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Syrah Resources Limited (ASX:SYR)

ALERT: Price-sensitive ASX Announcement for SYR
Current share price for SYR : $0.105 -0.005 (-4.55%)+
Announcement
Release
23 Jul 2026 9:34AM
Price at Release
$0.110
Full Release
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Summary
Syrah Resources Limited's June 2026 Quarterly Activities and Cashflow Report highlights zero total recordable injuries at both their Balama Graphite Operation in Mozambique and Vidalia facility in the USA. The report details natural graphite sales of 7kt during a subdued market, with an average sales price of US$736 per tonne. Despite not securing a direct award under the US DLA procurement, Syrah is in discussions with awarded companies to supply graphite. The report also notes increased operational costs due to a 50% rise in diesel prices in Mozambique. Syrah's cash and cash equivalents at the quarter's end were US$98,256, with a net cash outflow from operating activities of US$19,302. The company maintains financing facilities, including a loan from the DFC.
Key Points
  • Syrah Resources Limited recorded zero total recordable injury frequency rate (TRIFR) for their Balama operations.
  • Natural graphite sales were 7kt for the quarter ending June 2026.
  • Syrah did not win a direct award in the US Defence Logistics Agency (DLA) procurement but is in talks with awarded companies.
  • Syrah's Vidalia facility in the USA has a TRIFR of 0.0 for the quarter.
  • The average sales price of natural graphite for the quarter was US$736 per tonne.
  • Shipping challenges included a 50% increase in diesel prices in Mozambique.
  • The company's cash and cash equivalents at the end of June 2026 were US$98,256.
  • Syrah reported a net cash outflow from operating activities of US$19,302 for the quarter.
  • The company has financing facilities, including a loan from the United States International Development Finance Corporation (DFC).
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.