Sarytogan Graphite Ltd (ASX:SGA) has been basking in international recognition and support for its Sarytogan Graphite Project in Kazakhstan this week.
At the launch of the Minerals Security Partnership (MSP) Finance Network, held at the United Nations General Assembly (UNGA) in New York, the European Bank for Reconstruction and Development (EBRD) highlighted the project as a case study.
Investing in critical mineral supply chains
The MSP, endorsed by the US, Australia, and several European and Asian nations, aims to enhance sustainable investment in global critical mineral supply chains.
The project’s inclusion by the EBRD underscores its significance in these efforts.
Sarytogan managing director Sean Gregory said: “The Sarytogan Graphite Project is attracting significant attention and support all levels of governments who recognise the global and local strategic importance of the project as a premium supplier of critical raw materials.”
The company’s discussions with senior Kazakh government officials further strengthen this support.
During a recent meeting in Astana, Sarytogan's delegation engaged with vice-minister of Industry and Infrastructural Development, Iran Sharkhan, who pledged governmental backing in securing necessary project approvals.
Meeting with Agydyr Akim, Merey Koishibayev, and Infrastructure and land availability.
Additionally, Sarytogan has been conducting well-received public forums, progressing the environmental permitting process.
Potential site emerges
The town of Agydyr has emerged as a potential site for a downstream purification facility, due to its industrial capacity, strategic location, and access to major infrastructure, including a 50-megawatt solar farm and a heavy-haul railway connecting China to Europe.
With the Environmental Permit nearing completion and final approval for share issuance to the EBRD expected by late October, the project is on track to securing its mining licence and becoming an important hub for the global critical minerals supply.
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