure was achieved through combining both alkaline roasting and chemical purification. Sarytogan Managing Director, Sean Gregory, commented: “Sarytogan is thrilled with this breakthrough metallurgical result by our German laboratory partner Pro-Graphite. The graphite purities achieved are a significant step towards battery anode specification.” Shares are trading almost 30 per cent higher at 40 cents.

Eastern Resources (ASX:EFE) has announced that spodumene has been identified in drill samples at the Trigg Hill Project, by multiple methods including logging, XRD scans and fluorescence. Executive Director Myles Fang commented: “We look forward to the assay results from our phase 1 drill samples. In the meantime our phase 2 drill program is underway to accelerate exploration at Trigg Hill.” Shares are trading 12 per cent higher at 4 cents.

Ragusa Minerals (ASX:RAS) has announced that its first round of drilling has intercepted high-grade rare earth oxide mineralisation. In response, Ragusa Chair, Jerko Zuvela said: “This is a positive result for the potential multi-commodity development of our Project – with upcoming ASX laboratory analysis results used to delineate a JORC mineral resource.“ Shares are trading 24 per cent higher at 18 cents.

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