Syrah awaits better market conditions for Balama restart as anode work continues

GRAPHITE company Syrah Resources has US$53 million cash and is reducing quarterly cash outflows to about $10 million per quarter.

Syrah awaits better market conditions for Balama restart as anode work continues Syrah awaits better market conditions for Balama restart as anode work continues Syrah awaits better market conditions for Balama restart as anode work continues Syrah awaits better market conditions for Balama restart as anode work continues Syrah awaits better market conditions for Balama restart as anode work continues

Balama, Mozambique

Of the $10 million, $7 million per quarter is earmarked for the idled Balama graphite operation in Mozambique, with near term quarterly outflows of $2 million and $1 million budgeted for its battery

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