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An announcement from Sarytogan Graphite Limited ( (AU:SGA) ) is now available.
Sarytogan Graphite Limited has reported encouraging shallow drilling results from the Ilkin prospect at its Baynazar copper exploration project in Kazakhstan, where 130 KGK drill holes have defined a strong copper bedrock anomaly up to 0.5% Cu within a 600-metre-wide zone. The anomaly’s core also shows elevated silver, molybdenum and antimony, with gold, cobalt, nickel, lead and zinc anomalism on the margins and alteration patterns consistent with a potential copper porphyry system, reinforcing earlier trenching and historical drilling that indicated broad copper mineralisation. These results strengthen the geological case for a significant porphyry-style discovery at Baynazar and support Sarytogan’s strategy to diversify into copper, with the company planning a program of deeper 200–500 metre diamond drill holes at Ilkin, contingent on securing dedicated funding for the next phase of exploration.
The most recent analyst rating on (AU:SGA) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Sarytogan Graphite Limited stock, see the AU:SGA Stock Forecast page.
More about Sarytogan Graphite Limited
Sarytogan Graphite Limited (ASX: SGA) is an Australian-listed resources company with exploration activities in Kazakhstan, expanding beyond its core graphite focus into base metals, including copper. The company is targeting large-scale copper porphyry-style mineralisation in an established, low-cost mining jurisdiction that already hosts several of the world’s lowest-cost copper operations.
Average Trading Volume: 374,571
Technical Sentiment Signal: Buy
Current Market Cap: A$20.1M
See more data about SGA stock on TipRanks’ Stock Analysis page.