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Syrah Resources Limited (ASX Code: SYR) is an Australian resource company conducting mineral exploration in Australia and Saudi Arabia. The Company’s vision is to become a long term and sustainable mining company through the successful discovery or acquisition of mineral deposits, and the development of mining projects into production.

The primary commodities of interest to Syrah are precious and base metals.

In a new strategic shift for the Company, in 2009 Syrah made applications for Exploration Licences in the Kingdom of Saudi Arabia. Syrah has made applications for Exploration Licences covering known mineral occurrences as well as exploration targets driven by greenfields exploration concepts. A number of these applications are now being processed by the Deputy Ministry for Mineral Resources.

In South Australia, the Lyndhurst project area comprises two tenements that contain many historical workings located on occurrences of copper mineralisation. Drilling by Syrah in 2008 returned encouraging, wide intercepts of oxide copper at the White Lead Prospect. In 2009 Syrah reached agreement with Zurich Resources Pty Ltd to joint venture the Lyndhurst tenements. Zurich intends to utilise geophysics to explore for copper sulphide mineralisation as well as continuing to explore the oxide copper occurrences.

The Company continues to pursuing the acquisition or joint venture of an advanced resource asset within Australia and overseas, following a strong corporate objective of moving towards being a developer and operator of mining operations.

Saudi Arabia Exploration

 

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