Industrial minerals and tech company Syrah resources (ASX:SYR) has provided a quarterly report.
First quarter operations at the company’s Balama graphite operation were below plan at 11 200 tonnes.
Meantime, the company’s net cash out flow was US$31 million compared to a forecast of $US35 million.
Syrah now expects to see positive cash flows from operations at Balama towards the middle of the second half of 2018.
Shares in Syrah (ASX:SYR) closed down 1.25 per cent to $3.15 on Friday