Sarytogan Graphite Limited reported further high-grade drilling results from the company Deposit in Central Kazakhstan. Highlights: Thick high-grade graphite intercepts returned in fourteen diamond drill holes from the Central Graphite Zone (CGZ) in a previously sparsely drilled area of the 209Mt at 28.5% TGC Inferred Mineral Resource. Significant intercepts 30% TGC or thicker than 60m include: 22.9m at 30.1% TGC from 16.2m incl.

5.1m at 35.5% in ST-73; 25.1m at 34.0% TGC from 17.9m incl. 17.9m at 37.1% in ST-74; 69.6m at 25.5% TGC from 20.2m incl. 4.7m at 37.7% in ST-77; 15.9m at 32.1% TGC from surface incl.

10.0m at 38.1% in ST-78; 25.4m at 33.2% TGC from surface incl. 5.0m at 36.6% and incl. 16.3m at 36.4% in ST-79; 26.4m at 34.2% TGC from surface incl.

12.4m at 37.8% and incl. 11.4m at 35.3% in ST-82A; 20.1m at 33.4% TGC from surface incl. 8.4m at 36.4% and incl.

9.2m at 36.5% in ST-82; 74.1m at 29.1% TGC from surface incl. 13.6m at 36.3% ST-83. The results are typically higher-grade than the Mineral Resource as hypothesized by the observation of stronger metamorphism in this area.

Drilling is on track to be completed later this month to enable an updated Mineral Resource Estimate in first quarter 2023. Metallurgical test work optimisation is continuing at labs in Australia and Germany.