Syrah Resources (ASX:SYR) has declared commercial production at its Balama graphite mine in Mozambique.
The company's production was in line with guidance, with 33kt tones of natural graphite produced in Quarter 4 2018 and full year production of 104kt tones.
Syrah achieved natural graphite recovery of 70 per cent in the fourth quarter compared to average recovery of 53 per cent in Quarter 3.
Managing Director and CEO Shaun Verner says the declaration of commercial production represents a major milestone for Syrah, reflecting the significantly improved production consistency and strong recovery improvements.
Shares in Syrah Resources (ASX:SYR) closed 0.06 per cent lower at $1.72.