Syrah Resources Ltd (ASX:SYR)

A$ 0.22 -0.005 (-2.22%) Market Cap: 227.68 Mil Enterprise Value: 443.35 Mil PE Ratio: 0 PB Ratio: 0.34 GF Score: 40/100

Q1 2023 Syrah Resources Ltd Activities Report Call Transcript

Apr 27, 2023 / 01:00AM GMT

Release Date Price: A$1.26 (-9.54%)

Transcript

Operator

Thank you for standing by and welcome to the Syrah Resources Limited Q1 quarterly results update call. (Operator Instructions)

I would now like to hand the conference over to Mr. Shaun Verner, Managing Director and CEO. Please go ahead.

Shaun Verner

Syrah Resources Limited - MD, CEO & Director

Thanks very much. Good morning and thank you for joining the call today. With me on the call are Stephen Wells, our Chief Financial Officer; and Viren Hira, GM of Investor Relations and Business Development.

The March 2023 quarter has seen strong progress on the downstream expansion project construction and the further expansion project, DFS released today. Thus the recent development of volatile market conditions facing Balama has created further challenge in reaching positive operating cash flow. The quarter and the period ahead encapsulate everything that's unique about the developing graphite and anode position in the lithium-ion battery supply chain, enormous opportunity, rapid learning and the need to adapt short-term actions within longer

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