Syrah Resources Receives Final Key Regulatory Approval

Syrah Resources (Syrah) (ASX:SYR) is pleased to announce that it has received its Land Access (DUAT) License for the Balama Graphite Project in Mozambique from the Ministry of Land, Environment and Rural Development (MITADER).

All key approvals have now been received for the Balama Graphite Project including:

Mining Concession granted in December 2013 for a period of 25 + 25 years
Water License granted
Environmental License granted
Land Access (DUAT) License granted
Project development activities are in progress to facilitate construction and the ramp up of production

Under Mozambican Law, the DUAT grants the titleholder the right of land use for the duration of the Mining Concession, and can be renewed for a further 25 years. Project development activities are in progress, and Syrah is very well placed to successfully deliver the construction and ramp up of the Balama Graphite Project.

Syrah Managing Director Tolga Kumova commented: “We would like to acknowledge the efforts of the staff within the Ministry of Land, Environment and Rural Development for their efforts in reviewing and supporting Syrah’s Land Access application. The awarding of all the key regulatory licenses has been the culmination of over 2 years of detailed studies and proactive engagement with the Mozambican Government and community.”

View source version on businesswire.com: http://www.businesswire.com/news/home/20150624006549/en/

Syrah Resources LtdTolga Kumova, +61 3 9670 7264t.kumova@syrahresources.com.auMobile: +61 421 707 155

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